Trade Balance in Czech Republic

Czech Republic Trade Balance (EUR) | Economic News & Forecasts

Czech Republic - Trade Balance (Euros)

The economy continued to grow at a healthy sequential pace in Q3 amid easing restrictions, although the year-on-year pace of expansion moderated on a waning base effect. Moving into Q4, underlying momentum has likely cooled, as consumer confidence weakened in November on elevated inflation and rising new Covid-19 cases. Moreover, the government recently tightened restrictions, likely weighing on activity. Meanwhile, five parties, ranging from the liberal-conservative Civic Democrats to the progressive Pirate Party, signed an agreement to form a new government in early November, with center-right Petr Fiala appointed as the new prime minister. The new cabinet has pledged to reduce budget deficits and strengthen pro-western ties with the EU and NATO. Due to the politically diverse nature of the coalition, economic management should not see any radical changes.

Czech Republic - Trade Balance (EUR) Data

2015   2016   2017   2018   2019  
Trade Balance (EUR billion)6.9  9.1  9.8  7.8  9.4  

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Czech Republic Trade Balance (EUR) 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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