Sales: Retail Trade: Total Retail Trade: Volume for Russia
Growth rate previous period, Annual
SLRTTO01RUA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-3.17
Year-over-Year Change
-122.95%
Date Range
1/1/1996 - 1/1/2020
Summary
The 'Growth rate previous period, Annual' measures the year-over-year change in a specified economic indicator. This metric is widely used by economists and policymakers to analyze trends and inform economic decision-making.
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 series tracks the percent change in a variable compared to the same period in the previous year. It provides a longer-term perspective on economic performance, complementing month-over-month or quarter-over-quarter data.
Methodology
The data is calculated based on the percent change between the current year's value and the previous year's value for the same indicator.
Historical Context
The annual growth rate is a key input for macroeconomic analysis and forecasting by governments, central banks, and private sector economists.
Key Facts
- The annual growth rate can signal economic expansion or contraction.
- This metric adjusts for seasonal variations in the underlying data.
- Policymakers monitor annual growth rates to guide decisions on interest rates, fiscal policy, and other interventions.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate previous period, Annual' measures the percent change in a specified economic indicator compared to the same period one year earlier.
Q: Why is this trend relevant for users or analysts?
A: This annual growth rate is a crucial input for macroeconomic analysis, as it provides a longer-term perspective on economic performance and informs decision-making by policymakers and market participants.
Q: How is this data collected or calculated?
A: The annual growth rate is calculated as the percent change between the current year's value and the previous year's value for the same economic indicator.
Q: How is this trend used in economic policy?
A: Governments, central banks, and private sector economists closely monitor annual growth rates to assess the state of the economy and guide decisions on interest rates, fiscal policy, and other interventions.
Q: Are there update delays or limitations?
A: The annual growth rate data may be subject to revisions and updates as more complete information becomes available, but it generally has a shorter delay compared to some other economic indicators.
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Citation
U.S. Federal Reserve, Growth rate previous period, Annual (SLRTTO01RUA657S), retrieved from FRED.