Leading Indicators OECD: Reference series: Gross Domestic Product (GDP): Ratio to trend for the Czech Republic
CZELORSGPRTSTSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
98.49
Year-over-Year Change
0.61%
Date Range
2/1/1995 - 8/1/2022
Summary
The Leading Indicators OECD: Reference series: Gross Domestic Product (GDP): Ratio to trend for the Czech Republic measures the cyclical position of the Czech economy relative to its long-term trend. This is a key indicator for policymakers and analysts assessing the country's economic health and growth trajectory.
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 OECD composite leading indicator tracks the Czech Republic's GDP relative to its historical trend. It provides an early signal of turning points in the business cycle, helping policymakers and investors anticipate economic conditions and respond accordingly.
Methodology
The data is calculated using a proprietary OECD methodology that aggregates multiple economic indicators.
Historical Context
Policymakers and analysts use this trend to inform decisions about monetary, fiscal, and regulatory policies that may impact the Czech economy.
Key Facts
- The trend has a base year of 2015 = 100.
- Values above 100 indicate economic activity above the long-term trend.
- The indicator is published monthly with a 2-month lag.
FAQs
Q: What does this economic trend measure?
A: This trend measures the cyclical position of the Czech Republic's economy relative to its long-term GDP trend.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides an early signal of turning points in the Czech business cycle, helping policymakers and investors anticipate economic conditions.
Q: How is this data collected or calculated?
A: The data is calculated using a proprietary OECD methodology that aggregates multiple economic indicators.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to inform decisions about monetary, fiscal, and regulatory policies that may impact the Czech economy.
Q: Are there update delays or limitations?
A: The indicator is published monthly with a 2-month lag.
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Citation
U.S. Federal Reserve, Leading Indicators OECD: Reference series: Gross Domestic Product (GDP): Ratio to trend for the Czech Republic (CZELORSGPRTSTSAM), retrieved from FRED.