Markets Actual Q1 Q2 Q3 Q4 2020
Currency 22.56 22.75 22.91 23.07 23.24 23.57
Stock Market (points) 1021.65 977 969 961 952 936
Government Bond 10Y (%) 1.86 1.92 1.97 2.01 2.06 2.16
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 0.60 0.7 0.6 0.5 0.6 0.5
GDP Annual Growth Rate (%) 2.40 3.3 3.4 3.2 2.8 3.2
Unemployment Rate (%) 3.10 2.4 2.5 2.5 2.5 2.6
Inflation Rate (%) 2.00 2.3 2.2 2.1 2 2
Inflation Rate Mom (%) 0.10 0.2 0.3 0.1 0.2 0.2
Interest Rate (%) 1.75 2 2.25 2.25 2.25 2.5
Balance of Trade (CZK Million) 50378.00 50000 38000 28482 34000 25000
Current Account (EUR Million) -1737.70 3870 -470 -817 -480 -370
Current Account to GDP (%) 1.10 -1 -1 -1 -1 -0.3
Government Debt to GDP (%) 34.60 30.4 30.4 30.4 30.4 29.6
Government Budget (% of GDP) 1.60 1.1 1.1 1.1 1.1 0.9
Business Confidence (Index Points) 96.40 94.2 92.9 98.16 95.6 93.5
Manufacturing PMI 49.70 54.4 54.2 54.1 54.1 53.8
Consumer Confidence (Index Points) 109.20 107 107 107 107 110
Retail Sales MoM (%) 1.00 0.5 0.3 0.4 0.5 0.5
Corporate Tax Rate (%) 19.00 19 19 19 19 19
Personal Income Tax Rate (%) 22.00 22 22 22 22 22
GDP Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 0.60 0.7 0.6 0.5 0.6 0.5
GDP Annual Growth Rate (%) 2.40 3.3 3.4 3.2 2.8 3.2
GDP (USD Billion) 215.73 220 220 220 220 221
GDP Constant Prices (CZK Billion) 1187.80 1186 1194 1200 1221 1260
Gross National Product (CZK MN) 4735267.00 4888358 4893093 4886796 4867854 5023626
Gross Fixed Capital Formation (CZK Billion) 323.71 314 322 327 333 343
GDP per capita (USD) 22779.29 23500 23500 23500 23500 24000
GDP per capita PPP (USD) 32605.91 34100 34100 34100 34100 34800
GDP From Agriculture (CZK Million) 17236.00 17505 17542 17420 17719 18286
GDP From Construction (CZK Million) 59781.00 60457 61296 61694 61455 63421
GDP From Manufacturing (CZK Million) 287289.00 289773 289665 290354 295333 304784
GDP From Public Administration (CZK Million) 143730.00 147299 148899 148329 147754 152483
GDP From Services (CZK Million) 202938.00 203883 205229 205103 208620 215296
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 3.10 2.4 2.5 2.5 2.5 2.6
Wages (CZK/Month) 31516.00 32000 31851 30624 35500 38000
Wages in Manufacturing (CZK/Month) 31057.00 32000 32353 30885 33000 34500
Minimum Wages (EUR/Month) 513.00 513 513 513 513 525
Population (Million) 10.61 10.64 10.64 10.64 10.64 10.66
Retirement Age Women 62.67 63.17 62.67 62.67 63.17 63.67
Retirement Age Men 63.33 63.5 63.33 63.33 63.5 63.67
Living Wage Family (CZK/Month) 20500.00 18039 20075 19625 18300 18800
Wage Growth (%) 6.00 4.5 4 5.36 2.9 2.5
Wages Low Skilled (CZK/Month) 15700.00 15600 15015 15174 15600 16200
Wages High Skilled (CZK/Month) 35400.00 35400 33295 33665 35400 37000
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 2.00 2.3 2.2 2.1 2 2
Inflation Rate Mom (%) 0.10 0.2 0.3 0.1 0.2 0.2
Consumer Price Index CPI (Index Points) 106.00 107 108 108 108 110
Harmonised Consumer Prices (Index Points) 101.60 104 105 104 104 106
Core Consumer Prices (Index Points) 108.11 108 109 110 110 112
Producer Prices (Index Points) 101.00 102 104 104 132 137
Producer Prices Change (%) 2.40 3.1 2.8 2.6 2.4 2.2
CPI Housing Utilities (Index Points) 155.00 153 155 157 158 161
CPI Transportation (Index Points) 106.10 107 110 109 109 112
Food Inflation (%) -0.60 2 2.5 0.16 2.74 3
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 1.75 2 2.25 2.25 2.25 2.5
Interbank Rate (%) 0.17 0.17 0.17 0.17 0.17 0.17
Deposit Interest Rate (%) 0.05 0.05 0.05 0.05 0.05 0.05
Lending Rate (%) 2.75 2.75 2.75 2.75 2.75 2.75
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (CZK Million) 50378.00 50000 38000 28482 34000 25000
Current Account (EUR Million) -1737.70 3870 -470 -817 -480 -370
Current Account to GDP (%) 1.10 -1 -1 -1 -1 -0.3
Imports (CZK Million) 379534.00 379000 354000 327940 322000 344000
Exports (CZK Million) 429912.00 429000 392000 356422 356000 369000
Terms of Trade (Index Points) 100.10 99.56 99.55 99.56 99.56 99.56
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 34.60 30.4 30.4 30.4 30.4 29.6
Government Budget (% of GDP) 1.60 1.1 1.1 1.1 1.1 0.9
Government Budget Value (CZK Million) 24582.55 9583 8567 7420 6377 4416
Government Spending (CZK Billion) 226.60 228 229 234 233 240
Government Spending to GDP (%) 38.80 38.8 38.8 38.8 38.8 38.8
Taxes Actual Q1 Q2 Q3 Q4 2020
Corporate Tax Rate (%) 19.00 19 19 19 19 19
Personal Income Tax Rate (%) 22.00 22 22 22 22 22
Sales Tax Rate (%) 21.00 21 21 21 21 21
Social Security Rate (%) 45.00 45 45 45 45 45
Social Security Rate For Companies (%) 34.00 34 34 34 34 34
Social Security Rate For Employees (%) 11.00 11 11 11 11 11
Business Actual Q1 Q2 Q3 Q4 2020
Business Confidence (Index Points) 96.40 94.2 92.9 98.16 95.6 93.5
Manufacturing PMI 49.70 54.4 54.2 54.1 54.1 53.8
Industrial Production (%) 4.80 3.6 1.71 1.7 3.2 2.5
Industrial Production Mom (%) 0.90 0.4 0.32 0.33 0.5 0.4
Consumer Actual Q1 Q2 Q3 Q4 2020
Consumer Confidence (Index Points) 109.20 107 107 107 107 110
Retail Sales MoM (%) 1.00 0.5 0.3 0.4 0.5 0.5
Retail Sales YoY (%) 6.40 3.7 3.15 3.16 2.6 2.2
Consumer Spending (CZK Billion) 563.48 563 565 569 579 598
Gasoline Prices (USD/Liter) 1.46 1.38 1.34 1.31 1.28 1.28
Housing Actual Q1 Q2 Q3 Q4 2020
Construction Output (%) 0.00 8.3 4.2 2.4 2.2 1.9


This page has economic forecasts for Czech Republic including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Czech Republic economy.