Czech Republic | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.20 0.5 0.7 0.9 0.9 0.4 percent [+]
Unemployment Rate 5.30 4.8 4.7 4.7 4.5 5 percent [+]
Inflation Rate 2.20 1.8 2 2.1 2.4 2 percent [+]
Interest Rate 0.05 0.05 0.05 0.05 0.05 0.75 percent [+]
Balance of Trade 21481.00 37938 37635 34332 35585 35571 CZK Million [+]
Government Debt to GDP 41.10 40.3 39.86 39.41 38.97 27.49 percent [+]
MARKETS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Currency 25.62 26.57 26.83 27.09 27.35 31.26 [+]
Stock Market 974.47 905 896 887 877 739 points [+]
Government Bond 10Y 0.85 0.48 0.48 0.49 0.48 0.56 percent [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.20 0.5 0.7 0.9 0.9 0.4 percent [+]
GDP Annual Growth Rate 1.70 2.5 2.4 2.1 2 1.9 percent [+]
GDP 185.16 187 187 184 190 205 USD Billion [+]
GDP Constant Prices 1097.03 1079 1069 1057 1045 1096 CZK Billion [+]
Gross National Product 4255247.00 4199260 4239172 4279083 4318995 4731737 CZK MN [+]
Gross Fixed Capital Formation 284.81 288 288 288 288 286 CZK Billion [+]
GDP per capita 21214.20 20780 21045 21311 21576 23162 USD [+]
GDP per capita PPP 30246.32 29955 30164 30372 30581 33439 USD [+]
GDP From Agriculture 19010.00 18468 18544 18568 18592 18827 CZK Million [+]
GDP From Construction 58048.00 55976 56097 55840 55907 55857 CZK Million [+]
GDP From Manufacturing 262422.00 265429 265495 266467 266332 267176 CZK Million [+]
GDP From Public Administration 140873.00 142342 142839 143144 143498 145637 CZK Million [+]
GDP From Services 182840.00 183716 183702 183724 183815 183826 CZK Million [+]
LABOUR Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 5.30 4.8 4.7 4.7 4.5 5 percent [+]
Unemployed Persons 389416.00 380095 376586 379550 376931 377956 [+]
Long Term Unemployment Rate 1.60 1.5 1.37 1.42 1.31 1.25 percent [+]
Youth Unemployment Rate 10.70 9.51 9.37 9.25 9.18 9.01 percent [+]
Labour Costs 104.73 106 103 99.99 101 99.93 Index Points [+]
Job Vacancies 135536.00 138229 141269 142268 142416 142310 [+]
Wages 27220.00 27455 28270 27967 29916 32303 CZK/Month [+]
Wages in Manufacturing 27054.00 27398 26867 27609 27669 30511 CZK/Month [+]
Minimum Wages 407.09 360 360 365 368 400 EUR/Month [+]
Population 10.54 10.53 10.54 10.55 10.55 10.57 Million [+]
Retirement Age Women 61.40 61.4 61.4 61.4 61.4 61.4 [+]
Retirement Age Men 62.80 62.8 62.8 62.8 62.8 62.8 [+]
Employed Persons 3928.30 3922 3954 3941 3968 3977 Thousand [+]
Employment Change 0.00 0.66 0.29 0.25 0.44 0.39 percent [+]
Employment Rate 72.20 72.08 72.58 72.52 72.72 73.71 percent [+]
Full Time Employment 4720.10 4721 4739 4737 4741 4750 Thousand [+]
Wage Growth 4.00 4.5 4.2 4 3.8 2.5 percent [+]
Wages Low Skilled 13400.00 13920 13930 13932 13933 13933 CZK/Month [+]
Wages High Skilled 34500.00 33637 33424 33241 33083 32257 CZK/Month [+]
Productivity 117.00 103 103 103 103 103 Index Points [+]
Part Time Employment 282.50 294 294 291 288 285 Thousand [+]
Labor Force Participation Rate 59.80 59.86 59.96 59.99 59.94 60.01 percent [+]
Living Wage Family 17687.30 18813 18696 18708 18707 18707 CZK/Month [+]
Living Wage Individual 16000.00 15850 15845 15847 15846 15846 CZK/Month [+]
