The Gross Domestic Product (GDP) in Czech Republic expanded 0.90 percent on quarter in the first quarter of 2022, following a 0.8 percent expansion in the previous period and beating preliminary estimates of 0.7 percent. Growth was supported mainly by increasing expenditure on the gross fixed capital formation and external demand. source: Czech Statistical Office

GDP Growth Rate in Czech Republic averaged 0.55 percent from 1995 until 2022, reaching an all time high of 7.10 percent in the third quarter of 2020 and a record low of -8.70 percent in the second quarter of 2020. This page provides the latest reported value for - Czech Republic GDP 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 Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2022.

GDP Growth Rate in Czech Republic is expected to be -1.20 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 Growth Rate is projected to trend around 1.30 percent in 2023 and 0.60 percent in 2024, according to our econometric models.

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Czech Republic GDP Growth Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-04-29 07:00 AM QoQ Prel Q1 0.7% 0.8% 0.3% 1.2%
2022-05-31 07:00 AM QoQ Final Q1 0.9% 0.8% 0.7%
2022-07-29 07:00 AM QoQ Prel Q2 0.9% -1.2%


Related Last Previous Unit Reference
GDP Growth Rate 0.90 0.80 percent Mar 2022
GDP Annual Growth Rate 4.80 3.60 percent Mar 2022
GDP Constant Prices 1325.11 1313.16 CZK Billion Mar 2022
Gross National Product 5181108.00 5402231.00 CZK Million Dec 2020
Gross Fixed Capital Formation 354.59 339.44 CZK Billion Mar 2022
GDP From Services 215491.00 213241.00 CZK Million Mar 2022
GDP From Public Administration 170445.00 173941.00 CZK Million Mar 2022
GDP From Manufacturing 324769.00 314754.00 CZK Million Mar 2022
GDP From Construction 55982.00 52564.00 CZK Million Mar 2022
GDP From Agriculture 31098.00 31111.00 CZK Million Mar 2022

Czech Republic GDP 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.
Actual Previous Highest Lowest Dates Unit Frequency
0.90 0.80 7.10 -8.70 1995 - 2022 percent Quarterly
SA

News Stream
Czech Republic GDP Growth Beats Consensus
The Czech Republic economy was seen expanding by 0.7 percent quarter-over-quarter in the first three months of 2022, slowing slightly from a downwardly revised 0.8 percent advance in the previous period and beat market expectations of a 0.3 percent expansion, preliminary estimates showed. On the expenditure side, support came mostly from gross capital formation and foreign trade. On the production scope, gross value added rose mostly in construction, trade, transport, accommodation, and hospitality. On an annual basis, GDP rose 4.6 percent, beating the market consensus of 4.2 percent and quickening from a 3.6 percent gain in the previous quarter.
2022-04-29
Czech Republic Economy Expands as Expected in Q4
The Czech Republic's gross domestic product advanced 0.9 percent on quarter in the three months ending December of 2021, following a 1.6 percent increase in the previous period and matching preliminary estimates. The positive GDP development was supported mainly by increasing external demand as exports rose more (+2.2%) than imports (-0.4%); and expenditure on the fixed capital formation (+0.5%). Meanwhile, final consumption expenditure of households decreased by 1.8%. On a yearly basis, the economy expanded by 3.6 percent, above a downwardly revised estimate of a 3.5 percent rise. Considering the full 2021, the GDP increased 3.3 percent.
2022-03-01
Czech Republic GDP Expands More than Initially Thought
The Czech Republic's gross domestic product advanced 1.5 percent on quarter in the three months ending September of 2021, following a 1.0 percent increase in the previous period and compared with a preliminary estimate of a 1.4 percent rise. The positive GDP development was supported solely by the domestic demand, with increases in both household consumption (4.3 percent) and government spending (2.6 percent). Meanwhile, fixed investment declined (-3.1 percent). Also, external demand had a negative influence, as exports and imports fell 5.9 percent and 3.3 percent, respectively. On a yearly basis, the economy expanded by 3.1 percent, above an earlier estimate of a 2.8 percent rise.
2021-11-30