Markets Actual Q1 Q2 Q3 Q4 2022
Currency 21.29 21.37 21.47 21.57 21.66 21.86
Stock Market (points) 1042.16 1026 1009 993 977 945
Government Bond 10Y (%) 1.65 1.67 1.72 1.78 1.84 1.96

Overview Actual Q1 Q2 Q3 Q4 2022
GDP Growth Rate (%) 0.30 -1.5 2.1 3 1 0.7
GDP Annual Growth Rate (%) -5.00 -1.8 9.8 5.2 5 2.5
Unemployment Rate (%) 4.30 5.7 5.5 5 4.8 4.8
Inflation Rate (%) 2.20 1.5 1.8 2 2.2 2.2
Inflation Rate Mom (%) 1.30 0.2 0.3 -0.1 0.1 0.2
Interest Rate (%) 0.25 0.25 0.25 0.25 0.5 1.5
Balance of Trade (CZK Million) 17718.00 7000 42000 37000 11000 11000
Current Account (EUR Million) 2591.36 1800 100 -2200 -1100 -1100
Current Account to GDP (%) -0.40 -1.1 -1.1 -1.1 -1.1 -0.5
Government Debt to GDP (%) 30.80 40.2 40.2 40.2 40.2 40.5
Government Budget (% of GDP) 0.30 -4.3 -4.3 -4.3 -4.3 -3.1
Business Confidence (points) 90.60 82 84 85 86 89
Manufacturing PMI (points) 57.00 50.1 53 52.5 51 52.1
Consumer Confidence (points) 85.00 100 102 104 105 102
Retail Sales MoM (%) 8.30 2.2 1 0.5 0.3 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 Q1 Q2 Q3 Q4 2022
GDP Growth Rate (%) 0.30 -1.5 2.1 3 1 0.7
GDP Annual Growth Rate (%) -5.00 -1.8 9.8 5.2 5 2.5
GDP (USD Billion) 246.49 230 230 230 230 243
GDP Constant Prices (CZK Billion) 1255.17 1260 1285 1320 1318 1351
Gross National Product (CZK Million) 5395271.00 5298156 5924008 5675825 5665035 5806660
Gross Fixed Capital Formation (CZK Billion) 313.98 323 364 330 330 338
GDP per capita (USD) 23833.50 23100 23100 23100 23100 23900
GDP per capita PPP (USD) 40314.20 39800 39800 39800 39800 40500
GDP From Agriculture (CZK Million) 29873.00 28771 30590 31426 31367 32151
GDP From Construction (CZK Million) 54433.00 55408 57559 57264 57155 58584
GDP From Manufacturing (CZK Million) 317150.00 312778 298211 333642 333008 341333
GDP From Public Administration (CZK Million) 162217.00 156721 173524 170652 170328 174586
GDP From Services (CZK Million) 205206.00 214681 197952 215877 215466 220853

Labour Actual Q1 Q2 Q3 Q4 2022
Unemployment Rate (%) 4.30 5.7 5.5 5 4.8 4.8
Labour Costs (points) 120.18 127 119 129 130 130
Wages (CZK/Month) 35402.00 35692 35783 34520 36584 36584
Wages in Manufacturing (CZK/Month) 33643.00 35346 34799 33554 36230 36230
Minimum Wages (EUR/Month) 579.22 579 579 585 585 600
Population (Million) 10.68 10.72 10.72 10.72 10.72 10.74
Retirement Age Women 62.67 63.67 63.67 63.67 63.67 63.67
Retirement Age Men 63.33 63.67 63.67 63.67 63.67 63.67
Wage Growth (%) 1.70 1.3 1.3 1.4 1.5 1.5

Prices Actual Q1 Q2 Q3 Q4 2022
Inflation Rate (%) 2.20 1.5 1.8 2 2.2 2.2
Inflation Rate Mom (%) 1.30 0.2 0.3 -0.1 0.1 0.2
Consumer Price Index CPI (points) 113.40 112 113 114 113 115
Core Consumer Prices (points) 114.42 112 113 114 114 114
Producer Prices (points) 104.40 104 105 106 106 109
Producer Prices Change (%) 0.00 0.5 2 2.5 2.8 2.8
CPI Housing Utilities (points) 114.60 116 116 116 165 118
CPI Transportation (points) 107.00 108 106 105 113 111
Food Inflation (%) -0.10 1.8 1.7 1.5 1.6 2.2

Money Actual Q1 Q2 Q3 Q4 2022
Interest Rate (%) 0.25 0.25 0.25 0.25 0.5 1.5
Interbank Rate (%) 0.17 0.17 0.17 0.17 0.42 0.92
Deposit Interest Rate (%) 0.05 0.5 0.5 0.5 0.75 1.25
Lending Rate (%) 1.00 1 1 1 1.25 1.75
Cash Reserve Ratio (%) 2.00 2 2 2 2 2

Trade Actual Q1 Q2 Q3 Q4 2022
Balance of Trade (CZK Million) 17718.00 7000 42000 37000 11000 11000
Current Account (EUR Million) 2591.36 1800 100 -2200 -1100 -1100
Current Account to GDP (%) -0.40 -1.1 -1.1 -1.1 -1.1 -0.5
Imports (CZK Million) 277049.00 330000 327000 354000 307000 312000
Exports (CZK Million) 294767.00 372000 364000 394000 329000 329000
External Debt (EUR Million) 161316.40 174100 174200 174350 174500 174500

Government Actual Q1 Q2 Q3 Q4 2022
Government Debt to GDP (%) 30.80 40.2 40.2 40.2 40.2 40.5
Government Budget (% of GDP) 0.30 -4.3 -4.3 -4.3 -4.3 -3.1
Government Spending (CZK Billion) 244.46 246 270 257 257 263
Government Spending to GDP (%) 41.90 46 46 46 46 43.2

Taxes Actual Q1 Q2 Q3 Q4 2022
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 Q1 Q2 Q3 Q4 2022
Business Confidence (points) 90.60 82 84 85 86 89
Manufacturing PMI (points) 57.00 50.1 53 52.5 51 52.1
Industrial Production (%) 0.50 3.7 16.5 5.5 4 3.1
Industrial Production Mom (%) 0.20 1.1 0.8 0.6 0.5 0.5

Consumer Actual Q1 Q2 Q3 Q4 2022
Consumer Confidence (points) 85.00 100 102 104 105 102
Retail Sales MoM (%) 8.30 2.2 1 0.5 0.3 0.4
Retail Sales YoY (%) 3.70 1.8 5.1 3.5 4.3 3.8
Consumer Spending (CZK Billion) 594.11 597 625 625 624 639
Consumer Credit (CZK Million) 264490.10 258180 288133 278617 277715 284657
Gasoline Prices (USD/Liter) 1.37 1.3 1.24 1.18 1.12 1.06

Housing Actual Q1 Q2 Q3 Q4 2022
Construction Output (%) -12.40 2 9.5 5 4.8 1.4


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.