PRICES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate 2.20 1.8 2 2.1 2.4 2 percent [+]
Inflation Rate Mom 0.80 0.04 0.18 0.19 0.17 0.17 percent [+]
Harmonised Consumer Prices 102.30 103 103 103 103 103 Index Points [+]
Consumer Price Index CPI 196.00 196 197 198 198 206 Index Points [+]
Core Consumer Prices 104.17 104 105 105 105 107 Index Points [+]
Core Inflation Rate 1.46 1.43 1.44 1.44 1.44 1.44 percent [+]
GDP Deflator 107.80 107 107 107 107 107 Index Points [+]
Producer Prices 110.70 112 114 116 118 130 Index Points [+]
Producer Prices Change -0.40 0.4 0.8 1.2 1.6 2.2 percent [+]
Export Prices 99.70 99.75 99.77 99.77 99.77 99.77 Index Points [+]
Import Prices 101.10 102 102 102 102 102 Index Points [+]
Food Inflation 3.50 3.59 3.72 3.62 3.67 3.66 percent [+]
Cpi Transportation 103.90 105 104 104 104 104 Index Points [+]
MONEY Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Interest Rate 0.05 0.05 0.05 0.05 0.05 0.75 percent [+]
Interbank Rate 0.17 0.17 0.17 0.17 0.17 0.17 percent [+]
Money Supply M0 514298.00 505255 511754 518246 524733 602852 CZK Million [+]
Money Supply M1 3244822.40 3313564 3397055 3482329 3569457 4784604 CZK Million [+]
Money Supply M2 3882968.60 3931498 3983064 4034708 4085875 4692530 CZK Million [+]
Foreign Exchange Reserves 103944.80 108774 118423 127404 136175 227873 USD Million [+]
Banks Balance Sheet 6020061.40 6116740 6165878 6220799 6273160 6792839 CZK Million [+]
Loans to Private Sector 1192349.48 1198404 1201658 1204505 1207004 1221081 CZK Million [+]
Deposit Interest Rate 0.05 0.05 0.05 0.05 0.05 0.05 percent [+]
Cash Reserve Ratio 2.00 2 2 2 2 2 percent [+]
Central Bank Balance Sheet 2224767.40 2346544 2461729 2574995 2686603 3905772 CZK Million [+]
Private Debt to GDP 136.05 139 138 136 135 127 percent [+]
Lending Rate 0.25 0.25 0.25 0.25 0.25 0.25 percent [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade 21481.00 37938 37635 34332 35585 35571 CZK Million [+]
Exports 305761.00 341572 326319 333254 331096 331414 CZK Million [+]
Imports 284280.00 296232 291085 296294 293862 294715 CZK Million [+]
Current Account -829.37 -40.41 -2.06 -15.23 -12.97 -17 EUR Million [+]
Current Account to GDP 1.20 0.8 0.8 1.48 2.09 1.04 percent [+]
External Debt 126668.30 112000 112000 170000 116000 122000 EUR Million [+]
Terms of Trade 98.60 98.14 98.02 97.98 97.98 97.97 Index Points [+]
Capital Flows 3293.20 12747 14608 13903 13685 13742 CZK MN [+]
Foreign Direct Investment 2804688.11 2858623 2817526 2776429 2735332 2681059 CZK Million [+]
Remittances 489.10 458 498 468 497 492 EUR Million [+]
Gold Reserves 9.76 9.65 9.64 9.55 9.56 9.31 Tonnes [+]
Crude Oil Production 3.00 2.96 2.97 2.97 2.96 2.97 BBL/D/1K [+]
Terrorism Index 2.18 2.56 2.46 2.35 2.25 2.7 [+]
Weapons Sales 120.00 61.79 68.27 74.74 86.4 33.47 USD Million [+]
GOVERNMENT Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Government Debt to GDP 41.10 40.3 39.86 39.41 38.97 27.49 percent [+]
Government Budget -0.40 -1 -1 -1.45 -0.9 0.3 percent of GDP [+]
Government Budget Value 9100.08 -470 -1764 -1988 -2014 -2006 CZK Million [+]
Government Spending 208.77 210 210 210 210 210 CZK Billion [+]
Government Spending to GDP 42.60 41.55 41.44 41.33 41.22 42.23 percent [+]
