Markets Actual Q3 Q4 Q1 Q2 2020
Currency 23.16 23.34 23.47 23.6 23.74 24.01
Stock Market (points) 1045.55 1007 999 990 982 966
Government Bond 10Y (%) 1.09 1.24 1.27 1.3 1.33 1.38
Overview Actual Q3 Q4 Q1 Q2 2020
GDP Growth Rate (%) 0.60 0.4 0.3 0.4 0.4 0.3
GDP Annual Growth Rate (%) 2.70 2.5 1.9 2 2.2 2.7
Unemployment Rate (%) 2.70 2.7 2.9 3.2 3.4 4
Inflation Rate (%) 2.90 3 3.1 2.3 2.4 2.2
Inflation Rate Mom (%) 0.40 -0.1 0.1 0.1 0.3 0.2
Interest Rate (%) 2.00 2 2 2 2.25 2.5
Balance of Trade (CZK Million) 45374.00 40000 10000 54000 38000 7000
Current Account (EUR Million) 1730.90 -1000 500 2550 200 -100
Current Account to GDP (%) 0.30 -0.5 -0.5 -1 -1 -1
Government Debt to GDP (%) 32.70 31.5 31.5 30.5 30.5 30.5
Government Budget (% of GDP) 0.90 0.2 0.2 -0.2 -0.2 -0.2
Business Confidence (Index Points) 92.70 94 94.5 95 95.5 96.5
Manufacturing PMI 43.10 47.2 49.5 50 51.5 53
Consumer Confidence (Index Points) 106.40 107 107 109 110 110
Retail Sales MoM (%) 1.70 0.4 0.5 0.6 0.4 0.4
Corporate Tax Rate (%) 19.00 19 19 19 19 19
Personal Income Tax Rate (%) 22.00 22 22 22 22 22
GDP Actual Q3 Q4 Q1 Q2 2020
GDP Growth Rate (%) 0.60 0.4 0.3 0.4 0.4 0.3
GDP Annual Growth Rate (%) 2.70 2.5 1.9 2 2.2 2.7
GDP (USD Billion) 244.11 247 247 260 260 260
GDP Constant Prices (CZK Billion) 1205.21 1218 1221 1229 1232 1254
Gross National Product (CZK MN) 5031916.00 4853649 5127522 5132554 5142618 5265966
Gross Fixed Capital Formation (CZK Billion) 323.61 338 336 330 331 345
GDP per capita (USD) 23344.20 23500 23500 24500 24500 24500
GDP per capita PPP (USD) 33414.46 34100 34100 34800 34800 34800
GDP From Agriculture (CZK Million) 16296.00 17718 17639 16622 16655 18115
GDP From Construction (CZK Million) 60482.00 61782 61880 61692 61813 63551
GDP From Manufacturing (CZK Million) 295607.00 295451 298378 301519 302110 306435
GDP From Public Administration (CZK Million) 145589.00 147508 146667 148501 148792 150627
GDP From Services (CZK Million) 208147.00 208514 210544 212310 212726 216228
Labour Actual Q3 Q4 Q1 Q2 2020
Unemployment Rate (%) 2.70 2.7 2.9 3.2 3.4 4
Wages (CZK/Month) 32466.00 33205 34821 34821 33505 35692
Wages in Manufacturing (CZK/Month) 31798.00 32722 34484 34484 32816 35346
Minimum Wages (EUR/Month) 518.97 519 519 519 525 525
Population (Million) 10.61 10.65 10.65 10.67 10.67 10.67
Retirement Age Women 62.67 62.67 63.17 63.67 63.67 63.67
Retirement Age Men 63.33 63.33 63.5 63.67 63.67 63.67
Living Wage Family (CZK/Month) 20500.00 22020 21094 21094 21156 21622
Wage Growth (%) 4.60 4.5 3.9 3.2 2.8 2.5
Wages Low Skilled (CZK/Month) 15700.00 15383 16155 16155 16202 16559
Wages High Skilled (CZK/Month) 35400.00 33926 36427 36427 36533 37337
Prices Actual Q3 Q4 Q1 Q2 2020
Inflation Rate (%) 2.90 3 3.1 2.3 2.4 2.2
Inflation Rate Mom (%) 0.40 -0.1 0.1 0.1 0.3 0.2
Consumer Price Index CPI (Index Points) 108.90 109 109 110 111 112
Core Consumer Prices (Index Points) 109.78 110 110 111 111 112
Producer Prices (Index Points) 103.20 103 103 103 105 103
Producer Prices Change (%) 2.10 2.1 2 1.9 2.1 1.9
CPI Housing Utilities (Index Points) 111.10 109 111 112 114 113
CPI Transportation (Index Points) 105.80 108 108 107 109 110
Food Inflation (%) 4.10 1.7 1.9 2 2.5 2.2
Money Actual Q3 Q4 Q1 Q2 2020
Interest Rate (%) 2.00 2 2 2 2.25 2.5
Interbank Rate (%) 0.17 0.17 0.17 0.17 0.42 0.42
Deposit Interest Rate (%) 1.00 1 1 1 1.25 1.25
Lending Rate (%) 3.00 3 3 3 3.25 3.25
Trade Actual Q3 Q4 Q1 Q2 2020
Balance of Trade (CZK Million) 45374.00 40000 10000 54000 38000 7000
Current Account (EUR Million) 1730.90 -1000 500 2550 200 -100
Current Account to GDP (%) 0.30 -0.5 -0.5 -1 -1 -1
Imports (CZK Million) 317029.00 337000 318000 332000 356000 329000
Exports (CZK Million) 362402.00 377000 328000 386000 394000 336000
Government Actual Q3 Q4 Q1 Q2 2020
Government Debt to GDP (%) 32.70 31.5 31.5 30.5 30.5 30.5
Government Budget (% of GDP) 0.90 0.2 0.2 -0.2 -0.2 -0.2
Government Spending (CZK Billion) 227.61 232 231 232 233 237
Government Spending to GDP (%) 40.80 41.5 41.5 41.9 41.9 41.9
Taxes Actual Q3 Q4 Q1 Q2 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 Q3 Q4 Q1 Q2 2020
Business Confidence (Index Points) 92.70 94 94.5 95 95.5 96.5
Manufacturing PMI 43.10 47.2 49.5 50 51.5 53
Industrial Production (%) -3.80 3.6 3.2 3 3.4 3.4
Industrial Production Mom (%) -2.80 1.4 0.2 0.6 0.8 0.4
Consumer Actual Q3 Q4 Q1 Q2 2020
Consumer Confidence (Index Points) 106.40 107 107 109 110 110
Retail Sales MoM (%) 1.70 0.4 0.5 0.6 0.4 0.4
Retail Sales YoY (%) 4.60 7.9 6.5 6.8 5.5 5.2
Consumer Spending (CZK Billion) 571.97 576 574 583 585 589
Gasoline Prices (USD/Liter) 1.45 1.41 1.38 1.34 1.31 1.31
Housing Actual Q3 Q4 Q1 Q2 2020
Construction Output (%) 1.10 2.3 3.2 2.9 2.5 3.6


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.