Markets Actual Q4 Q1 Q2 Q3 2022
Currency 22.06 22.01 22.15 22.3 22.44 22.74
Stock Market (points) 1341.06 1333 1305 1278 1251 1199
Government Bond 10Y (%) 2.58 2.51 2.57 2.63 2.7 2.83

Overview Actual Q4 Q1 Q2 Q3 2022
GDP Growth Rate (%) 1.00 1 1 0.8 0.7 0.7
GDP Annual Growth Rate (%) 8.20 4.3 5.3 5.1 3.3 3.5
Unemployment Rate (%) 3.50 3.7 3.6 3.3 3.3 3.5
Inflation Rate (%) 4.90 3.3 2.5 2.5 2.5 2.2
Inflation Rate Mom (%) 0.20 0.1 0.1 0.3 0.3 0.2
Interest Rate (%) 1.50 1.75 2 2 2.25 2.25
Balance of Trade (CZK Million) -28060.00 6000 22000 28000 28000 5500
Current Account (EUR Million) 1075.52 -1100 -1100 -1100 -1100 -1100
Current Account to GDP (% of GDP) 3.60 -0.4 -0.7 -0.7 -0.7 -0.7
Government Debt to GDP (% of GDP) 38.10 44.5 47.3 47.3 47.3 47.3
Government Budget (% of GDP) -6.20 -7.9 -6.5 -6.5 -6.5 -6.5
Business Confidence (points) 95.30 102 102 103 103 103
Manufacturing PMI (points) 58.00 56 54.8 54.2 54.2 53.5
Consumer Confidence (points) 100.70 110 112 112 112 115
Retail Sales MoM (%) 0.30 0.3 0.3 0.4 0.4 0.4
Corporate Tax Rate (%) 19.00 19 19 19 19 19
Personal Income Tax Rate (%) 23.00 22 22 23 23 23

GDP Actual Q4 Q1 Q2 Q3 2022
GDP Growth Rate (%) 1.00 1 1 0.8 0.7 0.7
GDP Annual Growth Rate (%) 8.20 4.3 5.3 5.1 3.3 3.5
GDP (USD Billion) 243.53 230 230 230 230 243
GDP Constant Prices (CZK Billion) 1275.08 1315 1322 1329 1340 1368
Gross National Product (CZK Million) 5181108.00 5184382 5403896 5455707 5445345 5593032
Gross Fixed Capital Formation (CZK Billion) 345.70 361 345 349 363 357
GDP per capita (USD) 22843.04 23100 23100 23100 23100 23900
GDP per capita PPP (USD) 38319.34 39800 39800 39800 39800 40500
GDP From Agriculture (CZK Million) 30540.00 18941 32424 33201 32098 33559
GDP From Construction (CZK Million) 51048.00 66488 52344 53482 53651 54176
GDP From Manufacturing (CZK Million) 330306.00 320546 339394 343934 347152 351273
GDP From Public Administration (CZK Million) 167782.00 159011 176557 175219 176339 182736
GDP From Services (CZK Million) 197676.00 226315 200902 201134 207757 207933

Labour Actual Q4 Q1 Q2 Q3 2022
Unemployment Rate (%) 3.50 3.7 3.6 3.3 3.3 3.5
Labour Costs (points) 130.82 130 136 135 133 139
Wages (CZK/Month) 38275.00 36584 39664 36061 38849 40577
Wages in Manufacturing (CZK/Month) 36554.00 36230 37587 34577 37102 38451
Minimum Wages (EUR/Month) 596.36 585 595 595 595 600
Population (Million) 10.70 10.72 10.72 10.74 10.74 10.74
Retirement Age Women 63.83 63.83 64 64 64 64
Retirement Age Men 63.83 63.83 64 64 64 64
Wage Growth (%) 8.20 2.8 2.2 1.5 1.5 2.3

Prices Actual Q4 Q1 Q2 Q3 2022
Inflation Rate (%) 4.90 3.3 2.5 2.5 2.5 2.2
Inflation Rate Mom (%) 0.20 0.1 0.1 0.3 0.3 0.2
Consumer Price Index CPI (points) 117.40 116 117 118 120 118
Core Inflation Rate (%) 5.82 5.2 4.9 3.9 1.8 1.6
Producer Prices (points) 113.20 114 115 115 116 116
Producer Prices Change (%) 9.90 10.5 7.7 5.6 2.8 1.7
CPI Housing Utilities (points) 119.70 118 118 119 123 120
CPI Transportation (points) 115.60 116 116 116 117 117
Food Inflation (%) 1.90 1.6 2 2.1 2.1 2.2

Money Actual Q4 Q1 Q2 Q3 2022
Interest Rate (%) 1.50 1.75 2 2 2.25 2.25
Interbank Rate (%) 0.17 0.42 0.67 0.67 0.92 0.92
Deposit Interest Rate (%) 0.50 0.75 1 1 1.25 1.25
Lending Rate (%) 2.50 2.75 3 3 3.25 3.25
Cash Reserve Ratio (%) 2.00 2 2 2 2 2

Trade Actual Q4 Q1 Q2 Q3 2022
Balance of Trade (CZK Million) -28060.00 6000 22000 28000 28000 5500
Current Account (EUR Million) 1075.52 -1100 -1100 -1100 -1100 -1100
Current Account to GDP (% of GDP) 3.60 -0.4 -0.7 -0.7 -0.7 -0.7
Imports (CZK Million) 305534.00 307000 347000 330000 330000 309500
Exports (CZK Million) 277474.00 313000 369000 358000 358000 315000
External Debt (EUR Million) 164170.00 171500 172500 174500 174500 177700

Government Actual Q4 Q1 Q2 Q3 2022
Government Debt to GDP (% of GDP) 38.10 44.5 47.3 47.3 47.3 47.3
Government Budget (% of GDP) -6.20 -7.9 -6.5 -6.5 -6.5 -6.5
Government Spending (CZK Billion) 256.50 248 270 271 270 279
Government Spending to GDP (% of GDP) 47.50 48.1 45 45 45 45

Taxes Actual Q4 Q1 Q2 Q3 2022
Corporate Tax Rate (%) 19.00 19 19 19 19 19
Personal Income Tax Rate (%) 23.00 22 22 23 23 23
Sales Tax Rate (%) 21.00 21 21 21 21 21
Social Security Rate (%) 44.80 45 45 44.8 44.8 44.8
Social Security Rate For Companies (%) 33.80 34 34 33.8 33.8 33.8
Social Security Rate For Employees (%) 11.00 11 11 11 11 11

Business Actual Q4 Q1 Q2 Q3 2022
Business Confidence (points) 95.30 102 102 103 103 103
Manufacturing PMI (points) 58.00 56 54.8 54.2 54.2 53.5
Industrial Production (%) -1.40 3.2 2.1 4 2.7 3.8
Industrial Production Mom (%) -3.20 0.5 0.5 0.2 0.4 0.5

Consumer Actual Q4 Q1 Q2 Q3 2022
Consumer Confidence (points) 100.70 110 112 112 112 115
Retail Sales MoM (%) 0.30 0.3 0.3 0.4 0.4 0.4
Retail Sales YoY (%) 5.10 1.5 2.1 1.9 1.9 2.2
Consumer Spending (CZK Billion) 591.46 617 582 585 622 602
Consumer Credit (CZK Million) 273921.50 275863 277050 283179 282961 285518
Gasoline Prices (USD/Liter) 1.60 1.52 1.44 1.37 1.3 1.24

Housing Actual Q4 Q1 Q2 Q3 2022
Construction Output (%) 1.20 10.8 2.5 1.5 2.2 2.8


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.