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# Convert monthly growth rate to quarterly

As a simplistic alternative, you may use a reliable GDP index (e.g. employment rate) available in monthly values and manually (e.g. in Excel) you distribute each quarter GDP into three monthly.

The quarterly sum is just the average multiplied by three. Since local projections are just a bunch of OLS - one for each horizon, this is how you can think about the issue: If y t + h =. GDP also increased 2.2% from the first to the second quarter this year. The yearly increase was the biggest since 2011, the authority said in a release. Why it matters: The Economist Intelligence Unit reported last month that Saudi Arabia is on track to be the world’s fastest-growing economy in 2022.

So, let's look at how you can annualize your monthly returns. If you know the monthly rate, which is the same in all months, all you need to do is calculate the annualized returns using the following formula: APY = (1 + R)^12-1. So, if the monthly rate is 2% for all months, the annualized rate is: \= (1+2%)^12 - 1. \= 1.02^12-1 = 0.2682 or.

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