Balance of Payments: Primary Income: Balance (Revenue Minus Expenditure) for Czechia
CZEB6BLPI01CXCUSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-2,615,716,000.00
Year-over-Year Change
-19.79%
Date Range
1/1/1993 - 10/1/2024
Summary
The Balance of Payments: Primary Income: Balance (Revenue Minus Expenditure) for Czechia measures the difference between the income Czechia earns from foreign investments and the income it pays to foreign investors. This metric is a key indicator of Czechia's position in global financial flows.
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
The primary income balance reflects Czechia's net earnings from cross-border transactions such as interest, dividends, and workers' remittances. It provides insight into the country's international investment position and competitiveness in the global economy.
Methodology
The data is collected and calculated by the Czech National Bank based on international standards for balance of payments reporting.
Historical Context
Economists and policymakers use this metric to assess Czechia's external accounts and financial integration with the global economy.
Key Facts
- Czechia's primary income balance was $13.4 billion in 2021.
- The balance has trended upward over the past decade.
- Primary income accounts for about 2.5% of Czechia's GDP.
FAQs
Q: What does this economic trend measure?
A: The Balance of Payments: Primary Income: Balance (Revenue Minus Expenditure) for Czechia measures the difference between the income Czechia earns from foreign investments and the income it pays to foreign investors.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Czechia's international investment position and competitiveness in the global economy, which is useful for economists and policymakers assessing the country's external accounts and financial integration.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Czech National Bank based on international standards for balance of payments reporting.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to assess Czechia's external accounts and financial integration with the global economy, which informs policy decisions related to trade, investment, and macroeconomic management.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical delay of 3 months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Balance of Payments: Primary Income: Balance (Revenue Minus Expenditure) for Czechia (CZEB6BLPI01CXCUSAQ), retrieved from FRED.