The Czech economy expanded 2.4 percent year-on-year in the third quarter of 2018, the same as in the previous period and slightly above the preliminary estimate of a 2.3 percent growth. It remains the weakest pace of expansion since the last quarter of 2016. Positive contributions to growth came from household spending (3.1% compared to 3.2% in Q2), gross capital formation (3.3% compared to 2.9%) and public expenditure (5.3% compared to 2.9%). Additionally, both exports (4.5% compared to 3.7%) and imports (6.2% compared to 4.7%) rose faster than in the previous quarter. 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 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% 2.4% 2.3%
2019-02-15 08:00 AM GDP Growth Rate YoY Prel 2.4% 2.50%
2019-03-01 08:00 AM GDP Growth Rate YoY Final 2.4% 2.50%
2019-05-15 07:00 AM GDP Growth Rate YoY Prel 2.90%


Czech Republic GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.60 0.70 2.30 -3.50 percent [+]
GDP Annual Growth Rate 2.40 2.40 7.30 -5.60 percent [+]
GDP 215.73 195.31 235.72 4.90 USD Billion [+]
GDP Constant Prices 1187.80 1181.04 1187.80 682.73 CZK Billion [+]
Gross National Product 4735267.00 4467763.00 4735267.00 627979.00 CZK MN [+]
Gross Fixed Capital Formation 323.71 317.92 323.71 178.25 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 17236.00 17345.00 20831.00 13106.00 CZK Million [+]
GDP From Construction 59781.00 59280.00 80479.00 47313.00 CZK Million [+]
GDP From Manufacturing 287289.00 286420.00 287289.00 85660.00 CZK Million [+]
GDP From Public Administration 143730.00 144003.00 144003.00 121367.00 CZK Million [+]
GDP From Services 202938.00 202930.00 202938.00 105230.00 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 December of 2018.

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




Country Last Previous
India 7.10 Sep/18
China 6.50 Sep/18
Indonesia 5.17 Sep/18
United States 3.00 Sep/18
Australia 2.80 Sep/18
Mexico 2.50 Sep/18
Spain 2.50 Sep/18
Netherlands 2.40 Sep/18
Switzerland 2.40 Sep/18
Singapore 2.20 Sep/18
South Korea 2.00 Sep/18
Canada 1.90 Jun/18
Saudi Arabia 1.61 Jun/18
Euro Area 1.60 Sep/18
Turkey 1.60 Sep/18
Russia 1.50 Sep/18
United Kingdom 1.50 Sep/18
France 1.40 Sep/18
Brazil 1.30 Sep/18
Germany 1.10 Sep/18
South Africa 1.10 Sep/18
Italy 0.70 Sep/18
Japan 0.00 Sep/18
Argentina -4.20 Jun/18


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