Financial Market: Real Effective Exchange Rates: CPI Based for Czechia
Annual
CCRETT01CZA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
130.90
Year-over-Year Change
20.27%
Date Range
1/1/1993 - 1/1/2024
Summary
The Annual trend measures the year-over-year change in real personal consumption expenditures in the Czech Republic. This provides valuable insights into consumer spending and economic growth.
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 Annual trend tracks the annual percent change in real personal consumption expenditures, a key component of GDP. It is a widely-used indicator of consumer demand and broader economic conditions in the Czech Republic.
Methodology
The data is calculated by the OECD based on national accounts statistics.
Historical Context
Economists and policymakers closely monitor the Annual trend to assess the health of the Czech consumer economy.
Key Facts
- The Annual trend reached a high of 5.1% in 2017.
- Consumer spending accounts for over 50% of GDP in the Czech Republic.
- Annual growth slowed to 2.9% in 2020 amid the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year percent change in real personal consumption expenditures in the Czech Republic.
Q: Why is this trend relevant for users or analysts?
A: The Annual trend provides valuable insights into consumer demand and broader economic conditions in the Czech Republic.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD based on national accounts statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor the Annual trend to assess the health of the Czech consumer economy.
Q: Are there update delays or limitations?
A: The Annual data is published with a lag, so there may be delays in the most recent figures.
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Citation
U.S. Federal Reserve, Annual (CCRETT01CZA661N), retrieved from FRED.