Production: Construction: Total for Slovak Republic
SVKPRCNTO01GYSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.75
Year-over-Year Change
-117.42%
Date Range
1/1/1993 - 5/1/2025
Summary
This trend measures the total production in the construction sector of the Slovak Republic, providing insight into the overall health and activity of the country's construction industry.
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
The Production: Construction: Total for Slovak Republic trend tracks the volume of construction output in the Slovak Republic, a key indicator of economic activity and investment in the built environment. It is used by economists, policymakers, and industry analysts to assess the performance and trajectory of the construction sector.
Methodology
The data is collected through surveys of construction companies and reported by the Statistical Office of the Slovak Republic.
Historical Context
This trend is relevant for understanding the construction industry's contribution to the Slovak economy and its implications for employment, investment, and overall economic growth.
Key Facts
- The construction sector accounts for approximately 6% of Slovakia's GDP.
- Construction activity in Slovakia has seen significant growth since the early 2000s.
- The construction industry employs around 7% of the total workforce in Slovakia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total production output of the construction sector in the Slovak Republic, providing insight into the overall activity and performance of the country's construction industry.
Q: Why is this trend relevant for users or analysts?
A: The construction sector is a key driver of economic growth, and this trend is used by economists, policymakers, and industry analysts to assess the health and trajectory of the construction industry in Slovakia.
Q: How is this data collected or calculated?
A: The data is collected through surveys of construction companies and reported by the Statistical Office of the Slovak Republic.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and economists to monitor the construction industry's contribution to the Slovak economy and to inform decisions related to infrastructure investment, housing policy, and overall economic development.
Q: Are there update delays or limitations?
A: The data is published on a regular basis by the Statistical Office of the Slovak Republic, but there may be occasional delays in reporting or revisions to historical data.
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Citation
U.S. Federal Reserve, Production: Construction: Total for Slovak Republic (SVKPRCNTO01GYSAM), retrieved from FRED.