Markets Actual Q1 Q2 Q3 Q4 2020
Currency 22.81 22.89 23 23.11 23.22 23.44
Stock Market (points) 1142.95 1113 1104 1096 1087 1070
Government Bond 10Y (%) 1.68 1.71 1.76 1.82 1.88 2.01
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 0.40 0.4 0.4 0.3 0.3 0.6
GDP Annual Growth Rate (%) 2.50 2 2.2 2.5 2.7 1.5
Unemployment Rate (%) 2.90 3.2 3 3.1 3.4 3.5
Inflation Rate (%) 3.20 2.6 2.4 2.3 2.2 2.2
Inflation Rate Mom (%) 0.20 0.1 0.3 0 0.2 0.1
Interest Rate (%) 2.00 2 2 2 2 2.5
Balance of Trade (CZK Million) 49040.00 54000 38000 32000 7000 11000
Current Account (EUR Million) 666.10 2550 200 -900 -100 -100
Current Account to GDP (%) 0.30 0.4 0.4 0.4 0.4 0.7
Government Debt to GDP (%) 32.70 30.5 30.5 30.5 30.5 29.5
Government Budget (% of GDP) 0.90 -0.2 -0.2 -0.2 -0.2 -0.4
Business Confidence (points) 96.70 95 95.5 96 96.5 93
Manufacturing PMI (points) 43.60 50 51.5 52.5 53 52.5
Consumer Confidence (points) 104.80 109 110 110 110 105
Retail Sales MoM (%) 0.10 0.6 0.4 0.5 0.4 0.3
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 2020
GDP Growth Rate (%) 0.40 0.4 0.4 0.3 0.3 0.6
GDP Annual Growth Rate (%) 2.50 2 2.2 2.5 2.7 1.5
GDP (USD Billion) 244.11 260 260 260 260 272
GDP Constant Prices (CZK Billion) 1219.11 1215 1224 1229 1252 1271
Gross National Product (CZK MN) 5031916.00 5132554 5142618 5157714 5167778 5245294
Gross Fixed Capital Formation (CZK Billion) 315.97 320 319 319 324 329
GDP per capita (USD) 23344.20 24500 24500 24500 24500 25800
GDP per capita PPP (USD) 33414.46 34800 34800 34800 34800 34800
GDP From Agriculture (CZK Million) 19119.00 18701 19160 19278 19635 19930
GDP From Construction (CZK Million) 60511.00 59875 60818 61015 62145 63077
GDP From Manufacturing (CZK Million) 286342.00 288229 287962 288727 294073 298484
GDP From Public Administration (CZK Million) 146655.00 146698 148018 147877 150615 152874
GDP From Services (CZK Million) 212508.00 212028 212600 214278 218246 221519
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 2.90 3.2 3 3.1 3.4 3.5
Labour Costs (points) 114.36 125 121 118 118 122
Wages (CZK/Month) 33697.00 33667 35213 34826 34809 35818
Wages in Manufacturing (CZK/Month) 32917.00 32975 35481 34020 34003 34989
Minimum Wages (EUR/Month) 518.97 519 525 525 525 525
Population (Million) 10.61 10.67 10.67 10.67 10.65 10.67
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
Living Wage Family (CZK/Month) 20500.00 21259 21166 21187 21177 21791
Living Wage Individual (CZK/Month) 15500.00 16074 16004 16019 16012 16476
Wage Growth (%) 4.00 3.7 3.3 3.4 3.3 2.9
Wages Low Skilled (CZK/Month) 15700.00 16281 16210 16226 16218 16688
Wages High Skilled (CZK/Month) 35400.00 36710 36551 36586 36568 37629
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 3.20 2.6 2.4 2.3 2.2 2.2
Inflation Rate Mom (%) 0.20 0.1 0.3 0 0.2 0.1
Consumer Price Index CPI (points) 109.40 110 111 111 112 114
Harmonised Consumer Prices (points) 103.20 104 104 104 106 108
Core Consumer Prices (points) 110.68 111 112 112 113 115
Producer Prices (points) 103.10 105 105 105 105 107
Producer Prices Change (%) 2.10 2.2 1.9 2 1.9 1.9
CPI Housing Utilities (points) 112.70 113 114 114 115 117
CPI Transportation (points) 105.60 107 109 108 108 110
Food Inflation (%) 4.80 2 2.5 2.5 2.2 2.1
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 2.00 2 2 2 2 2.5
Interbank Rate (%) 0.17 0.17 0.17 0.17 0.17 0.17
Deposit Interest Rate (%) 1.00 1 1 1 1.25 1.25
Lending Rate (%) 3.00 3 3 3 3 3
Cash Reserve Ratio (%) 2.00 2 2 2 2 2
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (CZK Million) 49040.00 54000 38000 32000 7000 11000
Current Account (EUR Million) 666.10 2550 200 -900 -100 -100
Current Account to GDP (%) 0.30 0.4 0.4 0.4 0.4 0.7
Imports (CZK Million) 360396.00 332000 356000 350000 329000 338000
Exports (CZK Million) 409436.00 386000 394000 382000 336000 349000
External Debt (EUR Million) 171465.90 172200 173000 173900 174000 174000
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 32.70 30.5 30.5 30.5 30.5 29.5
Government Budget (% of GDP) 0.90 -0.2 -0.2 -0.2 -0.2 -0.4
Government Budget Value (CZK Million) 10109.93 6377 6377 6377 4416 4084
Government Spending (CZK Billion) 232.57 229 232 235 239 242
Government Spending to GDP (%) 40.80 41.9 41.9 41.9 41.9 42
Taxes Actual Q1 Q2 Q3 Q4 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 Q1 Q2 Q3 Q4 2020
Business Confidence (points) 96.70 95 95.5 96 96.5 93
Manufacturing PMI (points) 43.60 50 51.5 52.5 53 52.5
Industrial Production (%) -3.20 3 3.4 3.2 3.4 2.9
Industrial Production Mom (%) -1.10 0.6 0.8 1 0.4 0.3
Consumer Actual Q1 Q2 Q3 Q4 2020
Consumer Confidence (points) 104.80 109 110 110 110 105
Retail Sales MoM (%) 0.10 0.6 0.4 0.5 0.4 0.3
Retail Sales YoY (%) 2.90 6.8 5.5 5.4 5.2 4
Consumer Spending (CZK Billion) 575.97 575 580 581 592 600
Consumer Credit (CZK Million) 261142.20 247274 252536 260141 266643 270642
Gasoline Prices (USD/Liter) 1.44 1.58 1.62 1.66 1.7 1.7
Housing Actual Q1 Q2 Q3 Q4 2020
Construction Output (%) 4.50 2.9 2.5 3 3.6 2.7


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.