Production: Construction: Total for Hungary
Growth rate previous period, Annual
PRCNTO01HUA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.19
Year-over-Year Change
-81.92%
Date Range
1/1/1996 - 1/1/2024
Summary
The 'Growth rate previous period, Annual' trend measures the year-over-year percent change in a given economic indicator. This metric provides valuable insights into the pace and direction of economic growth over time.
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 statistic is widely used by economists, policymakers, and analysts to evaluate the performance and trajectory of the U.S. economy. It offers a standardized way to compare economic activity across different periods and identify emerging trends.
Methodology
The data is calculated based on the percent change between the current year's value and the previous year's value for the specified economic indicator.
Historical Context
Policymakers and market participants closely monitor this trend to inform economic decision-making and forecasting.
Key Facts
- The growth rate is calculated as a year-over-year percent change.
- This metric is a standardized way to compare economic performance over time.
- Policymakers use the growth rate to assess the state of the economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percent change in a given economic indicator, providing insights into the pace and direction of economic growth.
Q: Why is this trend relevant for users or analysts?
A: This annual growth rate statistic is widely used by economists, policymakers, and analysts to evaluate the performance and trajectory of the U.S. economy, offering a standardized way to compare economic activity across different periods.
Q: How is this data collected or calculated?
A: The data is calculated based on the percent change between the current year's value and the previous year's value for the specified economic indicator.
Q: How is this trend used in economic policy?
A: Policymakers and market participants closely monitor this trend to inform economic decision-making and forecasting.
Q: Are there update delays or limitations?
A: The data is published annually, with some delay in availability compared to the reference period.
Related Trends
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ULQEUL01HUQ661N
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Water Supply and Miscellaneous Services Relating to the Dwelling for Hungary
HUNCP040400GYM
National Accounts: GDP by Expenditure: Current Prices: Gross Fixed Capital Formation for Hungary
HUNGFCFQDSMEI
Liquid Liabilities to GDP for Hungary
DDDI05HUA156NWDB
Citation
U.S. Federal Reserve, Growth rate previous period, Annual (PRCNTO01HUA657S), retrieved from FRED.