Markets Actual Q2 Q3 Q4 Q1 2023
Stock Market (points) 1288.22 1255 1220 1186 1153 1089
Government Bond 10Y (%) 5.17 5.86 6.03 6.2 6.38 6.75

Overview Actual Q2 Q3 Q4 Q1 2023
GDP Growth Rate (%) 0.90 -1.2 0.3 0.5 0.7 1.3
GDP Annual Growth Rate (%) 4.80 2 0.5 0.2 0.5 4
Unemployment Rate (%) 3.20 3.3 3.3 3.5 3.5 3.5
Inflation Rate (%) 16.00 16.4 14 11.5 10.2 6.3
Inflation Rate Mom (%) 1.80 0.3 0.3 0.2 0.2 0.2
Interest Rate (%) 7.00 7 8 8.5 9.25 9.25
Balance of Trade (CZK Million) -28400.00 28000 28000 5500 5500 11500
Current Account (EUR Million) -316.50 2000 -700 -200 1500 -1100
Current Account to GDP (% of GDP) 3.60 1.2 1.2 1.2 -1 -1
Government Debt to GDP (% of GDP) 41.90 40 40 40 42 42
Government Budget (% of GDP) -5.90 -4.5 -4.5 -4.5 -4 -4
Business Confidence (points) 103.10 103 103 103 103 103
Manufacturing PMI (points) 52.30 52.2 50.6 51.4 52.1 52.9
Consumer Confidence (points) 74.70 73 95 100 102 105
Retail Sales MoM (%) 0.10 0.4 0.8 1 1 1
Corporate Tax Rate (%) 19.00 19 19 19 19 19
Personal Income Tax Rate (%) 23.00 22 22 23 23 23

GDP Actual Q2 Q3 Q4 Q1 2023
GDP Growth Rate (%) 0.90 -1.2 0.3 0.5 0.7 1.3
GDP Annual Growth Rate (%) 4.80 2 0.5 0.2 0.5 4
GDP (USD Billion) 245.35 230 230 243 243 243
GDP Constant Prices (CZK Billion) 1325.11 1307 1309 1316 1332 1368
Gross National Product (CZK Million) 5181108.00 5284730 5207014 5191470 5207014 5399129
Gross Fixed Capital Formation (CZK Billion) 354.59 353 341 340 356 354
GDP per capita (USD) 18983.65 23100 23100 23900 23900 23900
GDP per capita PPP (USD) 38319.34 39800 39800 40500 40500 40500
GDP From Agriculture (CZK Million) 31098.00 31032 30253 31173 31253 32420
GDP From Construction (CZK Million) 55982.00 52908 52961 52669 56262 54776
GDP From Manufacturing (CZK Million) 324769.00 337329 321533 315384 326393 327999
GDP From Public Administration (CZK Million) 170445.00 170659 171478 174289 171297 181260
GDP From Services (CZK Million) 215491.00 201496 213269 213667 216568 222214

Labour Actual Q2 Q3 Q4 Q1 2023
Unemployment Rate (%) 3.20 3.3 3.3 3.5 3.5 3.5
Labour Costs (points) 133.30 133 129 136 136 140
Wages (CZK/Month) 37929.00 38849 38061 41058 38801 42002
Wages in Manufacturing (CZK/Month) 36266.00 37102 36068 38867 37100 39761
Minimum Wages (EUR/Month) 651.70 595 595 600 600 615
Population (Million) 10.70 10.74 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 (%) -3.60 1.5 1.5 2.3 2.3 2.3

Prices Actual Q2 Q3 Q4 Q1 2023
Inflation Rate (%) 16.00 16.4 14 11.5 10.2 6.3
Inflation Rate Mom (%) 1.80 0.3 0.3 0.2 0.2 0.2
Consumer Price Index CPI (points) 132.90 134 134 133 141 141
Harmonised Consumer Prices (points) 131.50 108 108 108 108 108
Core Inflation Rate (%) 13.87 3.9 1.8 1.6 1.6 1.1
Producer Prices (points) 138.60 115 116 119 135 121
Producer Prices Change (%) 27.90 5.6 2.8 1.7 1.7 1.8
Food Inflation (%) 15.10 2.1 2.1 2.2 2.2 2
CPI Housing Utilities (points) 140.20 135 136 133 149 142
CPI Transportation (points) 136.80 137 138 138 138 138

Money Actual Q2 Q3 Q4 Q1 2023
Interest Rate (%) 7.00 7 8 8.5 9.25 9.25
Interbank Rate (%) 0.17 0.17 1.17 1.67 2.42 2.42
Deposit Interest Rate (%) 4.75 4.75 5.75 6.25 7 7
Lending Rate (%) 6.75 6.75 7.75 8.25 9 9
Money Supply M3 (CZK Million) 5886556.37 6027219 6123314 6154607 6366390 6605584
Cash Reserve Ratio (%) 2.00 2 2 2 2 2

Trade Actual Q2 Q3 Q4 Q1 2023
Balance of Trade (CZK Million) -28400.00 28000 28000 5500 5500 11500
Current Account (EUR Million) -316.50 2000 -700 -200 1500 -1100
Current Account to GDP (% of GDP) 3.60 1.2 1.2 1.2 -1 -1
Imports (CZK Million) 370265.00 330000 330000 309500 309500 309500
Exports (CZK Million) 341836.00 358000 358000 315000 315000 321000
External Debt (EUR Million) 191297.80 174500 174500 172000 172500 173000

Government Actual Q2 Q3 Q4 Q1 2023
Government Debt to GDP (% of GDP) 41.90 40 40 40 42 42
Government Budget (% of GDP) -5.90 -4.5 -4.5 -4.5 -4 -4
Government Budget Value (CZK Million) -89167.14 -10000 -10000 -10000 -10000 -10000
Government Spending (CZK Billion) 259.98 257 269 261 261 271
Government Spending to GDP (% of GDP) 47.50 45 45 45 45 45

Taxes Actual Q2 Q3 Q4 Q1 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 Q2 Q3 Q4 Q1 2023
Business Confidence (points) 103.10 103 103 103 103 103
Manufacturing PMI (points) 52.30 52.2 50.6 51.4 52.1 52.9
Industrial Production (%) -3.79 4 2.7 3.8 3.8 3.8
Industrial Production Mom (%) -0.80 0.2 0.4 0.4 0.4 0.5
Changes in Inventories (CZK Billion) 89.95 55 60 62 62 65

Consumer Actual Q2 Q3 Q4 Q1 2023
Consumer Confidence (points) 74.70 73 95 100 102 105
Retail Sales MoM (%) 0.10 0.4 0.8 1 1 1
Retail Sales YoY (%) 5.00 1.9 1.9 2.2 2.2 2.2
Consumer Spending (CZK Billion) 604.39 610 625 612 607 636
Consumer Credit (CZK Million) 281784.00 274826 277154 282164 287995 293451
Gasoline Prices (USD/Liter) 2.00 2.07 2.14 2.22 2.3 2.3

Housing Actual Q2 Q3 Q4 Q1 2023
Construction Output (%) 4.00 1.5 2.2 2.8 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 Friday, June 24, 2022.