National Accounts: GDP by Expenditure: Current Prices: Gross Domestic Product: Total for Czech Republic
Annual
CZEGDPNADSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,786,742,000,000.00
Year-over-Year Change
69.97%
Date Range
1/1/1995 - 1/1/2022
Summary
The Annual Gross Domestic Product (GDP) Detrended Series measures the deviation of real GDP from its long-term trend. It provides insight into the business cycle and is a key indicator for economists and policymakers.
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 Annual GDP Detrended Series is a measure of the cyclical component of real GDP, which shows how the economy is performing relative to its long-term potential. It is used to analyze fluctuations in economic growth and assess the health of the overall economy.
Methodology
The data is calculated by the U.S. Federal Reserve using statistical detrending techniques.
Historical Context
This metric is closely watched by policymakers, central banks, and financial analysts to understand the stage of the business cycle and inform economic and monetary policy decisions.
Key Facts
- The series shows the cyclical component of real GDP relative to its long-term trend.
- Detrended GDP is a leading indicator of economic performance and the business cycle.
- Policymakers use this metric to gauge the stage of the economic cycle and inform policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Annual GDP Detrended Series measures the deviation of real GDP from its long-term trend, providing insight into the business cycle and economic performance.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by policymakers, central banks, and financial analysts to understand the stage of the business cycle and inform economic and monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using statistical detrending techniques.
Q: How is this trend used in economic policy?
A: Policymakers use this metric to gauge the stage of the economic cycle and inform policy decisions, such as adjusting monetary policy or fiscal stimulus.
Q: Are there update delays or limitations?
A: The Annual GDP Detrended Series is published by the Federal Reserve and may be subject to revision and update delays.
Related Trends
Infra-Annual Labor Statistics: Monthly Unemployment Rate Female: 25 Years or over for Czechia
LRHUADFECZM156S
Infra-Annual Labor Statistics: Employment Rate Female: From 25 to 54 Years for Czechia
LREM25FECZQ156N
Producer Prices Index: Type of Goods: Investments Goods: Domestic for Czech Republic
PITGVG02CZM661N
Producer Prices Index: Economic Activities: Manufacturing: Domestic for Czech Republic
PIEAMP02CZA659N
Harmonized Index of Consumer Prices: Coffee, Tea and Cocoa for Czech Republic
CP0121CZM086NEST
Percentage of Foreign Banks Among Total Banks for Czech Republic
DDOI13CZA156NWDB
Citation
U.S. Federal Reserve, Annual Gross Domestic Product (GDP) Detrended Series (CZEGDPNADSMEI), retrieved from FRED.