The Czech Republic's economy expanded 3.6 percent in the second quarter of 2022, beating the market consensus of 3.1 percent and slowing from a 4.9 percent gain in the previous quarter. On the expenditure side, support came primarily from private consumption and gross capital formation. In the production scope, gross value added mainly rose in trade, transportation, accommodation, and food service activities. source: Czech Statistical Office
GDP Annual Growth Rate in Czech Republic averaged 2.31 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 August of 2022.
GDP Annual Growth Rate in Czech Republic is expected to be 0.50 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.