International Merchandise Trade Statistics: Imports: Commodities for Austria
Growth rate same period previous year, Annual, Seasonally Adjusted
XTIMVA01ATA659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-7.01
Year-over-Year Change
10.38%
Date Range
1/1/1958 - 1/1/2024
Summary
This annual, seasonally adjusted economic indicator measures the year-over-year growth rate, providing insights into the pace of economic expansion or contraction.
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 same period previous year metric tracks changes in a key economic variable compared to the same period a year earlier. This allows analysts to identify broad trends and mitigate the impact of seasonal fluctuations.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on underlying economic statistics.
Historical Context
This growth rate metric is widely used by policymakers, economists, and investors to assess the health and trajectory of the U.S. economy.
Key Facts
- The growth rate is expressed as a percentage change.
- This metric is published on an annual basis.
- Seasonal adjustment helps isolate underlying economic trends.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year growth rate of a key economic variable, providing insights into the pace of economic expansion or contraction.
Q: Why is this trend relevant for users or analysts?
A: This growth rate metric is widely used by policymakers, economists, and investors to assess the health and trajectory of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on underlying economic statistics.
Q: How is this trend used in economic policy?
A: This growth rate metric is a crucial input for policymakers, economists, and investors in evaluating the state of the U.S. economy and informing economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published on an annual basis, with a limited delay to allow for data collection and seasonal adjustment.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Annual, Seasonally Adjusted (XTIMVA01ATA659S), retrieved from FRED.