Markets Actual Q1 Q2 Q3 Q4 2023
Currency 21.38 21.59 21.72 21.85 21.98 22.25
Stock Market (points) 1437.70 1418 1392 1367 1342 1294
Government Bond 10Y (%) 3.29 3.23 3.31 3.39 3.47 3.65

Overview Actual Q1 Q2 Q3 Q4 2023
GDP Growth Rate (%) 1.50 1 0.8 0.7 0.7 0.6
GDP Annual Growth Rate (%) 3.10 5.3 5.1 3.3 3.5 3.5
Unemployment Rate (%) 3.50 3.6 3.3 3.3 3.5 3.5
Inflation Rate (%) 6.60 4.8 4.1 3.5 2.7 2.3
Inflation Rate Mom (%) 0.40 0.1 0.3 0.3 0.2 0.2
Interest Rate (%) 3.75 4.5 4.75 4.75 4.75 4.75
Balance of Trade (CZK Million) 5700.00 22000 28000 28000 5500 11500
Current Account (EUR Million) -3007.20 -1100 -1100 -1100 -1100 -1100
Current Account to GDP (% of GDP) 3.60 -0.7 -0.7 -0.7 -0.7 -1
Government Debt to GDP (% of GDP) 38.10 47.3 47.3 47.3 47.3 45.5
Government Budget (% of GDP) -6.20 -6.5 -6.5 -6.5 -6.5 -5.8
Business Confidence (points) 96.20 102 103 103 103 102
Manufacturing PMI (points) 59.10 54.8 54.2 54.2 53.5 53.5
Consumer Confidence (points) 92.30 97 103 107 102 105
Retail Sales MoM (%) -1.00 0.3 0.4 0.4 0.4 0.4
Corporate Tax Rate (%) 19.00 19 19 19 19 19
Personal Income Tax Rate (%) 23.00 22 22 23 23 23

GDP Actual Q1 Q2 Q3 Q4 2023
GDP Growth Rate (%) 1.50 1 0.8 0.7 0.7 0.6
GDP Annual Growth Rate (%) 3.10 5.3 5.1 3.3 3.5 3.5
GDP (USD Billion) 245.35 230 230 230 243 243
GDP Constant Prices (CZK Billion) 1297.72 1315 1329 1344 1341 1368
Gross National Product (CZK Million) 5181108.00 5184382 5455707 5445345 5352085 5593032
Gross Fixed Capital Formation (CZK Billion) 335.28 361 349 363 346 357
GDP per capita (USD) 18983.65 23100 23100 23100 23900 23900
GDP per capita PPP (USD) 38319.34 39800 39800 39800 40500 40500
GDP From Agriculture (CZK Million) 30286.00 18941 33201 32069 31285 33559
GDP From Construction (CZK Million) 51857.00 66488 53482 54231 53568 54176
GDP From Manufacturing (CZK Million) 320627.00 320546 343935 347629 331208 351273
GDP From Public Administration (CZK Million) 170778.00 159011 175223 176123 176414 182736
GDP From Services (CZK Million) 212820.00 226315 201131 209040 219843 207933

Labour Actual Q1 Q2 Q3 Q4 2023
Unemployment Rate (%) 3.50 3.6 3.3 3.3 3.5 3.5
Labour Costs (points) 126.84 136 135 133 129 139
Wages (CZK/Month) 37499.00 39664 36061 38849 38061 40577
Wages in Manufacturing (CZK/Month) 35535.00 37587 34577 37102 36068 38451
Minimum Wages (EUR/Month) 596.36 595 595 595 600 615
Population (Million) 10.70 10.72 10.74 10.74 10.74 10.74
Retirement Age Women 63.83 64 64 64 64 64.17
Retirement Age Men 63.83 64 64 64 64 64.17
Wage Growth (%) 1.50 2.2 1.5 1.5 2.3 2.3

