National Accounts: GDP by Expenditure: Current Prices: Less: Imports of Goods and Services for Czech Republic
CZEIMPORTQDSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,208,405,000,000.00
Year-over-Year Change
33.14%
Date Range
1/1/1995 - 7/1/2023
Summary
This economic indicator measures the current value of imports of goods and services for the Czech Republic, a key component of gross domestic product (GDP) expenditure data.
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
Imports of goods and services is a measure of the total value of all goods and services purchased from foreign producers by domestic consumers, businesses, and government. This trend is an important indicator of a country's trade position and international economic linkages.
Methodology
The data is collected and calculated by the Czech Statistical Office as part of the national accounts system.
Historical Context
Policymakers and analysts use this data to assess the state of the Czech economy and its trade relationships.
Key Facts
- Imports accounted for 79.4% of Czech GDP in 2021.
- The value of Czech imports grew by 25.4% in 2021 after declining in 2020.
- Machinery and transport equipment make up the largest share of Czech imports.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the current value of imports of goods and services for the Czech Republic, which is a key component of the country's gross domestic product (GDP) expenditure data.
Q: Why is this trend relevant for users or analysts?
A: Imports of goods and services is an important indicator of a country's trade position and international economic linkages, providing insight into the state of the Czech economy and its trade relationships.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Czech Statistical Office as part of the national accounts system.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess the state of the Czech economy and its trade relationships, which can inform economic and trade policies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical delay of 2-3 months.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Current Prices: Less: Imports of Goods and Services for Czech Republic (CZEIMPORTQDSMEI), retrieved from FRED.