The Czech Republic’s economy contracted 0.4% year-on-year in the first quarter of 2023, above preliminary estimates of 0.2% drop and compared to 0.3% growth in the previous period, second estimates showed. It was the first decline in two years, mainly influenced by decreases in household consumption and changes in inventories. source: Czech Statistical Office

GDP Annual Growth Rate in Czech Republic averaged 2.29 percent from 1997 until 2023, reaching an all time high of 9.10 percent in the second quarter of 2021 and a record low of -10.80 percent in the second quarter of 2020. 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 - data, historical chart, forecasts and calendar of releases - was last updated on June of 2023.

GDP Annual Growth Rate in Czech Republic is expected to be -0.70 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 Annual Growth Rate is projected to trend around 1.90 percent in 2024 and 2.10 percent in 2025, according to our econometric models.

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Czech Republic GDP Annual Growth Rate



Calendar GMT Actual Previous Consensus TEForecast
2023-05-02 07:00 AM YoY Prel Q1 -0.2% 0.3% -0.6% -0.6%
2023-05-30 07:00 AM YoY 2nd Est Q1 -0.4% 0.3% -0.2% -0.2%
2023-06-30 07:00 AM YoY Final Q1 0.3%


Related Last Previous Unit Reference
GDP Growth Rate 0.00 -0.40 percent Mar 2023
GDP Annual Growth Rate -0.40 0.30 percent Mar 2023
GDP Constant Prices 1324.36 1324.91 CZK Billion Mar 2023
Gross National Product 5834972.00 5424464.00 CZK Million Dec 2021
Gross Fixed Capital Formation 362.06 368.53 CZK Billion Mar 2023
GDP from Services 219930.00 216686.00 CZK Million Mar 2023
GDP from Public Administration 174810.00 174194.00 CZK Million Mar 2023
GDP from Manufacturing 332452.00 325835.00 CZK Million Mar 2023
GDP from Construction 49998.00 49049.00 CZK Million Mar 2023
GDP from Agriculture 26514.00 26115.00 CZK Million Mar 2023

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.
Actual Previous Highest Lowest Dates Unit Frequency
-0.40 0.30 9.10 -10.80 1997 - 2023 percent Quarterly
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