International Merchandise Trade Statistics: Imports: Commodities for Australia
Growth rate same period previous year, Annual, Seasonally Adjusted
XTIMVA01AUA659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.40
Year-over-Year Change
-62.97%
Date Range
1/1/1959 - 1/1/2024
Summary
This annual, seasonally adjusted metric measures the growth rate of a variable compared to the same period the previous year. Economists use this data to analyze economic performance and trends 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 same period previous year trend compares a variable's current value to its value from the same period one year prior. This allows for analysis of year-over-year changes, controlling for seasonal factors. Policymakers and analysts utilize this metric to understand economic momentum and gauge the pace of recovery or expansion.
Methodology
The U.S. Federal Reserve calculates this data using seasonal adjustment techniques on the underlying variable.
Historical Context
Analysts reference this metric to contextualize the current state of the economy and inform policy decisions.
Key Facts
- This metric is reported on an annual basis.
- Seasonal adjustment accounts for predictable fluctuations.
- The data series is published by the U.S. Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: This trend measures the growth rate of a variable compared to the same period in the previous year, adjusting for seasonal factors.
Q: Why is this trend relevant for users or analysts?
A: This year-over-year growth rate allows economists and policymakers to analyze economic momentum and performance over time, controlling for seasonal patterns.
Q: How is this data collected or calculated?
A: The U.S. Federal Reserve calculates this metric using seasonal adjustment techniques on the underlying economic variable.
Q: How is this trend used in economic policy?
A: Analysts and institutions reference this metric to contextualize the current state of the economy and inform policy decisions.
Q: Are there update delays or limitations?
A: This annual, seasonally adjusted data series is published by the Federal Reserve with minimal delays.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Annual, Seasonally Adjusted (XTIMVA01AUA659S), retrieved from FRED.