Trade Balance in Czech Republic

Czech Republic Trade Balance | Economic News & Forecasts

Czech Republic - Trade Balance

A second estimate revised up GDP growth for Q3, confirming strong underlying momentum. That said, economic dynamics should have cooled somewhat in the last quarter of 2021. Consumer confidence fell considerably on average in the quarter, amid soaring price pressures and the spread of the Omicron variant. Meanwhile, business sentiment also weakened, albeit to a lesser extent, while PMI readings continued to show sustained expansions in manufacturing activity throughout the quarter. On the external front, falling merchandise exports in October point to some weakness in the sector. In politics, Prime Minister Petr Fiala's new center-right government took office in mid-December and pledged to tackle the Covid-19 pandemic and mounting inflation. It will ask the lower house for a vote of confidence this month. The country started 2022 on a provisional budget, which should last until the end of March.

Czech Republic - Trade Balance Data

2015   2016   2017   2018   2019  
Trade Balance (USD billion)7.6  10.1  10.9  9.4  -     

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Czech Republic Trade Balance Chart

CzechRepublic Trade
Note: Trade balance in (EUR bn).
Source: Czech National Bank 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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