National Accounts: GDP by Expenditure: Current Prices: Government Final Consumption Expenditure for Czech Republic
Annual
CZEGFCEADSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,370,599,000,000.00
Year-over-Year Change
67.17%
Date Range
1/1/1995 - 1/1/2022
Summary
The Annual trend measures the year-over-year change in nominal GDP for the Euro area. It is a key indicator of overall economic growth and performance.
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 trend tracks the annual percentage change in Euro area gross domestic product at current prices. This data point is widely used by economists, policymakers, and analysts to assess the broader health and trajectory of the European economy.
Methodology
The data is calculated by the European Central Bank based on official national accounts statistics.
Historical Context
The Annual GDP growth rate is a critical input for fiscal and monetary policy decisions in the Euro area.
Key Facts
- The Euro area includes 19 of the 27 European Union member states.
- Nominal GDP measures the total value of all goods and services produced.
- Year-over-year GDP growth is a closely watched signal of economic performance.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year percentage change in nominal GDP for the Euro area. It provides a high-level indicator of overall economic growth and performance.
Q: Why is this trend relevant for users or analysts?
A: The Annual GDP growth rate is a critical economic indicator used by policymakers, investors, and analysts to assess the health and trajectory of the Eurozone economy.
Q: How is this data collected or calculated?
A: The data is calculated by the European Central Bank based on official national accounts statistics from member states.
Q: How is this trend used in economic policy?
A: The Annual GDP growth rate is a key input for fiscal and monetary policy decisions in the Euro area, as it signals the overall strength and direction of the regional economy.
Q: Are there update delays or limitations?
A: The Annual GDP data is typically published on a quarterly basis with a lag of several weeks, so there may be a delay in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, Annual (CZEGFCEADSMEI), retrieved from FRED.