The Gross Domestic Product (GDP) in Czech Republic expanded 4.80 percent year-on-year in the first quarter of 2022, follwing a 3.6 percent expansion in the previous quarter and beating preliminary estimates of 4.6 percent. Growth was supported mainly by the final consumption expenditure of households, gross capital formation, and change in inventories. On the contrary, external demand had a negative influence. source: Czech Statistical Office
GDP Annual Growth Rate in Czech Republic averaged 2.30 percent from 1997 until 2022, reaching an all time high of 8.70 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 June of 2022.
GDP Annual Growth Rate in Czech Republic is expected to be 2.00 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 4.00 percent in 2023 and 2.50 percent in 2024, according to our econometric models.