The Czech Republic economy retreated 2.1 percent year-on-year in the first quarter of 2021, following a downwardly revised 4.7% slump in the previous period and less than expectations of a 2.6 percent drop. The economy was weighed down by a continuously declining household consumption, while government spending and foreign demand contributed positively to total output. source: Czech Statistical Office
GDP Annual Growth Rate in Czech Republic averaged 2.18 percent from 1997 until 2021, reaching an all time high of 7.40 percent in the second quarter of 2006 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 April of 2021.
GDP Annual Growth Rate in Czech Republic is expected to be 9.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Czech Republic to stand at 5.00 in 12 months time. In the long-term, the Czech Republic GDP Annual Growth Rate is projected to trend around 2.50 percent in 2022, according to our econometric models.