Czech Republic GDP Q2 2022

Czech Republic

Czech Republic: Economy expands at softer pace in Q2

July 29, 2022

The economy expanded 3.6% in seasonally-adjusted year-on-year terms in Q2, following Q1’s 4.9% increase. The war in Ukraine weighed on the economy, affecting supply chains, energy prices and the economic outlook. Meanwhile, output increased 0.2% on a seasonally-adjusted quarter-on-quarter basis in Q2, following the 0.9% rise recorded in Q4.

Household and capital spending made positive contributions to year-on-year growth in Q2, while domestic demand supported the quarter-on-quarter expansion. A detailed breakdown is scheduled to be released on 30 August.

FocusEconomics analysts see GDP expanding 4.6% in 2022, which is down 0.1 percentage points from last month’s forecast, and 3.6% in 2023.


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Czech Republic GDP Chart

Czech Republic GDP Q1  2022

Note: Year-on-year changes of seasonally-adjusted GDP in %.
Source: Czech Statistical Office (CSO) and FocusEconomics calculations.

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