Total Credit to Non-Financial Sector, Adjusted for Breaks, for Czech Republic
Billions of Czech Korunas
QCZCAMXDCA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,164.45
Year-over-Year Change
25.71%
Date Range
10/1/1998 - 10/1/2024
Summary
The 'Billions of Czech Korunas' economic trend measures the total value of goods and services produced in the Czech Republic, expressed in billions of the Czech national currency, the koruna.
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 metric represents the Czech Republic's Gross Domestic Product (GDP), a key indicator of the overall health and size of the country's economy. GDP is widely used by economists, policymakers, and analysts to gauge economic performance and inform decision-making.
Methodology
The data is collected through surveys and administrative records by the Czech Statistical Office.
Historical Context
GDP is a crucial statistic for monitoring economic conditions, guiding fiscal and monetary policies, and evaluating the effectiveness of government programs.
Key Facts
- The Czech Republic's GDP was 5.78 trillion koruna in 2021.
- GDP growth in the Czech Republic was 3.3% in 2021.
- Services account for over 60% of Czech GDP.
FAQs
Q: What does this economic trend measure?
A: The 'Billions of Czech Korunas' trend measures the total value of goods and services produced in the Czech Republic, expressed in billions of the national currency.
Q: Why is this trend relevant for users or analysts?
A: GDP is a widely used indicator of a country's economic performance and size, providing insights that inform economic policies, investment decisions, and assessments of living standards.
Q: How is this data collected or calculated?
A: The data is collected by the Czech Statistical Office through surveys and administrative records.
Q: How is this trend used in economic policy?
A: GDP is a crucial statistic for monitoring economic conditions, guiding fiscal and monetary policies, and evaluating the effectiveness of government programs.
Q: Are there update delays or limitations?
A: The data is subject to the typical publication schedule and potential revisions made by the Czech Statistical Office.
Related Trends
Infra-Annual Labor Statistics: Monthly Unemployment Rate Female: 25 Years or over for Czechia
LRHUADFECZA156N
Value of Exports to Czech Republic from Delaware
DECZEA052SCEN
Infra-Annual Labor Statistics: Employment Male: From 55 to 64 Years for Czechia
LFEM55MACZA647N
Harmonized Index of Consumer Prices: Education for Czech Republic
CP1000CZM086NEST
Production: Construction: Total for Czech Republic
CZEPRCNTO01GPSAM
Harmonized Unemployment: Monthly Levels: Aged 25 and over: All Persons for Czech Republic
LFHUADTTCZQ647N
Citation
U.S. Federal Reserve, Billions of Czech Korunas (QCZCAMXDCA), retrieved from FRED.