International Merchandise Trade Statistics: Imports: Commodities for Russia
Growth rate same period previous year, Annual
XTIMVA01RUA659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.81
Year-over-Year Change
-131.73%
Date Range
1/1/1992 - 1/1/2024
Summary
The Growth rate same period previous year, Annual measures the year-over-year change in economic output. This metric is a key indicator of overall economic performance and is closely tracked 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 annual growth rate statistic compares the current year's economic activity to the same period in the prior year. It provides a standardized way to assess the pace of expansion or contraction in the economy across different time periods.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using national accounts information.
Historical Context
Policymakers and economists use this indicator to assess the health of the economy and inform policy decisions.
Key Facts
- The growth rate averaged 2.4% annually from 2010-2019.
- Growth slowed to -3.4% in 2020 due to the COVID-19 pandemic.
- Positive annual growth signals an expanding economy.
FAQs
Q: What does this economic trend measure?
A: The Growth rate same period previous year, Annual measures the year-over-year change in a country's economic output or gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of overall economic health and performance, providing important context for policymakers, investors, and analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using national accounts information.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this indicator to assess the state of the economy and inform decisions around monetary and fiscal policy.
Q: Are there update delays or limitations?
A: There may be lags of several months in the reporting of this annual data by the statistical agencies.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Annual (XTIMVA01RUA659S), retrieved from FRED.