The cyclic component of GDP time series is utilized to describe and analyse the current economic position and potential trends, namely, i.e. it indicates the cyclic nature of economic development. It is derived by extracting the business cycle from the series of quarterly GDP movement from 2000, and then by detecting the reversing/turning points (i.e. cycle deviation in relation to long-term trends). As a result obtained is a more clear image of the national economic trends (represented by GDP movements) and the information whether it is above or below the trends; also whether the growing or falling stage is in progress.
Namely, four economic cycle stages provide the following information on economic movements:
The interactive graph, enabling the dynamic visualization of a certain indicator movements, presented is the GDP cyclic component at various times points. By positioning at any graph point presented is the GDP real growth rate for the respective quarter, and not the cyclic component values.