YoY

Year over Year

A method of comparing financial or economic data between two corresponding periods in consecutive years. The YoY approach helps to measure the growth, performance, or changes in various metrics, such as revenue, profits, or GDP, over a 12-month period.

Using YoY analysis, businesses and economists can assess long-term trends and determine whether there has been an improvement or decline in performance from one year to the next. YoY comparisons are typically expressed as a percentage change between the current year’s period and the same period in the previous year.

YoY analysis can provide valuable insights into the overall health and direction of a business or economy. However, it is essential to consider other factors, such as seasonality and short-term fluctuations, when analyzing performance trends. Combining YoY analysis with other approaches, such as Quarter-on-Quarter (QoQ) comparisons, can help to create a more comprehensive understanding of performance over time.

• Abbreviation: YoY