Output-side Real GDP at Current Purchasing Power Parities for Czech Republic
CGDPOSCZA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
401,744.25
Year-over-Year Change
33.22%
Date Range
1/1/1990 - 1/1/2019
Summary
This economic indicator measures the real gross domestic product (GDP) of the Czech Republic, adjusted for purchasing power parity. It provides a comprehensive assessment of the overall economic output and activity in the country.
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 output-side real GDP at current purchasing power parities (PPPs) for the Czech Republic is a key metric used by economists and policymakers to evaluate the size and performance of the Czech economy. It reflects the total value of goods and services produced, while accounting for differences in price levels between countries.
Methodology
The data is calculated by the World Bank using national accounts and price data.
Historical Context
This trend is widely used to compare economic output and living standards across countries.
Key Facts
- The Czech Republic's output-side real GDP was $434.3 billion in 2021.
- GDP per capita in the Czech Republic was $40,577 in 2021, based on PPP.
- The Czech economy grew by 3.3% in 2021 after the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the real gross domestic product (GDP) of the Czech Republic, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: The output-side real GDP at current PPPs provides a comprehensive assessment of the overall economic output and activity in the Czech Republic, which is crucial for comparing economic performance and living standards across countries.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and price data.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and international organizations to compare economic output and living standards across countries, which informs policy decisions and economic analysis.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of several months, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Output-side Real GDP at Current Purchasing Power Parities for Czech Republic (CGDPOSCZA666NRUG), retrieved from FRED.