Czech Republic - Imports of Goods and Services





Czech Republic: Imports of Goods and Services

Mnemonic IM.ICZE
Unit Mil. CZK, CDASA
Adjustments Calendar Adjusted and Seasonally Adjusted
Quarterly 0.15 %
Data 2019 Q3 982,627
2019 Q2 981,154

Series Information

Source The Czech Statistical Office (CZSO)
Release National accounts
Frequency Quarterly
Start Date 3/31/1995
End Date 9/30/2019

Czech Republic: Trade

Reference Last Previous Units Frequency
Balance of Goods Oct 2019 41,693 55,472 Millions of Czech Korunas, NSA Monthly
Exports of Goods Oct 2019 422,190 408,083 Millions of Czech Korunas, NSA Monthly
Imports of Goods Oct 2019 380,496 352,610 Millions of Czech Korunas, NSA Monthly
Current Account Balance 2019 Q3 -58,423 31,241 Mil. CZK, NSA Quarterly
Exports of Goods and Services 2019 Q3 1,074,793 1,081,570 Mil. CZK, CDASA Quarterly
Imports of Goods and Services 2019 Q3 982,627 981,154 Mil. CZK, CDASA Quarterly
Real Exports of Goods and Services 2019 Q3 1,017,875 1,022,406 Mil. Ch. 2010 CZK, CDASA Quarterly
Real Imports of Goods and Services 2019 Q3 941,884 937,914 Mil. Ch. 2010 CZK, CDASA Quarterly

Release Information

Gross domestic product (GDP) is the key indicator of the economic development. It represents the sum of values added by all branches of activities which are considered productive in the system of national accounts (including market and non-market services). Calculations are made at current prices and results are then converted into constant prices so that development excluding influences due to price changes can be kept track of.

Increase (or decrease) of GDP in constant prices shows by how many % it increased (or decreased) in real terms during surveyed quarter against the same quarter of the previous year.

GDP is compiled independently using two computational methods – the production approach and the expenditure approach. The income approach is not involved in the balancing process because gross operating surplus (including mixed income) is derived as a residual item. Differences between results of both approaches are removed in the balancing process.

Within every regular quarterly estimate, revisions of results for previous preiods are made. Quarters of the current year may be corrected on the basis of more complete and updated quarterly data sources. Moreover, revisions due to compilation of annual national accounts are made twice a year. Within every estimate for 1st quarter (published in June), quarters of the year T-3 are corrected due to definitive version of annual accouts and quarters of the year T-2 are corrected due to semi-definitive version of annual accounts. Within every estimate for 3rd quarter (published in December), quarters of the year T-1 are corrected due to preliminary version of annual accounts. No revisions are released within preliminary quarterly estimates.

Moody's Analytics seasonally adjusts the data and makes this available along with the data as published by the national source.