Czech Republic GDP Growth Rate

The Gross Domestic Product (GDP) in Czech Republic expanded 1.80 percent in the fourth quarter of 2013 over the previous quarter. GDP Growth Rate in Czech Republic is reported by the Czech Statistical Office. GDP Growth Rate in Czech Republic averaged 0.52 Percent from 1996 until 2013, reaching an all time high of 2.50 Percent in the first quarter of 2007 and a record low of -3.60 Percent in the first quarter of 2009. Czech Republic has one of the most developed industrialized economies among the emerging democracies in central and eastern Europe, the . It is one of the most stable and prosperous of the post-Communist states of Central and Eastern Europe. The Czech Republic has a well-educated population and a well-developed infrastructure. The country's strategic location in Europe, low-cost structure, and skilled work force have attracted strong inflows of foreign direct investment (FDI). This page provides - Czech Republic GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-18

Actual Previous Highest Lowest Forecast Dates Unit Frequency
1.80 0.20 2.50 -3.60 0.19 | 2014/03 1996 - 2013 Percent Quarterly

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Czech Republic GDP Growth Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-12-04 08:00 AM Czech Republic
GDP Growth Rate QoQ - Final
Q3 2013 -0.1% 0.6% -0.50%
2014-01-09 08:00 AM Czech Republic
GDP Growth Rate QoQ - Final
Q3 2013 0.2% 0.3% (R) -0.1% -0.1%
2014-02-14 08:00 AM Czech Republic
GDP Growth Rate QoQ Adv
Q4 2013 1.6% 0.2% 0.5% -0.17%
2014-03-06 08:00 AM Czech Republic
GDP Growth Rate QoQ
Q4 2013 1.8% 0.2% 1.6% -0.17%
2014-07-01 08:00 AM Czech Republic
GDP Growth Rate QoQ
Q1 2014 1.8% 0.19%
2014-09-30 08:00 AM Czech Republic
GDP Growth Rate QoQ
Q2 2014 0.25%
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GDP Last Previous Highest Lowest Forecast Unit
GDP Constant Prices 902.10 2013-11-15 886.00 915.40 600.00 895.85 2014-03-31 CZK Billion [+]
Gross Fixed Capital Formation 216.32 2013-11-15 205.71 273.06 5.00 211.66 2014-03-31 CZK Billion [+]
Gross National Product 3560995.00 2012-06-29 3565877.00 3668012.00 627979.00 3562703.21 2012-12-31 CZK MN [+]
GDP per capita 14198.77 2012-12-31 14414.94 14554.94 8604.79 14050.08 2013-12-31 USD [+]
GDP per capita PPP 23763.40 2012-12-31 24125.19 24359.49 14401.19 23514.55 2013-12-31 USD [+]
GDP Growth Rate 1.80 2013-12-31 0.20 2.50 -3.60 0.19 2014-03-31 Percent [+]
GDP Annual Growth Rate 1.20 2013-12-31 -1.20 7.65 -4.72 -1.57 2014-03-31 Percent [+]
GDP 229.80 2012-12-31 249.90 253.20 4.90 221.28 2013-12-31 USD Billion [+]
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GDP Growth Rate | Notes
The GDP Growth Rate shows a percentage change in the seasonally adjusted GDP value in the certain quarter, compared to the previous quarter. Because of climatic conditions and holidays, the intensity of the production varies throughout the year. This makes a direct comparison of two consecutive quarters difficult. In order to adjust for these conditions, many countries calculate the quarterly GDP using so called seasonally adjusted method. The Gross Domestic Product can be determined using three different approaches: the product, the income, and the expenditure technique, which should give the same result. In sum, the product technique sums the outputs of every class of enterprise. The expenditure technique works on the principle that every product must be bought by somebody, therefore the value of the total product must be equal to people's total expenditures in buying products and services. The income technique works on the principle that the incomes of the productive factors must be equal to the value of their product, and determines GDP by finding the sum of all producers' incomes.


RELATED NEWS

Czech Republic Producer Prices at 117.10 Index Points  
Producer Prices in Czech Republic decreased to 117.10 Index Points in March of 2014 from 117.30 Index Points in February of 2014. Producer Prices in Czech Republic is reported by the Czech Statistical Office.
Czech Republic Producer Prices Change at -0.85 Percent  
Producer Prices in Czech Republic decreased 0.85 percent in March of 2014 over the same month in the previous year. Producer Prices Change in Czech Republic is reported by the Czech Statistical Office.
Czech Republic Industrial Production MoM at 1.70 Percent  
Industrial Production in Czech Republic increased 1.70 percent in February of 2014 over the previous month. Industrial Production Mom in Czech Republic is reported by the Eurostat.
Czech Republic New Orders at 119.93 Index Points  
New Orders in Czech Republic increased to 119.93 Index Points in February of 2014 from 113.26 Index Points in January of 2014. New Orders in Czech Republic is reported by the Czech Statistical Office.
Czech Republic Remittances at 142.00 EUR Million  
Remittances in Czech Republic decreased to 142 EUR Million in the third quarter of 2013 from 147 EUR Million in the second quarter of 2013. Remittances in Czech Republic is reported by the Eurostat.
Czech Republic Terms of Trade at 99.10 Index Points  
Terms of Trade in Czech Republic remained unchanged at 99.10 Index Points in January of 2014 from 99.10 Index Points in December of 2013. Terms of Trade in Czech Republic is reported by the Czech Statistical Office.
Czech Republic Unemployed Persons at 137291.00  
The number of unemployed persons in Czech Republic decreased to 137291 in March of 2014 from 152507 in February of 2014. Unemployed Persons in Czech Republic is reported by the Ministry of Labour and Social Affairs.
Czech Republic Average Monthly Wages at 26637.00 CZK  
Wages in Czech Republic increased to 26637 CZK in the fourth quarter of 2013 from 24842 CZK in the third quarter of 2013. Wages in Czech Republic is reported by the Czech Statistical Office.
Czech Republic Average Monthly Wages in Manufacturing at 26257.00 CZK  
Wages in Manufacturing in Czech Republic increased to 26257 CZK in the fourth quarter of 2013 from 24450 CZK in the third quarter of 2013. Wages in Manufacturing in Czech Republic is reported by the Czech Statistical Office.
Czech Republic Youth Unemployment Rate at 17.10 Percent  
Youth Unemployment Rate in Czech Republic decreased to 17.10 percent in February of 2014 from 18.20 percent in January of 2014. Youth Unemployment Rate in Czech Republic is reported by the Eurostat.
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