International Trade: Exports: Value (Goods): Total for Czech Republic
XTEXVA01CZQ188S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
75.28
Year-over-Year Change
-5.56%
Date Range
1/1/1995 - 7/1/2023
Summary
This economic trend measures the total value of exports of goods from the Czech Republic. It is a key indicator of the country's trade balance and international 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 total exports value trend provides insight into the Czech Republic's participation in global trade. It is used by economists, policymakers, and market analysts to assess the country's economic performance, international competitiveness, and trading relationships.
Methodology
The data is collected and reported by the Czech Statistical Office.
Historical Context
This metric is closely monitored for its implications on the Czech economy and trade policy.
Key Facts
- The Czech Republic is a major exporter in the European Union.
- Exports account for over 80% of the Czech Republic's GDP.
- Key Czech exports include machinery, vehicles, and electronics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of goods exported from the Czech Republic. It provides a high-level indicator of the country's international trade activity.
Q: Why is this trend relevant for users or analysts?
A: The exports value trend is a crucial metric for understanding the Czech Republic's economic performance, trade balance, and integration with the global economy.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Czech Statistical Office.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this metric to assess the Czech Republic's trade competitiveness and inform trade, industrial, and macroeconomic policies.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, International Trade: Exports: Value (Goods): Total for Czech Republic (XTEXVA01CZQ188S), retrieved from FRED.