Balance of Payments: Current Account: Balance (Revenue Minus Expenditure) for Czechia
CZEB6BLTT01CXCUSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,797,503,000.00
Year-over-Year Change
-318.67%
Date Range
1/1/1993 - 10/1/2024
Summary
The Balance of Payments: Current Account: Balance (Revenue Minus Expenditure) for Czechia measures the difference between the country's total earnings from international trade and investment, and its total payments.
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 Czechia's net position in international transactions, including trade in goods and services, income flows, and unilateral transfers. It's a key indicator of a country's economic health and global competitiveness.
Methodology
The data is collected by the Czech National Bank through surveys and administrative records.
Historical Context
Policymakers and analysts use this metric to assess Czechia's external balance and competitiveness.
Key Facts
- Czechia's current account balance was 3.3% of GDP in 2021.
- The current account has been in surplus since 2014.
- Czechia's main trade partners are Germany, Slovakia, and Poland.
FAQs
Q: What does this economic trend measure?
A: The Balance of Payments: Current Account: Balance (Revenue Minus Expenditure) for Czechia measures the difference between the country's total earnings from international trade and investment, and its total payments.
Q: Why is this trend relevant for users or analysts?
A: This metric represents Czechia's net position in international transactions, providing insights into the country's economic health and global competitiveness.
Q: How is this data collected or calculated?
A: The data is collected by the Czech National Bank through surveys and administrative records.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Czechia's external balance and competitiveness.
Q: Are there update delays or limitations?
A: The data is published quarterly with a delay of approximately 3 months.
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Citation
U.S. Federal Reserve, Balance of Payments: Current Account: Balance (Revenue Minus Expenditure) for Czechia (CZEB6BLTT01CXCUSAQ), retrieved from FRED.