Markets Actual Q3 Q4 Q1 Q2 2022
Currency 21.73 21.84 21.99 22.13 22.29 22.59
Stock Market (points) 1322.40 1279 1252 1225 1199 1148
Government Bond 10Y (%) 2.05 2.07 2.12 2.17 2.22 2.33

Overview Actual Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) 1.00 2.6 1 1 0.8 0.7
GDP Annual Growth Rate (%) 8.20 4 4.3 2.8 2.8 3.5
Unemployment Rate (%) 3.60 3.5 3.7 3.6 3.3 3.5
Inflation Rate (%) 4.10 3.4 3.3 2.5 2.5 2.2
Inflation Rate Mom (%) 0.70 -0.1 0.1 0.1 0.3 0.2
Interest Rate (%) 0.75 1 1.25 1.25 1.5 1.75
Balance of Trade (CZK Million) -7200.00 30000 6000 22000 28000 5500
Current Account (EUR Million) 1075.50 -2200 -1100 -1100 -1100 -1100
Current Account to GDP (% of GDP) 3.60 -0.4 -0.4 -0.7 -0.7 -0.7
Government Debt to GDP (% of GDP) 38.10 44.5 44.5 47.3 47.3 47.3
Government Budget (% of GDP) -6.20 -7.9 -7.9 -6.5 -6.5 -6.5
Business Confidence (points) 95.30 96.3 102 102 103 103
Manufacturing PMI (points) 61.00 59.8 56 54.8 54.2 53.5
Consumer Confidence (points) 100.70 104 110 112 112 115
Retail Sales MoM (%) 0.50 0.5 0.3 0.3 0.4 0.4
Corporate Tax Rate (%) 19.00 19 19 19 19 19
Personal Income Tax Rate (%) 23.00 23 22 23 23 23

GDP Actual Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) 1.00 2.6 1 1 0.8 0.7
GDP Annual Growth Rate (%) 8.20 4 4.3 2.8 2.8 3.5
GDP (USD Billion) 243.53 230 230 230 230 243
GDP Constant Prices (CZK Billion) 1275.08 1304 1322 1297 1311 1368
Gross National Product (CZK Million) 5181108.00 5618320 5184382 5326179 5326179 5593032
Gross Fixed Capital Formation (CZK Billion) 345.70 331 361 341 355 357
GDP per capita (USD) 22843.04 23100 23100 23100 23100 23900
GDP per capita PPP (USD) 38319.34 39800 39800 39800 39800 40500
GDP From Agriculture (CZK Million) 30540.00 31096 18941 32413 31395 33559
GDP From Construction (CZK Million) 51048.00 55743 66488 52212 52477 54176
GDP From Manufacturing (CZK Million) 330306.00 330313 320546 335768 339555 351273
GDP From Public Administration (CZK Million) 167782.00 169924 159011 171059 172480 182736
GDP From Services (CZK Million) 197676.00 213695 226315 196358 203211 207933

Labour Actual Q3 Q4 Q1 Q2 2022
Unemployment Rate (%) 3.60 3.5 3.7 3.6 3.3 3.5
Labour Costs (points) 130.82 124 136 135 133 139
Wages (CZK/Month) 38275.00 36641 39664 36061 38849 40577
Wages in Manufacturing (CZK/Month) 36554.00 34821 37587 34577 37102 38451
Minimum Wages (EUR/Month) 596.36 585 585 595 595 600
Population (Million) 10.70 10.72 10.72 10.72 10.74 10.74
Retirement Age Women 63.83 63.83 63.83 64 64 64
Retirement Age Men 63.83 63.83 63.83 64 64 64
Wage Growth (%) 8.20 3.5 2.8 2.2 1.5 2.3

Prices Actual Q3 Q4 Q1 Q2 2022
Inflation Rate (%) 4.10 3.4 3.3 2.5 2.5 2.2
Inflation Rate Mom (%) 0.70 -0.1 0.1 0.1 0.3 0.2
Consumer Price Index CPI (points) 117.20 116 116 117 118 118
Producer Prices (points) 112.40 109 109 112 114 114
Producer Prices Change (%) 9.30 5.6 5.5 5.1 4.5 4.8
CPI Housing Utilities (points) 118.30 118 118 118 119 120
CPI Transportation (points) 114.70 109 110 112 115 112
Food Inflation (%) 1.60 1.1 1.6 2 2.1 2.2

Money Actual Q3 Q4 Q1 Q2 2022
Interest Rate (%) 0.75 1 1.25 1.25 1.5 1.75
Interbank Rate (%) 0.17 0.42 0.67 0.67 0.92 1.17
Deposit Interest Rate (%) 0.05 0.3 1.25 0.55 0.8 1.05
Lending Rate (%) 1.75 2 3.25 2.25 2.5 2.75
Cash Reserve Ratio (%) 2.00 2 2 2 2 2

Trade Actual Q3 Q4 Q1 Q2 2022
Balance of Trade (CZK Million) -7200.00 30000 6000 22000 28000 5500
Current Account (EUR Million) 1075.50 -2200 -1100 -1100 -1100 -1100
Current Account to GDP (% of GDP) 3.60 -0.4 -0.4 -0.7 -0.7 -0.7
Imports (CZK Million) 307054.00 324000 307000 347000 330000 309500
Exports (CZK Million) 299809.00 354000 313000 369000 358000 315000
External Debt (EUR Million) 164170.00 169500 171500 172500 174500 177700

Government Actual Q3 Q4 Q1 Q2 2022
Government Debt to GDP (% of GDP) 38.10 44.5 44.5 47.3 47.3 47.3
Government Budget (% of GDP) -6.20 -7.9 -7.9 -6.5 -6.5 -6.5
Government Spending (CZK Billion) 256.50 254 248 264 264 279
Government Spending to GDP (% of GDP) 47.50 48.1 48.1 45 45 45

Taxes Actual Q3 Q4 Q1 Q2 2022
Corporate Tax Rate (%) 19.00 19 19 19 19 19
Personal Income Tax Rate (%) 23.00 23 22 23 23 23
Sales Tax Rate (%) 21.00 21 21 21 21 21
Social Security Rate (%) 44.80 44.8 45 44.8 44.8 44.8
Social Security Rate For Companies (%) 33.80 33.8 34 33.8 33.8 33.8
Social Security Rate For Employees (%) 11.00 11 11 11 11 11

Business Actual Q3 Q4 Q1 Q2 2022
Business Confidence (points) 95.30 96.3 102 102 103 103
Manufacturing PMI (points) 61.00 59.8 56 54.8 54.2 53.5
Industrial Production (%) 7.00 5.5 3.2 2.1 4 3.8
Industrial Production Mom (%) 2.10 0.6 0.5 0.5 0.2 0.5

Consumer Actual Q3 Q4 Q1 Q2 2022
Consumer Confidence (points) 100.70 104 110 112 112 115
Retail Sales MoM (%) 0.50 0.5 0.3 0.3 0.4 0.4
Retail Sales YoY (%) 3.10 1.8 1.5 2.1 1.9 2.2
Consumer Spending (CZK Billion) 591.46 620 617 571 608 602
Consumer Credit (CZK Million) 271557.60 275439 275863 270472 276982 285518
Gasoline Prices (USD/Liter) 1.61 1.53 1.45 1.38 1.31 1.25

Housing Actual Q3 Q4 Q1 Q2 2022
Construction Output (%) 0.50 6.5 10.8 2.5 1.5 2.8


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.