Production: Construction: Total for Sweden
Growth rate previous period, Annual
PRCNTO01SEA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-4.81
Year-over-Year Change
235.49%
Date Range
1/1/1995 - 1/1/2024
Summary
This economic trend measures the annual growth rate of a previous period, providing insight into the pace of economic expansion or contraction 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
The Growth Rate Previous Period, Annual metric tracks the year-over-year change in a given economic indicator, allowing for analysis of ongoing trends and their trajectory. This metric is widely used by economists and policymakers to assess the health and momentum of the overall economy.
Methodology
The data is calculated by the U.S. Federal Reserve using official government statistics.
Historical Context
Analyzing growth rates over time is crucial for informing economic policy decisions and understanding market dynamics.
Key Facts
- The growth rate can be positive or negative, indicating expansion or contraction.
- Annual growth rates provide a longer-term perspective compared to monthly or quarterly data.
- Growth rate trends are closely monitored by central banks and policymakers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year change in a given economic indicator, providing insight into the pace of economic expansion or contraction.
Q: Why is this trend relevant for users or analysts?
A: Analyzing growth rate trends is crucial for understanding the overall health and momentum of the economy, which informs policy decisions and market analysis.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using official government statistics.
Q: How is this trend used in economic policy?
A: Growth rate trends are closely monitored by central banks and policymakers to assess the state of the economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule by the U.S. Federal Reserve, with minimal delays, and provides a comprehensive view of economic growth trends.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual (PRCNTO01SEA657S), retrieved from FRED.