Czech Republic GDP Annual Growth Rate  1997-2017 | Data | Chart | Calendar

The Czech economy expanded 4.7 percent year-on-year in the second quarter of 2017, above 3 percent in the previous period and higher than an initial estimate of 4.5 percent. It is the strongest growth rate since the last quarter of 2015, boosted by external trade, investment and household spending. The biggest upward contribution came from net trade (2.1 percentage points) as exports jumped 7.3 percent due to sales of transport, machinery and electrical equipment while imports increased at a slower 6.2 percent. Gross fixed capital formation contributed 1.7 percentage points and surged 7.7 percent; household spending went up 4.4 percent and contributed 1.5 percentage points. Government consumption increased 1.9 percent. On a quarterly basis, the economy advanced 2.5 percent, above a preliminary reading of 2.3 percent. It is the strongest growth rate since at least 1996. GDP Annual Growth Rate in Czech Republic averaged 2.43 percent from 1997 until 2017, reaching an all time high of 7.30 percent in the second quarter of 2006 and a record low of -5.60 percent in the second quarter of 2009.