Production: Construction: Total for Denmark
Growth rate same period previous year, Annual
PRCNTO01DKA659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.08
Year-over-Year Change
11.56%
Date Range
1/1/1996 - 1/1/2024
Summary
The Growth rate same period previous year, Annual trend measures the year-over-year change in a given economic indicator. This metric is crucial for economists and policymakers to assess the pace of economic growth and make informed decisions.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This annual growth rate captures the percent change in an economic variable compared to the same period in the previous year. It provides valuable insights into the momentum and direction of the economy, allowing for more nuanced analysis beyond simple period-over-period changes.
Methodology
The data is calculated by the U.S. Federal Reserve based on underlying economic indicators.
Historical Context
Policymakers and market analysts closely monitor this trend to gauge the overall health and trajectory of the U.S. economy.
Key Facts
- The data is reported on an annual basis.
- This metric is a key input for forecasting and policymaking.
- Year-over-year growth rates can reveal important economic shifts.
FAQs
Q: What does this economic trend measure?
A: The Growth rate same period previous year, Annual trend measures the percent change in an economic indicator compared to the same period in the previous year.
Q: Why is this trend relevant for users or analysts?
A: This metric provides crucial insights into the pace and direction of economic growth, enabling more informed decision-making by policymakers and market participants.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on underlying economic indicators.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this trend to assess the overall health and trajectory of the U.S. economy, informing policy decisions and market forecasts.
Q: Are there update delays or limitations?
A: The data is reported on an annual basis, so there may be a delay in the most recent figures becoming available.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Annual (PRCNTO01DKA659S), retrieved from FRED.