On a seasonally adjusted quarterly basis, the gross domestic product advanced 0.6 percent, down from a 0.7 percent growth in the prior period and well above the preliminary estimate of 0.4 percent. GDP Growth Rate in Czech Republic averaged 0.62 percent from 1996 until 2018, reaching an all time high of 2.40 percent in the second quarter of 2017 and a record low of -3.50 percent in the first quarter of 2009.
GDP Growth Rate in Czech Republic is expected to be 0.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Czech Republic to stand at 0.50 in 12 months time. In the long-term, the Czech Republic GDP Growth Rate is projected to trend around 0.50 percent in 2020, according to our econometric models.