Markets Actual Q2 Q3 Q4 Q1 2022
Currency 21.44 21.57 21.67 21.77 21.87 22.06
Stock Market (points) 1101.92 1084 1067 1049 1032 998
Government Bond 10Y (%) 1.78 1.83 1.89 1.95 2.02 2.15

Overview Actual Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) -0.30 2.1 3 1 1 0.7
GDP Annual Growth Rate (%) -2.10 9.8 5.2 5 5 2.5
Unemployment Rate (%) 4.20 5.5 5 4.8 4.5 4.1
Inflation Rate (%) 2.30 2.6 2.4 3.3 2.5 2.2
Inflation Rate Mom (%) 0.20 0.3 -0.1 0.1 0.1 0.2
Interest Rate (%) 0.25 0.25 0.25 0.5 1 1.5
Balance of Trade (CZK Million) 22496.00 7000 42000 11000 11000 11000
Current Account (EUR Million) 678.28 100 -2200 -1100 -1100 -1100
Current Account to GDP (%) -0.40 1 1 1 0.2 0.2
Government Debt to GDP (%) 38.10 40.2 40.2 40.2 40.2 40.5
Government Budget (% of GDP) -6.20 -7.9 -7.9 -7.9 -6.5 -6.5
Business Confidence (points) 94.80 84 85 86 86 89
Manufacturing PMI (points) 58.90 53 52.5 51 51 52.1
Consumer Confidence (points) 93.90 102 104 105 105 102
Retail Sales MoM (%) -1.60 1 0.5 0.3 0.3 0.4
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 2022
GDP Growth Rate (%) -0.30 2.1 3 1 1 0.7
GDP Annual Growth Rate (%) -2.10 9.8 5.2 5 5 2.5
GDP (USD Billion) 246.49 230 230 230 230 243
GDP Constant Prices (CZK Billion) 1263.32 1287 1321 1326 1326 1360
Gross National Product (CZK Million) 5395271.00 5924008 5675825 5665035 5665035 5806660
Gross Fixed Capital Formation (CZK Billion) 314.62 362 332 330 330 339
GDP per capita (USD) 23833.50 23100 23100 23100 23100 23900
GDP per capita PPP (USD) 40314.20 39800 39800 39800 39800 40500
GDP From Agriculture (CZK Million) 31858.00 31025 31466 33451 33451 34287
GDP From Construction (CZK Million) 52975.00 57773 56418 55624 55624 57014
GDP From Manufacturing (CZK Million) 324966.00 295660 334293 341214 341214 349745
GDP From Public Administration (CZK Million) 165159.00 173890 171029 173417 173417 177752
GDP From Services (CZK Million) 192082.00 198810 216304 201686 201686 206728

Labour Actual Q2 Q3 Q4 Q1 2022
Unemployment Rate (%) 4.20 5.5 5 4.8 4.5 4.1
Labour Costs (points) 129.79 129 130 130 122 124
Wages (CZK/Month) 38525.00 34520 34717 36584 35933 36472
Wages in Manufacturing (CZK/Month) 36569.00 33554 33132 36230 34148 34660
Minimum Wages (EUR/Month) 579.22 579 585 585 595 600
Population (Million) 10.70 10.72 10.72 10.72 10.72 10.74
Retirement Age Women 63.83 63.83 63.83 63.83 64 64
Retirement Age Men 63.83 63.83 63.83 63.83 64 64
Wage Growth (%) 3.80 1.3 1.4 1.5 1.5 1.5

Prices Actual Q2 Q3 Q4 Q1 2022
Inflation Rate (%) 2.30 2.6 2.4 3.3 2.5 2.2
Inflation Rate Mom (%) 0.20 0.3 -0.1 0.1 0.1 0.2
Consumer Price Index CPI (points) 113.80 114 115 113 116 118
Core Consumer Prices (points) 114.62 112 113 114 114 114
Producer Prices (points) 106.60 107 108 106 110 114
Producer Prices Change (%) 3.30 4 4.8 5.5 5.1 4.8
CPI Housing Utilities (points) 114.80 117 117 165 118 120
CPI Transportation (points) 109.70 107 106 113 110 112
Food Inflation (%) -0.30 0.5 1.5 1.6 2 2.2

Money Actual Q2 Q3 Q4 Q1 2022
Interest Rate (%) 0.25 0.25 0.25 0.5 1 1.5
Interbank Rate (%) 0.17 0.17 0.17 0.42 0.92 1.42
Deposit Interest Rate (%) 0.05 0.05 0.05 0.3 0.8 1.3
Lending Rate (%) 1.00 1 1 1.25 1.75 2.25
Cash Reserve Ratio (%) 2.00 2 2 2 2 2

Trade Actual Q2 Q3 Q4 Q1 2022
Balance of Trade (CZK Million) 22496.00 7000 42000 11000 11000 11000
Current Account (EUR Million) 678.28 100 -2200 -1100 -1100 -1100
Current Account to GDP (%) -0.40 1 1 1 0.2 0.2
Imports (CZK Million) 287278.00 327000 354000 307000 307000 312000
Exports (CZK Million) 309775.00 364000 394000 329000 329000 329000
External Debt (EUR Million) 163883.10 174200 174350 174500 174500 174500

Government Actual Q2 Q3 Q4 Q1 2022
Government Debt to GDP (%) 38.10 40.2 40.2 40.2 40.2 40.5
Government Budget (% of GDP) -6.20 -7.9 -7.9 -7.9 -6.5 -6.5
Government Spending (CZK Billion) 257.29 270 257 270 270 277
Government Spending to GDP (%) 41.90 46 46 46 46 43.2

Taxes Actual Q2 Q3 Q4 Q1 2022
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 2022
Business Confidence (points) 94.80 84 85 86 86 89
Manufacturing PMI (points) 58.90 53 52.5 51 51 52.1
Industrial Production (%) -2.60 11.8 5.5 3.2 4.5 3.8
Industrial Production Mom (%) -2.00 0.8 0.6 0.5 0.5 0.5

Consumer Actual Q2 Q3 Q4 Q1 2022
Consumer Confidence (points) 93.90 102 104 105 105 102
Retail Sales MoM (%) -1.60 1 0.5 0.3 0.3 0.4
Retail Sales YoY (%) 6.60 0.5 1.8 1.5 2.1 2.2
Consumer Spending (CZK Billion) 571.30 619 627 600 600 615
Consumer Credit (CZK Million) 263105.40 288133 278617 277715 275321 284657
Gasoline Prices (USD/Liter) 1.53 1.3 1.24 1.18 1.12 1.06

Housing Actual Q2 Q3 Q4 Q1 2022
Construction Output (%) -11.00 9.5 5 4.8 4.8 1.4


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.