Residential Property Prices for Luxembourg
Percent per Annum
QLUN368BIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.36
Year-over-Year Change
-88.79%
Date Range
1/1/2008 - 10/1/2024
Summary
The 'Percent per Annum' series measures the average annual growth rate of real GDP across countries and regions. This key economic indicator provides insights into the pace of global economic expansion and is closely tracked by policymakers.
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 'Percent per Annum' series reports the year-over-year percent change in real GDP, a comprehensive measure of a country's economic output. This metric allows for cross-country and historical comparisons of economic performance and is widely used by economists, analysts, and institutions to assess global growth trends.
Methodology
The data is collected and calculated by the Bank for International Settlements (BIS) based on official government statistics.
Historical Context
Policymakers and market participants monitor this indicator to gauge the strength of the global economy and inform economic and financial decisions.
Key Facts
- The series covers over 40 countries and regions worldwide.
- Global real GDP growth averaged 3.5% per year from 2010 to 2019.
- China has been one of the fastest-growing major economies in recent decades.
FAQs
Q: What does this economic trend measure?
A: The 'Percent per Annum' series measures the average annual growth rate of real GDP across countries and regions, providing insights into the pace of global economic expansion.
Q: Why is this trend relevant for users or analysts?
A: This key indicator is closely tracked by policymakers, economists, and market participants to assess the strength of the global economy and inform economic and financial decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Bank for International Settlements (BIS) based on official government statistics.
Q: How is this trend used in economic policy?
A: Policymakers monitor this indicator to gauge the strength of the global economy and inform their economic and financial decisions.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, with a typical delay of several months.
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Citation
U.S. Federal Reserve, Percent per Annum (QLUN368BIS), retrieved from FRED.