Markets Actual Q3 Q4 Q1 Q2 2020
Currency 22.77 22.47 22.6 22.74 22.87 23.13
Stock Market (points) 1069.14 1033 1024 1016 1007 990
Government Bond 10Y (%) 1.46 1.55 1.59 1.62 1.65 1.72
Overview Actual Q3 Q4 Q1 Q2 2020
GDP Growth Rate (%) 0.60 0.6 0.6 0.5 0.6 0.5
GDP Annual Growth Rate (%) 2.80 2.5 2.6 2.4 2.4 2.3
Unemployment Rate (%) 2.60 2.7 2.9 3.2 3.4 4
Inflation Rate (%) 2.70 3 3.1 2.3 2.4 2.2
Inflation Rate Mom (%) 0.20 -0.1 0.1 0.1 0.3 0.2
Interest Rate (%) 2.00 2 2 2 2.25 2.5
Balance of Trade (CZK Million) 52301.00 40000 10000 54000 38000 7000
Current Account (EUR Million) 1730.90 -1000 500 2550 200 -100
Current Account to GDP (%) 0.30 -0.5 -0.5 -1 -1 -1
Government Debt to GDP (%) 32.70 31.8 31.8 30.5 30.5 30.5
Government Budget (% of GDP) 0.90 0.2 0.2 -0.2 -0.2 -0.2
Business Confidence (Index Points) 93.10 96.5 95.5 95 94 93.5
Manufacturing PMI 45.90 51 50 49 50 49
Consumer Confidence (Index Points) 105.10 107 107 109 110 110
Retail Sales MoM (%) -1.00 0.4 0.5 0.6 0.4 0.4
Corporate Tax Rate (%) 19.00 19 19 19 19 19
Personal Income Tax Rate (%) 22.00 22 22 22 22 22
GDP Actual Q3 Q4 Q1 Q2 2020
GDP Growth Rate (%) 0.60 0.6 0.6 0.5 0.6 0.5
GDP Annual Growth Rate (%) 2.80 2.5 2.6 2.4 2.4 2.3
GDP (USD Billion) 244.11 247 247 260 260 260
GDP Constant Prices (CZK Billion) 1205.21 1203 1235 1232 1230 1274
Gross National Product (CZK MN) 5031916.00 4886796 4867854 4858384 4848913 5023626
Gross Fixed Capital Formation (CZK Billion) 323.61 334 339 338 337 349
GDP per capita (USD) 23344.20 23500 23500 24500 24500 24500
GDP per capita PPP (USD) 33414.46 34100 34100 34800 34800 34800
GDP From Agriculture (CZK Million) 16296.00 17470 17784 17750 17715 18354
GDP From Construction (CZK Million) 60482.00 60917 62428 62307 62185 64426
GDP From Manufacturing (CZK Million) 295607.00 291308 300976 300390 299805 310607
GDP From Public Administration (CZK Million) 145589.00 145818 149303 149012 148722 154080
GDP From Services (CZK Million) 208147.00 205538 212498 212084 211671 219298
Labour Actual Q3 Q4 Q1 Q2 2020
Unemployment Rate (%) 2.60 2.7 2.9 3.2 3.4 4
Wages (CZK/Month) 32466.00 33205 34821 34821 33505 35692
Wages in Manufacturing (CZK/Month) 31798.00 32722 34484 34484 32816 35346
Minimum Wages (EUR/Month) 518.97 519 519 519 525 525
Population (Million) 10.61 10.63 10.63 10.65 10.65 10.65
Retirement Age Women 62.67 62.67 63.17 63.67 63.67 63.67
Retirement Age Men 63.33 63.33 63.5 63.67 63.67 63.67
Living Wage Family (CZK/Month) 20500.00 22020 21094 21094 21156 21622
Wage Growth (%) 4.60 4.5 3.9 3.2 2.8 2.5
Wages Low Skilled (CZK/Month) 15700.00 15383 16155 16155 16202 16559
Wages High Skilled (CZK/Month) 35400.00 33926 36427 36427 36533 37337
Prices Actual Q3 Q4 Q1 Q2 2020
Inflation Rate (%) 2.70 3 3.1 2.3 2.4 2.2
Inflation Rate Mom (%) 0.20 -0.1 0.1 0.1 0.3 0.2
Consumer Price Index CPI (Index Points) 108.50 109 109 110 111 112
Core Consumer Prices (Index Points) 109.49 110 110 111 111 112
Producer Prices (Index Points) 103.30 103 103 103 103 103
Producer Prices Change (%) 2.50 2.1 2 1.9 2.1 1.9
CPI Housing Utilities (Index Points) 110.90 109 111 112 113 113
CPI Transportation (Index Points) 106.10 108 108 107 108 110
Food Inflation (%) 2.70 1.7 1.9 2 2.5 2.2
Money Actual Q3 Q4 Q1 Q2 2020
Interest Rate (%) 2.00 2 2 2 2.25 2.5
Interbank Rate (%) 0.17 0.17 0.17 0.17 0.42 0.42
Deposit Interest Rate (%) 1.00 1 1 1 1.25 1.25
Lending Rate (%) 3.00 3 3 3 3.25 3.25
Trade Actual Q3 Q4 Q1 Q2 2020
Balance of Trade (CZK Million) 52301.00 40000 10000 54000 38000 7000
Current Account (EUR Million) 1730.90 -1000 500 2550 200 -100
Current Account to GDP (%) 0.30 -0.5 -0.5 -1 -1 -1
Imports (CZK Million) 343419.00 337000 318000 332000 356000 329000
Exports (CZK Million) 395720.00 377000 328000 386000 394000 336000
Government Actual Q3 Q4 Q1 Q2 2020
Government Debt to GDP (%) 32.70 31.8 31.8 30.5 30.5 30.5
Government Budget (% of GDP) 0.90 0.2 0.2 -0.2 -0.2 -0.2
Government Spending (CZK Billion) 227.61 229 233 232 232 240
Government Spending to GDP (%) 40.80 41.5 41.5 41.9 41.9 41.9
Taxes Actual Q3 Q4 Q1 Q2 2020
Corporate Tax Rate (%) 19.00 19 19 19 19 19
Personal Income Tax Rate (%) 22.00 22 22 22 22 22
Sales Tax Rate (%) 21.00 21 21 21 21 21
Social Security Rate (%) 45.00 45 45 45 45 45
Social Security Rate For Companies (%) 34.00 34 34 34 34 34
Social Security Rate For Employees (%) 11.00 11 11 11 11 11
Business Actual Q3 Q4 Q1 Q2 2020
Business Confidence (Index Points) 93.10 96.5 95.5 95 94 93.5
Manufacturing PMI 45.90 51 50 49 50 49
Industrial Production (%) 3.20 3.6 3.2 3 3.4 3.4
Industrial Production Mom (%) 1.10 1.4 0.2 0.6 0.8 0.4
Consumer Actual Q3 Q4 Q1 Q2 2020
Consumer Confidence (Index Points) 105.10 107 107 109 110 110
Retail Sales MoM (%) -1.00 0.4 0.5 0.6 0.4 0.4
Retail Sales YoY (%) 2.70 7.9 6.5 6.8 5.5 5.2
Consumer Spending (CZK Billion) 571.97 568 579 578 577 598
Gasoline Prices (USD/Liter) 1.51 1.3 1.27 1.24 1.35 1.24
Housing Actual Q3 Q4 Q1 Q2 2020
Construction Output (%) 0.20 2.3 3.2 2.9 2.5 3.6


This page has economic forecasts for Czech Republic including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Czech Republic economy.