Markets Actual Q2 Q3 Q4 Q1 2021
Currency 24.23 24.44 24.55 24.66 24.77 24.99
Stock Market (points) 895.52 887 873 859 845 817
Government Bond 10Y (%) 0.72 0.89 0.92 0.95 0.98 1.04

Overview Actual Q2 Q3 Q4 Q1 2021
GDP Growth Rate (%) -3.60 -8.5 3 2.5 1.7 1
GDP Annual Growth Rate (%) -2.20 -10.5 -8 -6.5 -1.8 6.2
Unemployment Rate (%) 3.40 4.8 6.1 7 7.5 5.5
Inflation Rate (%) 3.20 2.4 2.3 2.2 2.2 2.2
Inflation Rate Mom (%) -0.20 0.3 0 0.2 0.2 0.1
Interest Rate (%) 0.25 0.5 0.25 0.25 0.25 1
Balance of Trade (CZK Million) 27277.16 38000 32000 7000 7000 11000
Current Account (EUR Million) -908.81 200 -900 -100 -100 -100
Current Account to GDP (%) -0.40 0.4 0.4 0.4 0.7 0.7
Government Debt to GDP (%) 30.80 34.5 34.5 34.5 37 37
Government Budget (% of GDP) 0.30 -5.2 -5.2 -5.2 -6.3 -6.3
Business Confidence (points) 71.60 75 77 79 82 86
Manufacturing PMI (points) 35.10 41.5 45.5 46 48 47.5
Consumer Confidence (points) 91.90 92 83 95 98 100
Retail Sales MoM (%) -12.20 -1.3 -1.6 1.5 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 Q2 Q3 Q4 Q1 2021
GDP Growth Rate (%) -3.60 -8.5 3 2.5 1.7 1
GDP Annual Growth Rate (%) -2.20 -10.5 -8 -6.5 -1.8 6.2
GDP (USD Billion) 246.70 260 260 260 272 272
GDP Constant Prices (CZK Billion) 1220.17 1169 1184 1141 1198 1212
Gross National Product (CZK MN) 5031916.00 4503565 4629363 4704841 4941342 4996542
Gross Fixed Capital Formation (CZK Billion) 331.33 307 311 310 325 329
GDP per capita (USD) 23344.20 24500 24500 24500 25800 25800
GDP per capita PPP (USD) 33414.46 34800 34800 34800 31845 32394
GDP From Agriculture (CZK Million) 19370.00 18254 18552 18111 19021 19234
GDP From Construction (CZK Million) 60660.00 58408 59070 56717 59568 60234
GDP From Manufacturing (CZK Million) 284627.00 275383 279787 266126 279504 282626
GDP From Public Administration (CZK Million) 148367.00 141094 142649 138723 145696 147324
GDP From Services (CZK Million) 211505.00 202804 205573 197757 207698 210018

Labour Actual Q2 Q3 Q4 Q1 2021
Unemployment Rate (%) 3.40 4.8 6.1 7 7.5 5.5
Labour Costs (points) 120.66 121 118 125 125 128
Wages (CZK/Month) 36144.00 35213 34826 37337 37337 38420
Wages in Manufacturing (CZK/Month) 35151.00 35481 34020 36311 36311 37364
Minimum Wages (EUR/Month) 518.97 525 525 525 525 525
Population (Million) 10.68 10.67 10.67 10.65 10.7 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 21166 21187 21177 21177 21791
Living Wage Individual (CZK/Month) 15500.00 16004 16019 16012 16012 16476
Wages High Skilled (CZK/Month) 35400.00 36551 36586 36568 36568 37629
Wage Growth (%) 3.60 3.3 3.4 3.3 3.3 2.9
Wages Low Skilled (CZK/Month) 15700.00 16210 16226 16218 16218 16688

Prices Actual Q2 Q3 Q4 Q1 2021
Inflation Rate (%) 3.20 2.4 2.3 2.2 2.2 2.2
Inflation Rate Mom (%) -0.20 0.3 0 0.2 0.2 0.1
Harmonised Consumer Prices (points) 103.30 104 104 106 106 108
Consumer Price Index CPI (points) 111.00 111 111 112 114 114
Core Consumer Prices (points) 111.72 112 112 113 114 115
Producer Prices (points) 102.70 104 104 103 105 106
Producer Prices Change (%) -0.80 0.3 0.7 1 1.5 2
CPI Housing Utilities (points) 114.10 114 114 115 117 118
CPI Transportation (points) 101.60 109 108 108 107 110
Food Inflation (%) 7.80 2.5 2.5 2.2 2.2 2.1

Money Actual Q2 Q3 Q4 Q1 2021
Interest Rate (%) 0.25 0.5 0.25 0.25 0.25 1
Interbank Rate (%) 0.17 0.42 0.42 0.42 0.42 1.17
Deposit Interest Rate (%) 0.05 0.3 0.3 0.3 0.3 1.05
Lending Rate (%) 1.00 1.25 1.25 1.25 1.25 2
Cash Reserve Ratio (%) 2.00 2 2 2 2 2

Trade Actual Q2 Q3 Q4 Q1 2021
Balance of Trade (CZK Million) 27277.16 38000 32000 7000 7000 11000
Current Account (EUR Million) -908.81 200 -900 -100 -100 -100
Current Account to GDP (%) -0.40 0.4 0.4 0.4 0.7 0.7
Imports (CZK Million) 326080.62 356000 350000 329000 329000 338000
Exports (CZK Million) 353357.78 394000 382000 336000 336000 349000
External Debt (EUR Million) 172520.00 173000 173900 174000 174000 174000

Government Actual Q2 Q3 Q4 Q1 2021
Government Debt to GDP (%) 30.80 34.5 34.5 34.5 37 37
Government Budget (% of GDP) 0.30 -5.2 -5.2 -5.2 -6.3 -6.3
Government Budget Value (CZK Million) -49043.36 6377 6377 4416 4416 4084
Government Spending (CZK Billion) 229.73 220 226 215 226 228
Government Spending to GDP (%) 41.90 48.8 48.8 48.8 46 46

Taxes Actual Q2 Q3 Q4 Q1 2021
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 Q2 Q3 Q4 Q1 2021
Business Confidence (points) 71.60 75 77 79 82 86
Manufacturing PMI (points) 35.10 41.5 45.5 46 48 47.5
Industrial Production (%) -10.80 -25.5 -9.2 -3.4 1.5 2.9
Industrial Production Mom (%) -8.70 0.8 1 0.4 0.4 0.3

Consumer Actual Q2 Q3 Q4 Q1 2021
Consumer Confidence (points) 91.90 92 83 95 98 100
Retail Sales MoM (%) -12.20 -1.3 -1.6 1.5 0.4 0.3
Retail Sales YoY (%) -8.90 -6.1 -4.3 -1.5 0.9 4.5
Consumer Spending (CZK Billion) 582.61 556 562 545 572 579
Consumer Credit (CZK Million) 262912.00 241924 251111 244987 258180 260176
Gasoline Prices (USD/Liter) 1.12 1.2 1.14 1.08 1.03 0.97

Housing Actual Q2 Q3 Q4 Q1 2021
Construction Output (%) -2.30 -2.5 -3 -4.5 2 1.5


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.