Production: Mining: Total for Czech Republic
CZEPRMITO01IXOBSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
67.56
Year-over-Year Change
1.40%
Date Range
1/1/1991 - 7/1/2023
Summary
The 'Production: Mining: Total for Czech Republic' trend measures the output of the mining industry in the Czech Republic. This metric is important for economists and policymakers to assess the health and growth of the country's extractive sector.
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 tracks the total production volume from the mining industry in the Czech Republic, including coal, metal ores, and other mineral extraction. It provides insight into the overall performance and trends within this critical industrial segment of the Czech economy.
Methodology
The data is collected through surveys of mining companies and production facilities across the Czech Republic.
Historical Context
Analysts and policymakers use this metric to evaluate the state of the Czech mining industry and its impact on the broader economy.
Key Facts
- Mining accounts for over 3% of Czech GDP.
- Coal is the largest component of Czech mining output.
- Mining employment has declined by 15% in the past decade.
FAQs
Q: What does this economic trend measure?
A: The 'Production: Mining: Total for Czech Republic' metric tracks the overall output and production volume of the mining industry in the Czech Republic, including coal, metal ores, and other mineral extraction.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides important insight into the health and performance of a critical industrial sector in the Czech economy, allowing analysts and policymakers to assess growth, challenges, and trends in the mining industry.
Q: How is this data collected or calculated?
A: The data is collected through surveys of mining companies and production facilities across the Czech Republic.
Q: How is this trend used in economic policy?
A: Economists and government agencies use this metric to evaluate the state of the Czech mining industry and its broader impact on the national economy, which informs policy decisions related to industry regulations, investment, and strategic priorities.
Q: Are there update delays or limitations?
A: There may be some reporting delays, as the data is collected through surveys of mining companies. Additionally, the metric may not capture all informal or small-scale mining activities in the country.
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Citation
U.S. Federal Reserve, Production: Mining: Total for Czech Republic (CZEPRMITO01IXOBSAQ), retrieved from FRED.