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. 2014-04-24

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 2013-11-15 886.00 915.40 600.00 900.86 2014-06-30 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 13971.31 2014-06-30 USD [+]
GDP per capita PPP 23763.40 2012-12-31 24125.19 24359.49 14401.19 23382.72 2014-06-30 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 4.90 214.08 2014-06-30 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 Current Account at -370.86 EUR Million  
Czech Republic recorded a Current Account deficit of 370.86 EUR Million in the fourth quarter of 2013. Current Account in Czech Republic is reported by the Czech National Bank.
Czech Republic Business Confidence at 91.60  
Business Confidence in Czech Republic increased to 91.60 in March of 2014 from 90.90 in February of 2014. Business Confidence in Czech Republic is reported by the Czech Statistical Office.
Czech Republic Capital Flows at 215041.89 CZK MN  
Capital Flows in Czech Republic increased to 215041.89 CZK MN in the fourth quarter of 2013 from 18484.15 CZK MN in the third quarter of 2013. Capital Flows in Czech Republic is reported by the Czech National Bank.
Czech Republic Car Registrations at 16576.00 Cars  
Car Registrations in Czech Republic increased to 16576 Cars in March of 2014 from 12779 Cars in February of 2014. Car Registrations in Czech Republic is reported by the European Automobile Manufacturers Association.
Czech Republic Changes in Inventories at 4.84 CZK Billion  
Changes in Inventories in Czech Republic increased to 4.84 CZK Billion in the fourth quarter of 2013 from 4.69 CZK Billion in the third quarter of 2013. Changes in Inventories in Czech Republic is reported by the Czech Statistical Office.
Czech Republic Construction Output at 6.30 Percent  
Construction output in Czech Republic increased 6.30 percent in February of 2014 over the same month in the previous year. Construction Output in Czech Republic is reported by the Eurostat.
Czech Republic Consumer Price Index (CPI) at 190.90 Index Points  
Consumer Price Index (CPI) in Czech Republic remained unchanged at 190.90 Index Points in March of 2014 from 190.90 Index Points in February of 2014. Consumer Price Index (CPI) in Czech Republic is reported by the Czech National Bank.
Czech Republic Consumer Spending at 429.99 CZK Billion  
Consumer Spending in Czech Republic increased to 429.99 CZK Billion in the fourth quarter of 2013 from 425.86 CZK Billion in the third quarter of 2013. Consumer Spending in Czech Republic is reported by the Czech Statistical Office.
Czech Republic Core Consumer Prices at -0.03 Percent  
Core Consumer Prices in Czech Republic decreased to -0.03 percent in March of 2014 from 0.09 percent in February of 2014. Core Consumer Prices in Czech Republic is reported by the Czech Statistical Office.
Czech Republic Export Prices at 104.00 Index Points  
Export Prices in Czech Republic decreased to 104 Index Points in February of 2014 from 104.30 Index Points in January of 2014. Export Prices in Czech Republic is reported by the Czech Statistical Office.
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