National Accounts: GDP by Expenditure: Constant Prices: Exports of Goods and Services for Czech Republic
NAEXKP06CZQ652S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,175,068,000,000.00
Year-over-Year Change
11.66%
Date Range
1/1/1995 - 7/1/2023
Summary
This economic trend measures the constant-price exports of goods and services for the Czech Republic, which is an important indicator of international trade and economic 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 National Accounts: GDP by Expenditure: Constant Prices: Exports of Goods and Services for the Czech Republic tracks the real value of exported products and services over time. This metric is crucial for assessing the Czech economy's global competitiveness and integration within international supply chains.
Methodology
The data is collected and calculated by the Czech Statistical Office based on national accounts reporting.
Historical Context
Policymakers and analysts use this trend to evaluate the Czech Republic's trade balance, economic growth, and exchange rate dynamics.
Key Facts
- Exports accounted for over 70% of Czech GDP in 2021.
- Automotive and machinery exports are key drivers of the Czech trade surplus.
- The COVID-19 pandemic caused a 5.8% decline in Czech exports in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the constant-price value of exports of goods and services for the Czech Republic, providing insights into the country's international trade performance.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for evaluating the Czech economy's global competitiveness, trade balance, and integration within international supply chains.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Czech Statistical Office based on national accounts reporting.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the Czech Republic's trade balance, economic growth, and exchange rate dynamics.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedule of the Czech Statistical Office, with potential for minor revisions over time.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Constant Prices: Exports of Goods and Services for Czech Republic (NAEXKP06CZQ652S), retrieved from FRED.