The Czech economy expanded 2.3 percent year-on-year in the third quarter of 2018, slowing from a 2.4 percent advance in the previous period and well below market expectations of a 2.5 percent growth, the preliminary estimate showed. It was the weakest pace of expansion since the last quarter of 2016. Positive contributions to growth came from households consumption; government expenditure and net trade. On a seasonally adjusted quarterly basis, the gross domestic product advanced 0.4 percent, down from a 0.7 percent growth in the prior period and missing market forecasts of 0.7 percent. GDP Annual Growth Rate in Czech Republic averaged 2.52 percent from 1997 until 2018, 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.

GDP Annual Growth Rate in Czech Republic is expected to be 3.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Czech Republic to stand at 3.20 in 12 months time. In the long-term, the Czech Republic GDP Annual Growth Rate is projected to trend around 3.20 percent in 2020, according to our econometric models.

Czech Republic GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-08-14 07:00 AM GDP Growth Rate YoY Prel 2.3% 4.2% 2.6% 3.2%
2018-08-31 07:00 AM GDP Growth Rate YoY Final 2.4% 4.2% 2.3% 2.3%
2018-11-14 08:00 AM GDP Growth Rate YoY Prel 2.3% 2.4% 2.5% 2.8%
2018-11-30 08:00 AM GDP Growth Rate YoY Final 2.4% 2.3%


Czech Republic GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.40 0.70 2.40 -3.50 percent [+]
GDP Annual Growth Rate 2.30 2.40 7.30 -5.60 percent [+]
GDP 215.73 195.31 235.72 4.90 USD Billion [+]
GDP Constant Prices 1181.33 1177.19 1181.33 682.71 CZK Billion [+]
Gross National Product 4735267.00 4467763.00 4735267.00 627979.00 CZK MN [+]
Gross Fixed Capital Formation 315.71 317.87 317.87 178.10 CZK Billion [+]
GDP per capita 22779.29 21894.11 22779.29 12313.04 USD [+]
GDP per capita PPP 32605.91 31338.88 32605.91 17624.68 USD [+]
GDP From Agriculture 17277.00 20808.00 20808.00 13521.00 CZK Million [+]
GDP From Construction 58978.00 62853.00 80724.00 47136.00 CZK Million [+]
GDP From Manufacturing 287180.00 286170.00 287180.00 85705.00 CZK Million [+]
GDP From Public Administration 143998.00 141453.00 143998.00 121233.00 CZK Million [+]
GDP From Services 202696.00 195896.00 202696.00 104382.00 CZK Million [+]


Czech Republic GDP Annual 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 Annual 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 Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.30 2.40 7.30 -5.60 1997 - 2018 percent Quarterly




Country Last
India 8.20 Jun/18
China 6.50 Sep/18
Turkey 5.20 Jun/18
Indonesia 5.17 Sep/18
Australia 3.40 Jun/18
Switzerland 3.40 Jun/18
United States 3.00 Sep/18
Mexico 2.60 Sep/18
Singapore 2.60 Sep/18
Spain 2.50 Sep/18
Netherlands 2.40 Sep/18
South Korea 2.00 Sep/18
Canada 1.90 Jun/18
Euro Area 1.70 Sep/18
Saudi Arabia 1.61 Jun/18
France 1.50 Sep/18
United Kingdom 1.50 Sep/18
Russia 1.30 Sep/18
Germany 1.10 Sep/18
Brazil 1.00 Jun/18
Italy 0.80 Sep/18
South Africa 0.40 Jun/18
Japan 0.30 Sep/18
Argentina -4.20 Jun/18


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