The Czech Republic's gross domestic product advanced 1.5 percent on quarter in the three months ending September of 2021, following a 1.0 percent increase in the previous period and compared with a preliminary estimate of a 1.4 percent rise. The positive GDP development was supported solely by the domestic demand, with increases in both household consumption (4.3 percent) and government spending (2.6 percent). Meanwhile, fixed investment declined (-3.1 percent). Also, external demand had a negative influence, as exports and imports fell 5.9 percent and 3.3 percent, respectively. On a yearly basis, the economy expanded by 3.1 percent, above an earlier estimate of a 2.8 percent rise. source: Czech Statistical Office
GDP Growth Rate in Czech Republic averaged 0.54 percent from 1995 until 2021, reaching an all time high of 7.10 percent in the third quarter of 2020 and a record low of -8.70 percent in the second quarter of 2020. This page provides the latest reported value for - Czech Republic GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Czech Republic GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on December of 2021.
GDP Growth Rate in Czech Republic is expected to be 1.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Czech Republic GDP Growth Rate is projected to trend around 0.70 percent in 2022 and 0.60 percent in 2023, according to our econometric models.