Skyline of Prague, Czech Republic

Czech Republic Unemployment (% of active population, aop)

Unemployment Rate in Czech Republic

A revised estimate revealed that the economy contracted year on year in Q1, swinging from Q4’s timid increase, while it flatlined on a seasonally adjusted quarter-on-quarter basis. The annual decline was due to a sharper contraction in household spending and a downturn in fixed investment amid poor consumer confidence and elevated inflation and interest rates. April’s and May’s downbeat economic sentiment and contractionary PMI readings in the same two months point to further weakness in Q2. Meanwhile, in mid-April, the government unveiled an austerity plan designed to reduce the country’s sizable budget deficit and reform the financially-unsustainable retirement system. The plan includes measures such as hikes in taxes on alcohol, tobacco, and high-income earners; cuts to social welfare programs and public sector workers’ salaries; and an increase in the retirement age.

Czech Republic Unemployment Rate Chart

This chart displays Unemployment Rate for Czech Republic from 2013 to 2022.

Czech Republic Unemployment Rate Data

2017 2018 2019 2020 2021
Unemployment (% of active population, aop) 2.9 2.3 2.0 2.6 2.8

Free sample report

Interested in economic reports, analysis and data? FocusEconomics provides data, forecasts and analysis for hundreds of countries and commodities. Request your free sample report now.

Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest