Skyline of Prague, Czech Republic

Czech Republic GDP Q4 2023

Czech Republic: Economy records best result since Q4 2022 in Q4

GDP declined at a slower pace of 0.2% year on year in the fourth quarter, above the 0.8% contraction logged in the third quarter. Q4’s reading marked the best result since Q4 2022. On a seasonally-adjusted quarter-on-quarter basis, GDP rebounded, expanding 0.2% in Q4, contrasting the previous period’s 0.8% decrease.

The upturn reflected improvements in private consumption, fixed investment and exports compared to the previous period.

Private consumption recorded the smallest drop in over a year, contracting 0.5% in the final quarter (Q3: -2.3% yoy). Moreover, fixed investment growth accelerated somewhat to 4.7% in Q4, compared to the 4.4% expansion in the prior quarter. Public spending growth, meanwhile, was the slowest since Q3 2023, expanding 1.9% (Q3: +3.7% yoy). Exports of goods and services bounced back, growing 1.0% in Q4 (Q3: -0.5% yoy). Conversely, imports of goods and services slid at a quicker rate of 4.7% in Q4 (Q3: -1.8% yoy).

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest