International Merchandise Trade Statistics: Imports: Commodities for Canada
Growth rate same period previous year, Annual, Seasonally Adjusted
XTIMVA01CAA659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.10
Year-over-Year Change
-95.69%
Date Range
1/1/1958 - 1/1/2024
Summary
This economic indicator measures the year-over-year growth rate, adjusting for seasonal variations. It provides 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 the annual change in an economic variable, such as GDP or industrial production, after accounting for typical seasonal patterns. This time series data is widely used by economists and policymakers to assess the overall health and trajectory of the economy.
Methodology
The U.S. Federal Reserve calculates this index based on official government data sources.
Historical Context
Economists and investors monitor this trend to gauge the strength and direction of the business cycle.
Key Facts
- The data is reported on an annual basis.
- Positive values indicate economic expansion, while negative values signal contraction.
- This metric is a leading indicator of overall economic performance.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the year-over-year growth rate of an economic variable, adjusting for typical seasonal patterns.
Q: Why is this trend relevant for users or analysts?
A: The growth rate same period previous year metric provides valuable insights into the pace and direction of economic expansion or contraction, which is crucial for policymakers and investors.
Q: How is this data collected or calculated?
A: The U.S. Federal Reserve calculates this index based on official government data sources.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to assess the overall health and trajectory of the economy, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data is reported on an annual basis, so there may be lags in the availability of the most recent information.
Related Trends
Interest Rates: Immediate Rates (< 24 Hours): Prime Rates: Total for Canada
IRSTPI01CAM156N
Market Capitalization Outside of Top 10 Largest Companies to Total Market Capitalization for Canada
DDAM02CAA156NWDB
Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 24 Years for Canada
LRAC24TTCAM156N
Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for Canada
CANPROINDMISMEI
Purchasing Power Parity, Share of World for Canada
CANPPPSH
Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for Canada
CPGREN01CAA657N
Citation
U.S. Federal Reserve, Growth rate same period previous year, Annual, Seasonally Adjusted (XTIMVA01CAA659S), retrieved from FRED.