Government Revenues 106170.41 121710 119237 115300 112436 104912 CZK Million [+]
Government Debt 1836166.00 1828259 1800197 1772136 1744074 1511931 CZK Million [+]
Fiscal Expenditure 97070.33 103563 104567 104576 104650 104662 CZK Million [+]
Asylum Applications 80.00 96.01 94.79 94.19 94.28 94.26 persons [+]
Military Expenditure 2099.30 2044 2074 2104 2106 2130 USD Million [+]
BUSINESS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Business Confidence 97.00 97.57 97.83 98 98.08 98.17 [+]
Manufacturing PMI 55.70 54.98 55.46 55.46 55.42 55.42 [+]
Industrial Production 2.70 2.92 3.18 3.36 3.6 2.5 percent [+]
Industrial Production Mom -2.20 0.4 0.5 0.31 0.4 0.4 percent [+]
Manufacturing Production 2.90 3 3.33 3.56 3.68 3.77 percent [+]
New Orders 109.43 107 109 108 109 109 Index Points [+]
Changes in Inventories 8.93 10.27 9.13 8.21 7.52 5.51 CZK Billion [+]
Car Registrations 20818.00 20900 21666 21197 21522 21411 Cars [+]
Competitiveness Index 4.72 4.71 4.71 4.71 4.71 4.72 Points [+]
Competitiveness Rank 31.00 31.48 31.48 33.13 33.68 47.32 [+]
Corporate Profits 297159.00 299534 308664 317793 326923 392107 CZK Million [+]
Corruption Index 56.00 54.44 55.11 55.78 56.45 51.36 Points [+]
Corruption Rank 47.00 53.95 54.14 54.33 54.52 57.46 [+]
Ease of Doing Business 27.00 36.55 36.67 36.79 36.91 45.19 [+]
Electricity Production 7692.00 7509 6750 6743 7195 7020 Gigawatt-hour [+]
Steel Production 431.53 426 429 432 433 434 Thousand Tonnes [+]
Mining Production -26.50 -7.72 -4.75 -4.57 -4.58 -4.58 percent [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Consumer Confidence 110.00 108 108 108 108 108 [+]
Retail Sales MoM -1.40 0.1 0.5 0.8 0.4 0.5 percent [+]
Retail Sales YoY 3.00 2.2 1.7 2.1 2.5 2.2 percent [+]
Consumer Spending 516.50 523 527 530 534 575 CZK Billion [+]
Personal Savings 10.71 10.8 11.78 11.78 12.21 11.81 percent [+]
Consumer Credit 220962.90 309914 338205 339684 339909 339926 CZK Million [+]
Private Sector Credit 2620185.16 2644597 2669253 2692505 2714321 2891210 CZK Million [+]
Gasoline Prices 1.22 1.39 1.34 1.3 1.31 1.32 USD/Liter [+]
Households Debt To Gdp 30.70 30.19 30.14 30.12 30.09 29.73 percent of GDP [+]
Households Debt To Income 57.55 56.51 57.1 57.7 58.29 60.64 percent [+]
HOUSING Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Construction Output 1.90 -0.5 0.2 0.41 0.6 1.5 percent [+]
Housing Index 113.00 117 116 116 114 113 Index points [+]
Building Permits 7084.00 6719 6917 7105 6964 6963 units [+]
Housing Starts 7766.00 6531 7234 7458 7537 7583 [+]
Home Ownership Rate 78.00 77.86 77.7 77.54 77.37 76.31 percent [+]
TAXES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Corporate Tax Rate 19.00 19 19 19 19 19 percent [+]
Personal Income Tax Rate 15.00 15 15 15 15 15 percent [+]
Sales Tax Rate 21.00 21 21 21 21 21 percent [+]
Social Security Rate 45.00 45 45 45 45 45 percent [+]
Social Security Rate For Companies 34.00 34 34 34 34 34 percent [+]
Social Security Rate For Employees 11.00 11 11 11 11 11 percent [+]





Economic Forecasts for Czech Republic including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Czech Republic economy. 2/22/2017