Balance of Payments: Current Account: Expenditure for Czechia
CZEB6DBTT01CXCUSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
62,414,930,000.00
Year-over-Year Change
8.99%
Date Range
1/1/1993 - 10/1/2024
Summary
The Balance of Payments: Current Account: Expenditure for Czechia measures the country's international transactions, providing insights into its economic performance and trade relations.
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
This economic trend represents the net difference between Czechia's total inbound and outbound payments, excluding financial and capital accounts. It is a key indicator used by economists and policymakers to assess a country's economic health and external imbalances.
Methodology
The data is compiled by the Czech National Bank based on reports from domestic entities involved in international transactions.
Historical Context
Monitoring the current account balance helps inform monetary and fiscal policies, as well as providing context for exchange rate movements and trade negotiations.
Key Facts
- Czechia's current account balance has averaged around 0.5% of GDP over the past decade.
- The current account deficit peaked at 6.2% of GDP in 1996 before trending towards surplus in recent years.
- Czechia's main current account components are trade in goods, trade in services, and primary income.
FAQs
Q: What does this economic trend measure?
A: The Balance of Payments: Current Account: Expenditure for Czechia measures the country's net international transactions, excluding financial and capital flows.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into Czechia's economic performance, trade relations, and external imbalances, which are important for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is compiled by the Czech National Bank based on reports from domestic entities involved in international transactions.
Q: How is this trend used in economic policy?
A: Monitoring the current account balance helps inform monetary and fiscal policies, as well as providing context for exchange rate movements and trade negotiations.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 3 months.
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Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Maintenance and Repair of the Dwelling for Czechia
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Citation
U.S. Federal Reserve, Balance of Payments: Current Account: Expenditure for Czechia (CZEB6DBTT01CXCUSAQ), retrieved from FRED.