Balance of Payments: Secondary Income: Revenue for Czechia
CZEB6CRSI01CXCUSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
927,825,900.00
Year-over-Year Change
-37.91%
Date Range
1/1/1993 - 10/1/2024
Summary
The Balance of Payments: Secondary Income: Revenue for Czechia tracks international transfers of income and provides insight into the country's financial position relative to the rest of the world.
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 economic indicator represents Czechia's revenue from secondary income, which includes workers' remittances, government transfers, and other private current transfers. It is a key component of the overall balance of payments and helps assess a country's international financial flows.
Methodology
The data is collected and reported by the Czech National Bank.
Historical Context
Policymakers and analysts use this trend to evaluate Czechia's external accounts and financial linkages with the global economy.
Key Facts
- Czechia's secondary income revenue was $9.9 billion in 2021.
- Secondary income accounts for over 3% of Czechia's GDP.
- Remittances from workers abroad are a major component of secondary income.
FAQs
Q: What does this economic trend measure?
A: This trend measures Czechia's revenue from secondary income, which includes workers' remittances, government transfers, and other private current transfers.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into Czechia's international financial flows and helps assess the country's overall balance of payments position.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Czech National Bank.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate Czechia's external accounts and financial linkages with the global economy.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months.
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Citation
U.S. Federal Reserve, Balance of Payments: Secondary Income: Revenue for Czechia (CZEB6CRSI01CXCUSAQ), retrieved from FRED.