Gross Domestic Product for Czech Republic
MKTGDPCZA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
345,036,675,975.05
Year-over-Year Change
64.02%
Date Range
1/1/1990 - 1/1/2024
Summary
The Gross Domestic Product (GDP) for the Czech Republic measures the total value of all goods and services produced within the country. It is a key indicator of economic performance and is closely watched by policymakers and investors.
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
GDP represents the market value of all final goods and services produced in a country over a specific time period. It is a comprehensive metric used to assess the size and growth of a national economy.
Methodology
GDP data for the Czech Republic is collected and calculated by the World Bank using national accounts and statistical surveys.
Historical Context
GDP is a critical input for evaluating economic and fiscal policies, as well as making investment decisions.
Key Facts
- The Czech Republic's GDP was $251.4 billion in 2021.
- GDP per capita in the Czech Republic was $23,700 in 2021.
- The Czech economy grew by 3.3% in 2021 after contracting 5.8% in 2020.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product (GDP) for the Czech Republic measures the total value of all goods and services produced within the country over a specific time period.
Q: Why is this trend relevant for users or analysts?
A: GDP is a key indicator of economic performance and growth, and is closely watched by policymakers, businesses, and investors to assess the health and trajectory of the Czech economy.
Q: How is this data collected or calculated?
A: The GDP data for the Czech Republic is collected and calculated by the World Bank using national accounts and statistical surveys.
Q: How is this trend used in economic policy?
A: GDP is a critical input for evaluating economic and fiscal policies, as well as making investment decisions, as it provides a comprehensive measure of a country's overall economic activity and growth.
Q: Are there update delays or limitations?
A: The GDP data for the Czech Republic is published on a quarterly basis by the World Bank, with some potential for minor delays in data reporting.
Related Trends
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CSCICP02CZM460S
Harmonized Index of Consumer Prices: Household Appliances for Czech Republic
CP0530CZM086NEST
Non-Life Insurance Premium Volume to GDP for Czech Republic
DDDI10CZA156NWDB
Interest Rates: 3-Month or 90-Day Rates and Yields: Interbank Rates: Total for Czech Republic
IR3TIB01CZM156N
National Accounts: GDP by Expenditure: Constant Prices: Exports of Goods and Services for Czech Republic
NAEXKP06CZQ652S
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Czechia
CPALTT01CZM659N
Citation
U.S. Federal Reserve, Gross Domestic Product for Czech Republic (MKTGDPCZA646NWDB), retrieved from FRED.