GDP in Czech Republic

Czech Republic GDP | Economic News & Forecasts

Czech Republic - GDP

Economy expands at softer pace in Q3

The economy expanded 1.6% in seasonally adjusted year-on-year terms in Q3, following Q2’s 3.7% increase. The war in Ukraine weighed on the economy, affecting supply chains, energy prices and the economic outlook. Meanwhile, output decreased 0.4% on a seasonally adjusted quarter-on-quarter basis in Q3, contrasting the 0.5% rise recorded in Q2.

External demand and capital spending made positive contributions to year-on-year growth in Q3, while consumer spending shrank. A detailed breakdown is scheduled to be released on 2 December.

FocusEconomics Consensus Forecast panelists expect the economy to expand 0.9% in 2023, which is down 0.2 percentage points from the previous month’s projection, and grow 3.2% in 2024.

Czech Republic - GDP Data

2015   2016   2017   2018   2019  
Economic Growth (GDP, annual variation in %)5.4  2.4  4.5  2.8  2.5  

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Czech Republic GDP Chart

CzechRepublic GDP
Note: Annual variation of gross domestic product (GDP) in %.
Source: Czech Statistical Office and FocusEconomics calculations.

Czech Republic Facts

Value Change Date
Bond Yield1.64-1.85 %Dec 31
Exchange Rate22.76-0.66 %Dec 30

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