Czech Republic | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.40 0.5 0.7 0.9 0.9 0.4 percent [+]
Unemployment Rate 5.10 4.8 4.7 4.7 4.5 5 percent [+]
Inflation Rate 2.50 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 48458.00 39068 41487 36757 37646 38012 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 24.87 25.89 26.14 26.4 26.91 30.76 [+]
Stock Market 979.45 961 951 941 922 776 points [+]
Government Bond 10Y 1.06 0.69 0.69 0.7 0.71 0.82 percent [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.40 0.5 0.7 0.9 0.9 0.4 percent [+]
GDP Annual Growth Rate 1.90 2.5 2.4 2.1 2 1.9 percent [+]
GDP 185.16 187 187 184 190 205 USD Billion [+]
GDP Constant Prices 1100.67 1104 1109 1111 1113 1126 CZK Billion [+]
Gross National Product 4255247.00 4199260 4239172 4279083 4318995 4731737 CZK MN [+]
Gross Fixed Capital Formation 275.18 278 281 282 284 283 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 20175.00 20067 19890 20079 19887 20002 CZK Million [+]
GDP From Construction 54708.00 54684 54377 53963 54138 53931 CZK Million [+]
GDP From Manufacturing 265288.00 267120 267321 268521 268380 269474 CZK Million [+]
GDP From Public Administration 141473.00 141782 142099 142396 142655 144344 CZK Million [+]
GDP From Services 181394.00 181473 181380 181359 181393 181350 CZK Million [+]
LABOUR Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 5.10 4.8 4.7 4.7 4.5 5 percent [+]
Unemployed Persons 380208.00 363195 358413 358612 355382 355995 [+]
Long Term Unemployment Rate 1.60 1.5 1.37 1.42 1.31 1.25 percent [+]
Youth Unemployment Rate 8.90 8.45 8.31 7.88 7.68 7.22 percent [+]
Labour Costs 110.39 114 110 110 113 118 Index Points [+]
Job Vacancies 143098.00 148299 158924 162286 162767 162468 [+]
Wages 29320.00 27638 28454 28335 30359 33249 CZK/Month [+]
Wages in Manufacturing 29141.00 27795 29140 27796 29139 29133 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 61.80 61.73 61.73 61.73 61.73 62.03 [+]
Retirement Age Men 63.20 63.07 63.07 63.07 63.07 63.38 [+]
Employed Persons 3962.90 3936 3967 3958 3987 4001 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 4741.40 4745 4761 4772 4778 4795 Thousand [+]
Wage Growth 2.80 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 114.70 110 109 109 109 109 Index Points [+]
Part Time Employment 286.90 291 291 288 286 283 Thousand [+]
Labor Force Participation Rate 60.10 60.06 60.17 60.31 60.29 60.38 percent [+]
Living Wage Family 17687.30 18813 18696 18708 18707 18707 CZK/Month [+]
Living Wage Individual 15835.00 15850 15845 15847 15846 15846 CZK/Month [+]
PRICES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate 2.50 1.8 2 2.1 2.4 2 percent [+]
Inflation Rate Mom 0.40 0.09 0.16 0.22 0.19 0.2 percent [+]
Harmonised Consumer Prices 104.90 106 107 107 108 108 Index Points [+]
Consumer Price Index CPI 196.70 197 198 199 199 207 Index Points [+]
Core Consumer Prices 104.58 105 105 105 105 105 Index Points [+]
Core Inflation Rate 1.84 1.94 1.94 1.95 1.95 1.95 percent [+]
GDP Deflator 108.50 108 109 109 109 110 Index Points [+]
Producer Prices 109.70 112 114 116 118 130 Index Points [+]
Producer Prices Change 3.10 0.4 0.8 1.2 1.6 2.2 percent [+]
Export Prices 101.00 101 101 101 101 101 Index Points [+]
Import Prices 102.20 103 103 104 104 104 Index Points [+]
Cpi Transportation 104.20 104 104 104 104 104 Index Points [+]
Food Inflation 4.60 4.54 4.75 4.69 4.72 4.71 percent [+]
