The Czech quarterly economic growth was revised higher to 0.7 percent in the second quarter of 2019 from a preliminary estimate of 0.6 percent and compared to the previous period's expansion of 0.6 percent. Household consumption advanced 0.7 percent (vs 1.1 percent in Q1) and government spending increased 1.2 percent (vs 0.6 percent in Q1). In addition, net external demand contributed positively to the GDP growth as exports rose 1.7 percent (vs -1.6 percent in Q1) while imports dropped 0.4 percent (vs -0.2 percent in Q1). Meanwhile, fixed investment continued to contract (-0.6 percent vs -0.3 percent). On the production side, the highest contribution to the growth came from construction (1.9 percent) and information and communication (2.7 percent), while manufacturing shrank 0.3 percent. Year-on-year, the economy expanded 2.7 percent. GDP Growth Rate in Czech Republic averaged 0.59 percent from 1995 until 2019, 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 0.40 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 0.40 in 12 months time. In the long-term, the Czech Republic GDP Growth Rate is projected to trend around 0.60 percent in 2020, according to our econometric models.

Czech Republic GDP Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-05-15 07:00 AM GDP Growth Rate QoQ Prel Q1 0.5% 0.8% 0.4% 0.5%
2019-05-31 07:00 AM GDP Growth Rate QoQ Final Q1 0.6% 0.8% 0.5% 0.5%
2019-08-14 07:00 AM GDP Growth Rate QoQ Prel Q2 0.6% 0.6% 0.5% 0.6%
2019-08-30 07:00 AM GDP Growth Rate QoQ Final Q2 0.7% 0.6% 0.6% 0.6%
2019-11-14 08:00 AM GDP Growth Rate QoQ Prel Q3 0.7% 0.4%
2019-11-29 08:00 AM GDP Growth Rate QoQ Final Q3 0.7% 0.4%


Czech Republic GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.70 0.60 2.40 -3.50 percent [+]
GDP Annual Growth Rate 2.70 2.70 7.30 -5.60 percent [+]
GDP 244.11 215.91 244.11 4.90 USD Billion [+]
GDP Constant Prices 1214.74 1206.86 1214.74 682.68 CZK Billion [+]
Gross National Product 5031916.00 4737022.00 5031916.00 627979.00 CZK MN [+]
Gross Fixed Capital Formation 315.54 317.54 318.46 178.53 CZK Billion [+]
GDP per capita 23344.20 22754.80 23344.20 12313.04 USD [+]
GDP per capita PPP 33414.46 32570.78 33414.46 17624.68 USD [+]
GDP From Agriculture 18738.00 18577.00 20854.00 13122.00 CZK Million [+]
GDP From Construction 60616.00 59478.00 80601.00 47500.00 CZK Million [+]
GDP From Manufacturing 285481.00 286318.00 286318.00 86164.00 CZK Million [+]
GDP From Public Administration 146824.00 145730.00 146824.00 121087.00 CZK Million [+]
GDP From Services 212497.00 210623.00 212497.00 104815.00 CZK Million [+]


Czech Republic GDP Growth Rate

In Czech Republic, household consumption is the main component of GDP and accounts for 49 percent of its total use, followed by gross fixed capital formation (25 percent) and government expenditure (19 percent). Exports of goods and services account for 84 percent of GDP while imports account for 77 percent, adding 7 percent of total GDP. 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 - actual data, historical chart and calendar of releases - was last updated on October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.70 0.60 2.40 -3.50 1995 - 2019 percent Quarterly
SA




Country Last Previous
Indonesia 4.20 Jun/19
South Africa 3.10 Jun/19
United States 2.00 Jun/19
China 1.50 Sep/19
Turkey 1.20 Jun/19
India 1.00 Jun/19
South Korea 1.00 Jun/19
Canada 0.90 Jun/19
Singapore 0.60 Sep/19
Australia 0.50 Jun/19
Brazil 0.40 Jun/19
Netherlands 0.40 Jun/19
Spain 0.40 Jun/19
France 0.30 Jun/19
Japan 0.30 Jun/19
Switzerland 0.30 Jun/19
Euro Area 0.20 Jun/19
Russia 0.20 Jun/19
Italy 0.00 Jun/19
Mexico 0.00 Jun/19
Germany -0.10 Jun/19
United Kingdom -0.20 Jun/19
Argentina -0.30 Jun/19
Saudi Arabia -1.30 Mar/19


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