Czech Republic’s GDP grew 2.5 percent year-on-year in the Q3 2019, less than a 2.7 percent advance in Q2 and in line with preliminary estimates. On a quarterly basis, the economy expanded 0.4 percent, compared with earlier estimates of 0.3 percent and following a 0.6 percent advance in Q2. It was the weakest pace of expansion since Q2 2016. GDP Annual Growth Rate in Czech Republic averaged 2.52 percent from 1997 until 2019, reaching an all time high of 7.30 percent in the second quarter of 2006 and a record low of -5.60 percent in the second quarter of 2009. source: Czech Statistical Office

GDP Annual Growth Rate in Czech Republic is expected to be 1.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Czech Republic to stand at 2.50 in 12 months time. In the long-term, the Czech Republic GDP Annual Growth Rate is projected to trend around 1.50 percent in 2020, according to our econometric models.


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Czech Republic GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.50 2.70 7.30 -5.60 1997 - 2019 percent Quarterly
SA



Calendar GMT Actual Previous Consensus TEForecast
2019-08-14 07:00 AM GDP Growth Rate YoY Prel Q2 2.7% 2.8% 2.6% 2.9%
2019-08-30 07:00 AM GDP Growth Rate YoY Final Q2 2.7% 2.7% 2.6% 2.7%
2019-11-14 08:00 AM GDP Growth Rate YoY Prel Q3 2.5% 2.7% 2.7% 2.5%
2019-11-29 08:00 AM GDP Growth Rate YoY Final Q3 2.5% 2.7% 2.5% 2.5%
2020-02-14 08:00 AM GDP Growth Rate YoY Prel Q4 2.5% 2.3%


News Stream
2019-05-15
Czech Q1 GDP Growth Rate Above Forecasts
The Czech economy expanded 2.5 percent on year in the first quarter of 2019, easing from a downwardly revised 2.6 percent growth in the previous period and above market forecasts of 2.4 percent, a preliminary estimate showed. On a seasonally adjusted quarterly basis, the GDP advanced 0.5 percent, slowing from a downwardly revised 0.8 percent expansion in the prior quarter. Growth was mainly driven by foreign demand and household consumption.

2019-03-01
Czech Q4 GDP Growth Revised Slightly Lower
The Czech annual economic growth was revised slightly lower to 2.8 percent in the fourth quarter of 2018, compared to a preliminary estimate of 2.9 percent and above the 2.5 percent expansion recorded in the previous three-month period. Growth was driven by household consumption (2.2 percent), fixed investment (4 percent) and government spending (4.7 percent), while net external demand contributed negatively to the GDP as imports jumped 5.7 percent and exports rose at a softer 5 percent. On a seasonally adjusted quarterly basis, the economy grew 0.9 percent, the most over the last six quarters but slightly below a flash estimate of 1 percent driven mainly by external demand. Considering 2018 full year, the economy grew 3 percent, mainly boosted by fixed investment and household consumption.

2019-02-15
Czech Q4 GDP Growth Stronger than Expected
The Czech economy expanded 2.4 percent on year in the fourth quarter of 2018, following a 2.4 percent growth in the previous three-month period and beating market expectations of 2.4 percent, a preliminary estimate showed. On a seasonally adjusted quarterly basis, the GDP rose 1 percent, faster than an expected 0.7 percent advance and the largest increase in the last six quarters. The rise was driven mainly be external demand. Considering 2018 full year, the economy grew 3 percent, mainly boosted by fixed investment and household consumption.


Czech Republic GDP Annual Growth Rate
In Czech Republic, household consumption is the main component of GDP and accounts for 49 percent of its total use, followed by gross fixed capital formation (25 percent) and government expenditure (19 percent). Exports of goods and services account for 84 percent of GDP while imports account for 77 percent, adding 7 percent of total GDP.

Czech Republic GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.40 0.60 2.40 -3.50 percent [+]
GDP Annual Growth Rate 2.50 2.70 7.30 -5.60 percent [+]
GDP 244.11 215.91 244.11 4.90 USD Billion [+]
GDP Constant Prices 1219.11 1214.69 1219.11 682.68 CZK Billion [+]
Gross National Product 5031916.00 4737022.00 5031916.00 627979.00 CZK MN [+]
Gross Fixed Capital Formation 315.97 316.91 318.46 178.53 CZK Billion [+]
GDP per capita 23344.20 22754.80 23344.20 12313.04 USD [+]
GDP per capita PPP 33414.46 32570.78 33414.46 17624.68 USD [+]
GDP From Agriculture 19119.00 19021.00 20854.00 13122.00 CZK Million [+]
GDP From Construction 60511.00 60375.00 80601.00 47500.00 CZK Million [+]
GDP From Manufacturing 286342.00 285867.00 286342.00 86164.00 CZK Million [+]
GDP From Public Administration 146655.00 146941.00 146941.00 121087.00 CZK Million [+]
GDP From Services 212508.00 211053.00 212508.00 104815.00 CZK Million [+]