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 510532.30 514696 519612 524737 529870 591416 CZK Million [+]
Money Supply M1 3301450.60 3347315 3429678 3509436 3588559 4515724 CZK Million [+]
Money Supply M2 3975026.40 3993607 4050826 4111845 4172651 4887974 CZK Million [+]
Foreign Exchange Reserves 111681.86 114985 126679 138664 150349 270461 USD Million [+]
Banks Balance Sheet 6515891.30 6504326 6599008 6713194 6823635 8010821 CZK Million [+]
Loans to Private Sector 1225874.25 1235025 1249770 1262338 1273459 1339451 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 2631584.20 2758470 3087865 3369955 3638107 6465585 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 48458.00 39068 41487 36757 37646 38012 CZK Million [+]
Exports 343255.00 344966 337400 339005 339198 338895 CZK Million [+]
Imports 294797.00 300342 298153 301626 300142 300581 CZK Million [+]
Current Account -845.40 2813 -263 -891 -597 -351 EUR Million [+]
Current Account to GDP 1.20 0.8 0.8 1.48 2.09 1.04 percent [+]
External Debt 130572.90 112000 112000 136000 116000 122000 EUR Million [+]
Terms of Trade 98.80 98.76 98.85 98.86 98.87 98.87 Index Points [+]
Capital Flows 5893.31 11624 14269 13608 13329 13387 CZK MN [+]
Foreign Direct Investment 11440.56 1644987 805927 -33133 -872194 -579104 CZK Million [+]
Remittances 489.10 458 498 468 497 492 EUR Million [+]
Gold Reserves 9.76 9.67 9.66 9.58 9.6 9.38 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 -5425.69 -260 -1741 -2124 -2141 -2135 CZK Million [+]
Government Spending 207.11 208 207 207 207 207 CZK Billion [+]
Government Spending to GDP 42.60 41.55 41.44 41.33 41.22 42.23 percent [+]
Government Revenues 91050.74 122099 118993 115365 112386 105271 CZK Million [+]
Government Debt 1836166.00 1828259 1800197 1772136 1744074 1511931 CZK Million [+]
Fiscal Expenditure 96476.44 103495 104344 103724 103771 103777 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 94.10 95.5 94.2 93.77 93.59 93.39 [+]
Manufacturing PMI 57.60 56.88 57.94 57.76 57.87 57.9 [+]
Industrial Production 9.60 6.61 8.08 8.61 3.6 2.5 percent [+]
Industrial Production Mom 3.50 0.4 0.5 0.32 0.4 0.4 percent [+]
Manufacturing Production 2.90 3 3.33 3.56 3.68 3.77 percent [+]
New Orders 107.04 109 110 110 110 110 Index Points [+]
Changes in Inventories 8.94 8.97 8.69 7.94 7.34 5.8 CZK Billion [+]
Car Registrations 20455.00 20716 21660 21067 21452 21311 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 [+]
Ease of Doing Business 27.00 36.55 36.67 36.79 36.91 45.19 [+]
Electricity Production 8650.00 8014 6578 6555 7483 7131 Gigawatt-hour [+]
Corruption Index 55.00 56 55 55 54 49 Points [+]
Corruption Rank 47.00 53.95 54.14 54.33 54.52 57.46 [+]
Steel Production 409.68 425 426 430 432 434 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 108.70 108 109 109 109 109 [+]
Retail Sales MoM 1.00 0.1 0.5 0.8 0.4 0.5 percent [+]
Retail Sales YoY 5.60 2.2 1.7 2.1 2.5 2.2 percent [+]
Consumer Spending 521.28 524 527 530 533 563 CZK Billion [+]
Personal Savings 10.71 10.8 11.78 11.78 12.21 11.81 percent [+]
Consumer Credit 219990.20 251263 292962 259123 282550 273147 CZK Million [+]
Private Sector Credit 2655645.95 2680349 2718390 2753503 2786590 3063565 CZK Million [+]
Gasoline Prices 1.18 1.16 1.12 1.14 1.15 1.14 USD/Liter [+]
Households Debt To Gdp 31.00 30.89 30.97 31.06 31.1 31.57 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 -0.20 -0.5 0.2 0.53 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. 3/28/2017