Prices Actual Q1 Q2 Q3 Q4 2023
Inflation Rate (%) 6.60 4.8 4.1 3.5 2.7 2.3
Inflation Rate Mom (%) 0.40 0.1 0.3 0.3 0.2 0.2
Consumer Price Index CPI (points) 119.30 119 120 122 123 125
Harmonised Consumer Prices (points) 117.00 108 108 108 108 108
Core Inflation Rate (%) 8.65 4.9 3.9 1.8 1.6 1.1
Producer Prices (points) 116.70 115 115 116 119 121
Producer Prices Change (%) 13.20 7.7 5.6 2.8 1.7 1.8
Food Inflation (%) 4.10 2 2.1 2.1 2.2 2
CPI Housing Utilities (points) 119.60 120 121 124 123 126
CPI Transportation (points) 121.20 121 122 122 122 123

Money Actual Q1 Q2 Q3 Q4 2023
Interest Rate (%) 3.75 4.5 4.75 4.75 4.75 4.75
Interbank Rate (%) 0.17 0.92 1.17 1.17 1.17 1.17
Deposit Interest Rate (%) 2.75 3.5 3.75 3.75 3.75 3.75
Lending Rate (%) 4.75 5.5 5.75 5.75 5.75 5.75
Money Supply M3 (CZK Million) 5738977.63 5940670 6027219 6123314 6154607 6605584
Cash Reserve Ratio (%) 2.00 2 2 2 2 2

Trade Actual Q1 Q2 Q3 Q4 2023
Balance of Trade (CZK Million) 5700.00 22000 28000 28000 5500 11500
Current Account (EUR Million) -3007.20 -1100 -1100 -1100 -1100 -1100
Current Account to GDP (% of GDP) 3.60 -0.7 -0.7 -0.7 -0.7 -1
Imports (CZK Million) 374673.00 347000 330000 330000 309500 309500
Exports (CZK Million) 380422.00 369000 358000 358000 315000 321000
External Debt (EUR Million) 169377.20 172500 174500 174500 177700 177700

Government Actual Q1 Q2 Q3 Q4 2023
Government Debt to GDP (% of GDP) 38.10 47.3 47.3 47.3 47.3 45.5
Government Budget (% of GDP) -6.20 -6.5 -6.5 -6.5 -6.5 -5.8
Government Spending (CZK Billion) 262.53 248 271 269 271 279
Government Spending to GDP (% of GDP) 47.50 45 45 45 45 45

Taxes Actual Q1 Q2 Q3 Q4 2023
Corporate Tax Rate (%) 19.00 19 19 19 19 19
Personal Income Tax Rate (%) 23.00 22 22 23 23 23
Sales Tax Rate (%) 21.00 21 21 21 21 21
Social Security Rate (%) 44.80 45 45 44.8 44.8 44.8
Social Security Rate For Companies (%) 33.80 34 34 33.8 33.8 33.8
Social Security Rate For Employees (%) 11.00 11 11 11 11 11

Business Actual Q1 Q2 Q3 Q4 2023
Business Confidence (points) 96.20 102 103 103 103 102
Manufacturing PMI (points) 59.10 54.8 54.2 54.2 53.5 53.5
Industrial Production (%) 1.60 2.1 4 2.7 3.8 3.8
Industrial Production Mom (%) 4.90 0.5 0.2 0.4 0.4 0.5

Consumer Actual Q1 Q2 Q3 Q4 2023
Consumer Confidence (points) 92.30 97 103 107 102 105
Retail Sales MoM (%) -1.00 0.3 0.4 0.4 0.4 0.4
Retail Sales YoY (%) 13.20 2.1 1.9 1.9 2.2 2.2
Consumer Spending (CZK Billion) 620.74 617 585 626 641 602
Consumer Credit (CZK Million) 280668.90 277050 283179 284875 290492 300660
Gasoline Prices (USD/Liter) 1.65 1.57 1.49 1.42 1.35 1.28

Housing Actual Q1 Q2 Q3 Q4 2023
Construction Output (%) 3.70 2.5 1.5 2.2 2.8 2.8


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Czech Republic Forecast - was last updated on Thursday, January 20, 2022.