The Czech Republic's economy expanded by 0.2 percent quarter-over-quarter in the second quarter of 2022, slowing slightly from a 0.9 percent advance in the previous period while analysts expected it to contract 0.4 percent, preliminary estimates showed. On the expenditure side, support came primarily from higher domestic demand. In the production scope, gross value added mainly rose in services, whereas industry and construction stagnated. On an annual basis, GDP rose 3.6 percent, beating the market consensus of 3.1 percent and slowing from a 4.9 percent gain in the previous quarter. source: Czech Statistical Office
GDP Growth Rate in Czech Republic averaged 0.55 percent from 1995 until 2022, 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 August of 2022.
GDP Growth Rate in Czech Republic is expected to be 0.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Czech Republic GDP Growth Rate is projected to trend around 1.30 percent in 2023 and 0.60 percent in 2024, according to our econometric models.