The Czech Republic's economy shrank 0.3% quarter-on-quarter in the first quarter of 2021, matching initial estimates and following a 0.6% growth in the previous period. Household consumption decreased 0.2%, government spending fell 3.6% and exports slumped 2.2%. On a yearly basis, the GDP declined 2.1%, in line with the preliminary estimate and following a 4.8% fall in the previous period. source: Czech Statistical Office
GDP Growth Rate in Czech Republic averaged 0.53 percent from 1995 until 2021, reaching an all time high of 7.10 percent in the third quarter of 2020 and a record low of -8.70 percent in the second quarter of 2020. This page provides the latest reported value for - Czech Republic GDP 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 Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2021.
GDP Growth Rate in Czech Republic is expected to be 1.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Czech Republic to stand at 1.00 in 12 months time. In the long-term, the Czech Republic GDP Growth Rate is projected to trend around 0.70 percent in 2022 and 0.60 percent in 2023, according to our econometric models.