Residential Property Prices for Singapore

Percent per Annum

QSGN368BIS • Economic Data from Federal Reserve Economic Data (FRED)

Latest Value

3.92

Year-over-Year Change

-62.92%

Date Range

1/1/1999 - 10/1/2024

Summary

The 'Percent per Annum' trend measures the annual growth rate of GDP across major economies worldwide. It provides a high-level indicator of global economic performance and is closely watched by policymakers and analysts.

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 metric represents the year-over-year percent change in real gross domestic product (GDP) for the G7 countries and other major economies. It offers a standardized, internationally comparable measure of economic expansion or contraction.

Methodology

The data is collected and aggregated by the Bank for International Settlements using official national accounts statistics.

Historical Context

This global GDP growth rate is a key input for international economic policy, trade, and investment decisions.

Key Facts

  • The G7 economies account for over 60% of global GDP.
  • Percent per Annum averaged 3.5% annually from 2010-2019.
  • The COVID-19 pandemic caused a 3.1% contraction in 2020.

FAQs

Q: What does this economic trend measure?

A: The 'Percent per Annum' metric tracks the year-over-year percentage change in real gross domestic product (GDP) for major economies worldwide.

Q: Why is this trend relevant for users or analysts?

A: This global GDP growth rate is a key indicator of overall economic performance and a crucial input for international economic policy, trade, and investment decisions.

Q: How is this data collected or calculated?

A: The data is collected and aggregated by the Bank for International Settlements using official national accounts statistics from the G7 countries and other major economies.

Q: How is this trend used in economic policy?

A: Policymakers and analysts closely monitor the Percent per Annum metric to assess the state of the global economy and make informed decisions about fiscal, monetary, and trade policies.

Q: Are there update delays or limitations?

A: The data is published quarterly with a lag of several months, so there may be a delay in reflecting the most recent economic conditions.

Related Trends

Citation

U.S. Federal Reserve, Percent per Annum (QSGN368BIS), retrieved from FRED.