Gross Domestic Product Per Capita for Czech Republic
PCAGDPCZA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31,706.62
Year-over-Year Change
58.42%
Date Range
1/1/1990 - 1/1/2024
Summary
The Gross Domestic Product (GDP) per capita for the Czech Republic measures the total economic output of the country divided by its population. This metric provides important insights into the overall standard of living and economic development of the nation.
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 per capita is a widely used economic indicator that allows for comparisons of prosperity between countries. It represents the average income or economic output per person and is a key statistic tracked by economists, policymakers, and international institutions.
Methodology
The data is calculated by the World Bank using official national accounts and population statistics.
Historical Context
GDP per capita is a crucial metric for evaluating a country's economic performance and is used to inform policy decisions and investment strategies.
Key Facts
- The Czech Republic's GDP per capita in 2021 was $25,700.
- GDP per capita has grown by over 60% in the Czech Republic since 2000.
- The Czech Republic ranks 30th globally in GDP per capita.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product (GDP) per capita for the Czech Republic measures the total economic output of the country divided by its population.
Q: Why is this trend relevant for users or analysts?
A: GDP per capita is a crucial metric for evaluating a country's economic performance and standard of living, and is used to inform policy decisions and investment strategies.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using official national accounts and population statistics.
Q: How is this trend used in economic policy?
A: GDP per capita is a key statistic tracked by economists, policymakers, and international institutions to assess a country's economic development and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, with a typical delay of 1-2 years.
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Citation
U.S. Federal Reserve, Gross Domestic Product Per Capita for Czech Republic (PCAGDPCZA646NWDB), retrieved from FRED.