Czech Republic | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 0.20 0.3 0.7 0.4 0.6 0.4 percent [+]
Unemployment Rate 4.90 4.8 5.3 4.6 4.4 5 percent [+]
Inflation Rate 1.50 0.5 0.7 1 1.3 2 percent [+]
Interest Rate 0.05 0.05 0.05 0.05 0.05 0.75 percent [+]
Balance of Trade 47421.10 39092 41427 41536 41336 41375 CZK Million [+]
Government Debt to GDP 41.10 38.97 38.23 37.5 36.76 27.49 percent [+]
MARKETS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Currency 25.46 25.7 25.96 26.21 26.47 30.54 [+]
Stock Market 900.10 881 872 863 854 712 points [+]
Government Bond 10Y 0.60 0.64 0.64 0.65 0.66 0.76 percent [+]
GDP Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 0.20 0.3 0.7 0.4 0.6 0.4 percent [+]
GDP Annual Growth Rate 1.90 2.3 2.5 2.4 2.1 1.9 percent [+]
GDP 181.81 185 187 187 180 205 USD Billion [+]
GDP Constant Prices 1094.32 1105 1099 1080 1089 662 CZK Billion [+]
Gross National Product 4255247.00 4329170 4352675 4376179 4399684 4811042 CZK MN [+]
Gross Fixed Capital Formation 275.09 288 288 288 288 286 CZK Billion [+]
GDP per capita 20955.50 21576 21693 21809 21926 23162 USD [+]
GDP per capita PPP 29805.33 30612 30786 30961 31135 33234 USD [+]
GDP From Agriculture 18720.00 18464 18468 18544 18568 18827 CZK Million [+]
GDP From Construction 57065.00 56305 55976 56097 55840 55857 CZK Million [+]
GDP From Manufacturing 260630.00 263844 265429 265495 266467 267176 CZK Million [+]
GDP From Public Administration 141401.00 142134 142342 142839 143144 145637 CZK Million [+]
GDP From Services 183230.00 183447 183716 183702 183724 183826 CZK Million [+]
LABOUR Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Unemployment Rate 4.90 4.8 5.3 4.6 4.4 5 percent [+]
Unemployed Persons 362755.00 365253 368339 363578 365728 364463 [+]
Long Term Unemployment Rate 1.70 1.49 1.5 1.37 1.42 1.25 percent [+]
Youth Unemployment Rate 9.80 9.85 9.51 9.37 9.25 9.01 percent [+]
Labour Costs 104.46 103 106 103 99.99 99.93 Index Points [+]
Job Vacancies 135300.00 132482 126381 124338 124091 124397 [+]
Wages 27297.00 29052 27455 28270 27967 32303 CZK/Month [+]
Wages in Manufacturing 27619.00 27398 26867 27609 27669 30511 CZK/Month [+]
Minimum Wages 364.90 360 360 360 365 400 EUR/Month [+]
Population 10.54 10.55 10.55 10.56 10.56 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 3921.30 3950 3922 3954 3941 3977 Thousand [+]
Employment Change 0.30 0.51 0.71 0.37 0.4 0.49 percent [+]
Employment Rate 71.70 71.97 72.08 72.58 72.52 73.71 percent [+]
Full Time Employment 4720.10 4728 4721 4739 4737 4750 Thousand [+]
Wage Growth 4.00 4.6 4.5 4.5 3.26 2.5 percent [+]
Wages Low Skilled 13400.00 13888 13920 13930 13932 13933 CZK/Month [+]
Wages High Skilled 34500.00 33883 33637 33424 33241 32257 CZK/Month [+]
Productivity 102.30 103 103 103 103 103 Index Points [+]
Part Time Employment 282.50 294 294 294 291 285 Thousand [+]
Labor Force Participation Rate 59.80 59.83 59.86 59.96 59.99 60.01 percent [+]
Living Wage Family 25400.00 25622 25438 25590 25465 25518 CZK/Month [+]
Living Wage Individual 16000.00 16067 16067 16067 16067 16067 CZK/Month [+]
PRICES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Inflation Rate 1.50 0.5 0.7 1 1.3 2 percent [+]
Inflation Rate Mom 0.30 0.13 0.03 0.1 0.08 0.08 percent [+]
Harmonised Consumer Prices 100.80 101 101 101 101 101 Index Points [+]
Consumer Price Index CPI 193.20 194 194 194 195 201 Index Points [+]
Core Consumer Prices 0.19 0.05 0.05 0.05 0.05 0.05 percent [+]
Core Inflation Rate 0.19 0.05 0.05 0.05 0.05 0.05 percent [+]
GDP Deflator 107.30 108 107 107 107 107 Index Points [+]
Producer Prices 110.10 111 111 111 111 111 Index Points [+]
Producer Prices Change -1.70 -2.2 -1.8 -1.8 -1.12 1.4 percent [+]
Export Prices 98.50 98.43 98.43 98.43 98.43 98.43 Index Points [+]
Import Prices 98.10 98.27 98.31 98.33 98.34 98.35 Index Points [+]
Food Inflation 1.60 2.65 2.82 3.02 2.89 2.93 percent [+]
Cpi Transportation 101.10 102 102 102 102 102 Index Points [+]
MONEY Actual Q4/16 Q1/17 Q2/17 Q3/17 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 495685.40 498956 505628 512296 518962 606465 CZK Million [+]
Money Supply M1 3131138.10 3231805 3313776 3397595 3483326 4800930 CZK Million [+]
Money Supply M2 3821815.40 3833953 3882785 3931655 3981006 4681273 CZK Million [+]
Foreign Exchange Reserves 85374.50 86165 86758 87054 87026 87064 USD Million [+]
