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.