Czech Republic GDP Growth Rate  1996-2017 | Data | Chart | Calendar

The Czech Republic economy advanced 0.2 percent on quarter in the last three months of 2016, the same as in the previous period but well below market expectations of a 0.6 percent expansion. Household spending and external demand were the main drivers of growth, preliminary estimates showed. On the production side, growth was mainly supported mainly by manufacturing. Year-on-year, the economy advanced 1.7 percent, lower than 1.9 percent in the previous quarter and forecasts of 2.3 percent. Considering full 2016, the GDP grew 2.3 percent, below the central bank's forecast of 2.4 percent. Domestic and external demand was favorable for most industries, especially for manufacturing. In contrast, construction shrank. GDP Growth Rate in Czech Republic averaged 0.57 percent from 1996 until 2016, reaching an all time high of 2.30 percent in the first quarter of 2006 and a record low of -3.70 percent in the first quarter of 2009.

Czech Republic GDP Growth Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-11-15 08:00 AM Q3 0.3% 0.9% 0.4% 0.6%
2016-12-02 08:00 AM Q3 0.2% 0.9% 0.3% 0.3%
2017-02-14 08:00 AM Q4 0.2% 0.2% 0.6% 0.4%
2017-03-03 08:00 AM Q4 0.2% 0.2% 0.2%
2017-05-16 07:00 AM Q1 0.5%
2017-06-02 07:00 AM Q1 0.5%




Czech Republic GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.20 0.20 2.30 -3.70 percent [+]
GDP Annual Growth Rate 1.70 1.90 7.30 -5.70 percent [+]
GDP 185.16 207.82 235.21 4.90 USD Billion [+]
GDP Constant Prices 1097.03 1094.32 1097.03 680.52 CZK Billion [+]
Gross National Product 4255247.00 3926642.00 4255247.00 627979.00 CZK MN [+]
Gross Fixed Capital Formation 284.81 275.09 301.80 177.77 CZK Billion [+]
GDP per capita 21214.20 20343.63 21214.20 12277.41 USD [+]
GDP per capita PPP 30246.32 29005.10 30246.32 17504.62 USD [+]
GDP From Agriculture 19010.00 18720.00 21253.00 10955.00 CZK Million [+]
GDP From Construction 58048.00 57065.00 80296.00 48922.00 CZK Million [+]
GDP From Manufacturing 262422.00 260630.00 262422.00 84825.00 CZK Million [+]
GDP From Public Administration 140873.00 141401.00 141401.00 120303.00 CZK Million [+]
GDP From Services 182840.00 183230.00 183230.00 105811.00 CZK Million [+]



Czech Republic GDP Growth Rate Notes

Czech Republic has one of the most developed industrialized economies among the emerging democracies in central and eastern Europe. The auto industry along with its upstream suppliers accounts for nearly 24 percent of total Czech manufacturing. On the expenditure side, household consumption is the main component of GDP and accounts for 49 percent of its total use, followed by gross fixed capital formation (25 percent) and government expenditure (19 percent). Exports of goods and services account for 84 percent of GDP while imports account for 77 percent, adding 7 percent of total GDP. This page provides the latest reported value for - Czech Republic GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Czech Republic GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on February of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.20 0.20 2.30 -3.70 1996 - 2016 percent Quarterly
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