GDP in Czech Republic
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
|Economic Growth (GDP, annual variation in %)||5.4||2.4||4.5||2.8||2.5|
5 years of economic forecasts for more than 30 economic indicators.
Czech Republic GDP Chart
Source: Czech Statistical Office and FocusEconomics calculations.
Czech Republic Facts
|Bond Yield||1.64||-1.85 %||Dec 31|
|Exchange Rate||22.76||-0.66 %||Dec 30|
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November 25, 2022
The economic sentiment indicator, published by the Czech Statistical Office (CSO), rose to 90.1 in November from 89.8 in October. Consumer sentiment increased in November, with the index rising to 76.0 from 71.9 in October, which marked the weakest reading on record.
November 11, 2022
Inflation came in at 15.1% in October, which was down from September’s 18.0%.
November 9, 2022
Industrial output grew 8.3% year on year in working-day adjusted terms in September, which was above August's 7.2% increase.
November 4, 2022
The economy expanded 1.6% in seasonally adjusted year-on-year terms in Q3, following Q2’s 3.7% increase.
November 3, 2022
At its 3 November meeting, the Board of the Czech National Bank (CNB) left the two-week repo rate unchanged at 7.00%.