Production: Mining: Total for Switzerland
PRMITO01CHA661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
97.93
Year-over-Year Change
-2.37%
Date Range
1/1/1996 - 1/1/2022
Summary
The 'Production: Mining: Total for Switzerland' trend measures the overall output of the mining industry in Switzerland. This data is crucial for economists and policymakers to assess the health and contribution of the country's extractive sector.
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 trend represents the total production volume of the mining industry in Switzerland, including the extraction of metals, minerals, coal, and other raw materials. It is an important economic indicator that provides insights into Switzerland's industrial activity and supply chains.
Methodology
The data is collected by the Swiss Federal Statistical Office through surveys of mining companies and industry associations.
Historical Context
The mining production index is used by analysts to monitor the performance of Switzerland's industrial base and its position in global commodity markets.
Key Facts
- Switzerland's mining sector accounts for less than 1% of its GDP.
- Metal ores and non-metallic minerals are the primary mining outputs.
- Mining production in Switzerland has been relatively stable in recent years.
FAQs
Q: What does this economic trend measure?
A: The 'Production: Mining: Total for Switzerland' trend measures the overall output and production volume of the mining industry in Switzerland, including metals, minerals, coal, and other raw materials.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the health and performance of Switzerland's industrial base, supply chains, and position in global commodity markets.
Q: How is this data collected or calculated?
A: The data is collected by the Swiss Federal Statistical Office through surveys of mining companies and industry associations.
Q: How is this trend used in economic policy?
A: The mining production index is used by analysts and policymakers to monitor the performance of Switzerland's industrial sector and its broader economic implications.
Q: Are there update delays or limitations?
A: The mining production data for Switzerland is typically published with a short delay, and the coverage may not include all minor mining activities.
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Citation
U.S. Federal Reserve, Production: Mining: Total for Switzerland (PRMITO01CHA661S), retrieved from FRED.