Banks Balance Sheet 6122767.70 6116120 6237175 6367971 6509982 10714756 CZK Million [+]
Loans to Private Sector 1217536.27 1243701 1267515 1288768 1307730 1429113 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 2146607.80 2227908 2350799 2467268 2581817 3927299 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 Q4/16 Q1/17 Q2/17 Q3/17 2020
Balance of Trade 47421.10 39092 41427 41536 41336 41375 CZK Million [+]
Exports 341342.39 314415 331219 325360 326329 326481 CZK Million [+]
Imports 293921.30 281416 289984 285392 287611 286990 CZK Million [+]
Current Account -2.08 -200 -91.22 -50.18 -45.11 -60.93 EUR Million [+]
Current Account to GDP 1.20 0.8 0.8 0.8 1.6 1.04 percent [+]
External Debt 123596.10 112000 112000 112000 178876 122000 EUR Million [+]
Terms of Trade 100.40 100 100 100 100 100 Index Points [+]
Capital Flows -13200.54 9964 15404 14728 14344 14394 CZK MN [+]
Foreign Direct Investment 2804688.11 2735332 2748882 2762433 2775984 2681059 CZK Million [+]
Remittances 486.10 498 458 498 468 492 EUR Million [+]
Gold Reserves 9.76 9.73 9.65 9.64 9.55 9.31 Tonnes [+]
Crude Oil Production 3.00 2.97 2.96 2.97 2.97 2.97 BBL/D/1K [+]
Terrorism Index 2.18 2.25 2.24 2.22 2.21 2.7 [+]
Weapons Sales 120.00 61.79 68.27 74.74 86.4 33.47 USD Million [+]
GOVERNMENT Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Government Debt to GDP 41.10 38.97 38.23 37.5 36.76 27.49 percent [+]
Government Budget -0.40 -0.3 -1 -1 -2.08 0.3 percent of GDP [+]
Government Budget Value 16061.19 -2967 -447 -1122 -1078 -1086 CZK Million [+]
Government Spending 209.28 210 210 210 210 210 CZK Billion [+]
Government Spending to GDP 42.60 41.22 41.33 41.43 41.53 42.23 percent [+]
Government Revenues 101502.85 111754 108095 107946 107167 105697 CZK Million [+]
Government Debt 1836166.00 1744074 1727904 1711733 1695563 1511931 CZK Million [+]
Fiscal Expenditure 85441.66 101775 100424 100639 100706 100714 CZK Million [+]
Asylum Applications 90.00 93.56 92.97 93.1 93.09 93.09 persons [+]
Military Expenditure 2099.30 2044 2074 2104 2106 2130 USD Million [+]
BUSINESS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Business Confidence 97.50 97.54 98 98.35 98.55 98.77 [+]
Manufacturing PMI 52.20 51.82 52.44 52.36 52.34 52.36 [+]
Industrial Production -1.70 1.9 3.12 5.88 5.76 2.5 percent [+]
Industrial Production Mom -0.40 0.3 0.4 0.5 0.35 0.4 percent [+]
Manufacturing Production 3.60 3.89 5.08 4.29 4.52 4.62 percent [+]
New Orders 102.39 105 106 107 107 107 Index Points [+]
Changes in Inventories 19.41 11.64 10.27 9.13 8.21 5.51 CZK Billion [+]
Car Registrations 21905.00 22555 21114 22297 21736 21978 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 326923 330632 334342 338051 392107 CZK Million [+]
Corruption Index 56.00 56.45 56.39 56.33 56.27 51.36 Points [+]
Corruption Rank 37.00 54.52 54.7 54.89 55.07 57.45 [+]
Ease of Doing Business 27.00 36.43 36.67 36.79 36.91 45.19 [+]
Electricity Production 6882.00 7393 7509 6750 6743 7020 Gigawatt-hour [+]
Steel Production 399.00 416 426 429 432 434 Thousand Tonnes [+]
Mining Production -11.60 -6.75 -3.93 -3.7 -3.71 -3.71 percent [+]
CONSUMER Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Consumer Confidence 107.90 108 107 108 108 108 [+]
Retail Sales MoM -0.30 0.4 0.1 0.5 0.8 0.5 percent [+]
Retail Sales YoY 3.10 3 2.2 1.7 2.1 2.2 percent [+]
Consumer Spending 510.27 520 523 527 530 575 CZK Billion [+]
Personal Savings 11.59 12.59 10.8 11.78 11.78 11.81 percent [+]
Consumer Credit 1397856.55 1422841 1447167 1471086 1494621 1768274 CZK Million [+]
Private Sector Credit 2633956.76 2669579 2720131 2767971 2813299 3225730 CZK Million [+]
Gasoline Prices 1.09 1.03 1 1.05 1.06 1.05 USD/Liter [+]
Households Debt To Gdp 30.20 30.29 30.19 30.14 30.12 29.73 percent of GDP [+]
Households Debt To Income 57.55 58.29 58.46 58.63 58.8 60.64 percent [+]
HOUSING Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Construction Output -8.50 -2.2 -0.5 0.2 -8.01 1.5 percent [+]
Housing Index 111.00 116 117 116 116 113 Index points [+]
Building Permits 7155.00 6768 6922 6969 6836 6872 units [+]
Housing Starts 6970.00 6330 6040 7023 6888 6610 [+]
Home Ownership Rate 78.00 77.37 77.27 77.16 77.05 76.31 percent [+]
TAXES Actual Q4/16 Q1/17 Q2/17 Q3/17 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. 12/9/2016