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.

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Czech Republic GDP Annual Growth Rate

Calendar GMT Actual Previous Consensus TEForecast
2022-04-29 07:00 AM YoY Prel Q1 4.6% 3.6% 4.2% 3%
2022-05-31 07:00 AM YoY Final Q1 4.8% 3.6% 4.6%
2022-07-29 07:00 AM YoY Prel Q2 4.8% 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 Annual 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
4.80 3.60 8.70 -10.80 1997 - 2022 percent Quarterly