Production: Mining: Total mining: Total for the Czech Republic
CZEPRMITO01IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
77.19
Year-over-Year Change
-4.81%
Date Range
1/1/1991 - 1/1/2019
Summary
This economic trend measures total mining production in the Czech Republic, a key indicator of the country's industrial and natural resource activity.
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 Production: Mining: Total mining: Total for the Czech Republic metric tracks the overall volume of mining output in the Czech economy, including coal, metal ores, and other mineral resources. It is an important barometer of the health and productivity of the Czech mining sector.
Methodology
The data is collected through surveys of mining companies and production facilities.
Historical Context
Mining trends are closely watched by Czech policymakers and analysts to assess the state of the country's industrial base and commodity markets.
Key Facts
- Mining accounts for around 2% of Czech GDP.
- Coal is the largest mining product, followed by stone and sand.
- The mining industry employs over 25,000 workers in the Czech Republic.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total volume of mining production in the Czech Republic, including coal, metal ores, and other mineral resources.
Q: Why is this trend relevant for users or analysts?
A: Mining is an important part of the Czech industrial base, and trends in mining production provide valuable insights into the health of the broader Czech economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of mining companies and production facilities in the Czech Republic.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor mining trends to assess the state of the Czech industrial sector and commodity markets.
Q: Are there update delays or limitations?
A: The data is published regularly with minimal delays, providing timely insights into the Czech mining industry.
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Citation
U.S. Federal Reserve, Production: Mining: Total mining: Total for the Czech Republic (CZEPRMITO01IXOBM), retrieved from FRED.