The Gross Domestic Product (GDP) in Czech Republic expanded 8.20 percent in the second quarter of 2021 over the same quarter of the previous year. source: Czech Statistical Office

GDP Annual Growth Rate in Czech Republic averaged 2.24 percent from 1997 until 2021, reaching an all time high of 8.20 percent in the second quarter of 2021 and a record low of -10.80 percent in the second quarter of 2020. 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 - data, historical chart, forecasts and calendar of releases - was last updated on October of 2021.

GDP Annual Growth Rate in Czech Republic is expected to be 4.00 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 Annual Growth Rate is projected to trend around 3.50 percent in 2022 and 2.50 percent in 2023, according to our econometric models.

Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
Czech Republic GDP Annual Growth Rate

Calendar GMT Actual Previous Consensus TEForecast
2021-04-30 07:00 AM YoY Prel Q1 -2.1% -4.8% -2.6% -2.9%
2021-06-01 07:00 AM YoY Final Q1 -2.1% -4.8% -2.1%
2021-07-30 07:00 AM YoY Prel Q2 7.8% -2.4% 9.1% 8.7%
2021-08-31 07:00 AM YoY Final Q2 8.2% -2.5% 7.8% 7.8%
2021-10-29 07:00 AM YoY Prel Q3 8.2% 4%
2021-12-01 08:00 AM YoY Final Q3 8.2%

Czech Republic Last Unit Reference Previous Highest Lowest
GDP Growth Rate 1.00 percent Jun/21 -0.30 7.10 -8.70
GDP Annual Growth Rate 8.20 percent Jun/21 -2.50 8.20 -10.80
GDP Constant Prices 1275.08 CZK Billion Jun/21 1262.15 1325.95 734.16
Gross National Product 5181108.00 CZK Million Dec/20 5402231.00 5402231.00 627979.00
Gross Fixed Capital Formation 345.70 CZK Billion Jun/21 331.76 358.67 193.06
GDP From Services 197676.00 CZK Million Jun/21 191010.00 227419.00 109685.00
GDP From Public Administration 167782.00 CZK Million Jun/21 166400.00 169278.00 134183.00
GDP From Manufacturing 330306.00 CZK Million Jun/21 326623.00 333022.00 101114.00
GDP From Construction 51048.00 CZK Million Jun/21 50790.00 72127.00 44992.00
GDP From Agriculture 30540.00 CZK Million Jun/21 31530.00 31676.00 20345.00

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.