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.

Czech Republic GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2017-06-30 07:00 AM GDP Growth Rate YoY Final 3% 1.9%
2017-08-16 07:00 AM GDP Growth Rate YoY Prel 4.5% 3% 2.9% 3.2%
2017-09-01 07:00 AM GDP Growth Rate YoY Final 4.7% 3% 4.5% 4.5%
2017-11-14 08:00 AM GDP Growth Rate YoY Prel 4.7% 3.3%
2017-12-01 08:00 AM GDP Growth Rate YoY Final 4.7% 3.3%


Czech Republic GDP Last Previous Highest Lowest Unit
GDP Growth Rate 2.50 1.50 2.50 -3.50 percent [+]
GDP Annual Growth Rate 4.70 3.00 7.30 -5.60 percent [+]
GDP 192.92 185.16 235.20 4.90 USD Billion [+]
GDP Constant Prices 1155.66 1127.71 1155.66 682.71 CZK Billion [+]
Gross National Product 4467763.00 4255247.00 4467763.00 627979.00 CZK MN [+]
Gross Fixed Capital Formation 304.87 286.71 304.87 178.10 CZK Billion [+]
GDP per capita 21707.49 21224.63 21707.49 12277.44 USD [+]
GDP per capita PPP 31071.75 30380.59 31071.75 17573.73 USD [+]
GDP From Agriculture 20407.00 20315.00 20562.00 13521.00 CZK Million [+]
GDP From Construction 60174.00 58647.00 80724.00 47136.00 CZK Million [+]
GDP From Manufacturing 279402.00 270030.00 279402.00 85705.00 CZK Million [+]
GDP From Public Administration 139445.00 139173.00 139445.00 121233.00 CZK Million [+]
GDP From Services 195058.00 186573.00 195058.00 104382.00 CZK Million [+]


Czech Republic GDP Annual Growth Rate

Czech Republic has one of the most developed industrialized economies among the emerging democracies in central and eastern Europe. On the expenditure side, 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 September of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
4.70 3.00 7.30 -5.60 1997 - 2017 percent Quarterly




gdp annual growth rate by Country

Last
China 6.90 Jun/17
India 5.70 Jun/17
Turkey 5.10 Jun/17
Indonesia 5.01 Jun/17
Canada 3.70 Jun/17
Netherlands 3.30 Jun/17
Spain 3.10 Jun/17
South Korea 2.70 Jun/17
Russia 2.50 Jun/17
Euro Area 2.30 Jun/17
United States 2.20 Jun/17
Germany 2.10 Jun/17
Australia 1.80 Jun/17
France 1.80 Jun/17
Mexico 1.80 Jun/17
United Kingdom 1.70 Jun/17
Italy 1.50 Jun/17
Japan 1.40 Jun/17
Brazil 0.30 Jun/17
Switzerland 0.30 Jun/17