concept

GDP Growth Rate

Also known as: GDP growth rates

Facts (12)

Sources

What Are the Key Macroeconomic Indicators? | IG International ig.com IG 9 facts

claimLagging macroeconomic indicators include GDP growth rates, the Consumer Price Index (CPI) and inflation, currency strength and stability, labour market statistics, and commodity prices.

claimThe Australian Bureau of Statistics publishes GDP growth rate data on a quarterly basis.

claimEconomic theory suggests that if the GDP rate declines for two consecutive quarters, the economy is entering a downturn or recession.

referenceKey Eurozone economic indicators include Interest rates (European Central Bank, Quarterly), GDP growth rates (Eurostat, Quarterly), Balance of trade (Eurostat, Monthly), Consumer confidence (Eurostat, Monthly), Unemployment rate (Eurostat, Monthly), Euro Area Consumer Price Index (Eurostat, Monthly), and Retail sales (Eurostat, Monthly).

referenceKey UK economic indicators include Interest rates (Bank of England, Quarterly), GDP growth rates (Office of National Statistics, Quarterly), Labour market statistics (Office of National Statistics, Every three months), Consumer Price Inflation Index (Office of National Statistics, Monthly), Producer Price Index (Office of National Statistics, Monthly), Retail sales (Office of National Statistics, Monthly), and Consumer trends report (Office of National Statistics, Every three months).

referenceKey Asian economic indicators include GDP growth rate and Interest rate for Hong Kong (Government of Hong Kong/HKMA, Quarterly), India (Indian Ministry of Statistics and Programme Implementation/Reserve Bank of India, Quarterly), Japan (National Accounts of Japan/Bank of Japan, Quarterly), and Singapore (Ministry of Trade and Industry Singapore/Monetary Authority of Singapore, Quarterly).

referenceKey US economic indicators include Interest rates (Federal Reserve, Quarterly), GDP growth rates (Bureau of Economic Analysis, Quarterly), Labour market statistics (Department of Labor, Every three months), Non-farm payroll (Department of Labor, Monthly), Industrial production and capacity utilization (Federal Reserve, Monthly), Consumer spending (Department of Commerce, Monthly), and Building permits (The Census Bureau of the Department of Commerce, Every three months).

claimPopular lagging macroeconomic indicators include GDP growth rates, the Consumer Price Index (CPI), national currency strength, labour market statistics, and commodity prices.

measurementIndia's reported annual GDP growth rate of 7% between 2011 and 2017 was revised to 4.5% after the discovery of a flaw in the measuring process.

Macroeconomic Indicators - Complete Guide - Financial Edge fe.training Financial Edge Apr 12, 2024 3 facts

claimThe Bureau of Economic Analysis releases the GDP Growth Rate.

claimGross Domestic Product (GDP) is the monetary value of all goods and services produced in a country, and two consecutive declines in the GDP growth rate, often called a technical recession, can indicate that the economy is entering a downturn.

claimThe Bureau of Economic Analysis releases the GDP Growth Rate as a macroeconomic indicator.