Imports in Czech Republic
The Czech Republic recorded an average growth rate of 4.5% in the decade to 2022. In 2022, imports growth was 6.3%. For more imports information, visit our dedicated page.
Czech Republic Imports Chart
Czech Republic Imports Data
2018 | 2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|---|
Imports (G&S, ann. var. %) | 5.8 | 1.4 | -8.2 | 13.2 | 6.3 |
Economy rebounds in Q4
The economy expanded 0.2% in seasonally adjusted quarter-on-quarter terms in Q4, swinging from Q3’s 0.6% contraction. Meanwhile, output decreased 0.2% on a seasonally adjusted year-on-year basis in Q4, following the 0.8% contraction recorded in Q3.
According to a press release, external demand and consumption expenditure supported quarter-on-quarter growth. Meanwhile, employment decreased by 0.1% quarter on quarter.
Commenting on the outlook, Jiri Polansky, analyst at Erste, stated: “Economic activity should gradually improve over the course of this year. On the one hand, household consumption will recover, positively affected by a fall in inflation and a recovery in real wage growth. On the other hand, external demand will also strengthen in the context of (expected) improved developments in the Euro Area, which will spill over into Czech exports and investment activity. Risks remain elevated and skewed towards lower GDP.”
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Czech imports projections for the next ten years from a panel of 19 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable imports forecast available for Czech imports.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Czech imports projections.
Want to get access to the full dataset of Czech imports forecasts? Send an email to info@focus-economics.com.
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