The Czech economy advanced 2.6 percent from a year earlier in the first quarter of 2019, above the initial estimate of 2.5 percent and at the same pace as in the previous period. Household consumption rose faster (2.7 percent vs 2.2 percent in Q4) while government spending (3.4 percent vs 3.6 percent) and fixed investment (3.4 percent vs 10.4 percent) slowed. Meantime, exports (2 percent vs 5 percent in Q4) increased slightly less than imports (2.1 percent vs 5.7 percent). On a quarterly basis, the GDP expanded 0.6 percent, compared to a preliminary reading of 0.5 percent but below 0.8 percent in the fourth quarter of 2018. GDP Annual Growth Rate in Czech Republic averaged 2.52 percent from 1997 until 2019, reaching an all time high of 7.20 percent in the second quarter of 2006 and a record low of -5.60 percent in the second quarter of 2009.

GDP Annual Growth Rate in Czech Republic is expected to be 2.50 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 2.40 in 12 months time. In the long-term, the Czech Republic GDP Annual Growth Rate is projected to trend around 2.20 percent in 2020, according to our econometric models.

Czech Republic GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-02-15 08:00 AM GDP Growth Rate YoY Prel 2.9% 2.4% 2.9% 2.5%
2019-03-01 08:00 AM GDP Growth Rate YoY Final 2.8% 2.5% 2.9% 2.9%
2019-05-15 07:00 AM GDP Growth Rate YoY Prel 2.5% 2.6% 2.5% 2.5%
2019-05-31 07:00 AM GDP Growth Rate YoY Final 2.6% 2.6% 2.5% 2.5%
2019-08-14 07:00 AM GDP Growth Rate YoY Prel 2.6% 2.5%
2019-08-30 07:00 AM GDP Growth Rate YoY Final 2.5%
2019-11-14 08:00 AM GDP Growth Rate YoY Prel 2.5%


Czech Republic GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.60 0.80 2.30 -3.50 percent [+]
GDP Annual Growth Rate 2.60 2.60 7.20 -5.60 percent [+]
GDP 215.73 195.31 235.72 4.90 USD Billion [+]
GDP Constant Prices 1205.21 1198.59 1205.21 682.73 CZK Billion [+]
Gross National Product 4735267.00 4467763.00 4735267.00 627979.00 CZK MN [+]
Gross Fixed Capital Formation 323.61 329.32 330.13 178.25 CZK Billion [+]
GDP per capita 22779.29 21894.11 22779.29 12313.04 USD [+]
GDP per capita PPP 32605.91 31338.88 32605.91 17624.68 USD [+]
GDP From Agriculture 16296.00 17310.00 20831.00 13106.00 CZK Million [+]
GDP From Construction 60482.00 60726.00 80479.00 47313.00 CZK Million [+]
GDP From Manufacturing 295607.00 292815.00 295607.00 85660.00 CZK Million [+]
GDP From Public Administration 145589.00 143932.00 145589.00 121367.00 CZK Million [+]
GDP From Services 208147.00 206618.00 208147.00 105230.00 CZK Million [+]


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. This page provides the latest reported value for - Czech Republic GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Czech Republic GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2.60 2.60 7.20 -5.60 1997 - 2019 percent Quarterly
SA




Country Last Previous
China 6.40 Mar/19
India 5.80 Mar/19
Indonesia 5.07 Mar/19
Saudi Arabia 3.60 Dec/18
United States 3.20 Mar/19
Spain 2.40 Mar/19
Australia 1.80 Mar/19
United Kingdom 1.80 Mar/19
Netherlands 1.70 Mar/19
South Korea 1.70 Mar/19
Switzerland 1.70 Mar/19
Canada 1.30 Mar/19
Euro Area 1.20 Mar/19
France 1.20 Mar/19
Mexico 1.20 Mar/19
Singapore 1.20 Mar/19
Japan 0.90 Mar/19
Germany 0.70 Mar/19
Brazil 0.50 Mar/19
Russia 0.50 Mar/19
South Africa 0.00 Mar/19
Italy -0.10 Mar/19
Turkey -2.60 Mar/19
Argentina -5.80 Mar/19


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