Czech Republic GDP Annual Growth Rate  1997-2016 | Data | Chart | Calendar

The Czech Republic economy advanced 3.1 percent year-on-year in the first quarter of 2016, slowing from a 4 percent expansion in the previous period but beating market expectations of a 2.5 percent increase. Growth was mainly driven household consumption and higher investment and external trade. Yet, it is the slowest performance since the last quarter of 2014, preliminary estimates showed. Compared to the previous quarter, the Czech Republic GDP grew 0.5 percent, higher than 0.4 percent in the last three months of 2015. GDP Annual Growth Rate in Czech Republic averaged 2.32 percent from 1997 until 2016, reaching an all time high of 7.30 percent in the second quarter of 2006 and a record low of -5.70 percent in the second quarter of 2009. GDP Annual Growth Rate in Czech Republic is reported by the Czech Statistical Office.

Czech Republic GDP Annual Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
3.10 4.00 7.30 -5.70 1997 - 2016 percent Quarterly
Czech Republic has one of the most developed industrialized economies among the emerging democracies in central and eastern Europe. However, Czech GDP contracted by 4.9 percent in 2009 due to a contraction of exports and industrial production in a response of lower external demand from its main trading partners. It saw positive growth in the following two years, but a new slump in external demand and the government’s austerity measures led the country to fall into recession again later in 2012. It only returned to steady growth in 2014 (+2 percent), as final consumption expenditure and exports finally recovered. 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 Annual 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 Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on May of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-02-16 08:00 AM Q4 3.9% 4.7% 4.7% 4.9%
2016-03-04 08:00 AM Q4 4% 4.7% 3.9% 3.9%
2016-05-17 07:00 AM Q1 3.1% 4% 2.5% 3.1%
2016-06-03 07:00 AM Q1 4% 3.1% 3.1%
2016-08-16 07:00 AM Q2 3.4%
2016-09-02 07:00 AM Q2

Czech Republic GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.50 0.40 2.40 -3.70 percent [+]
GDP Annual Growth Rate 3.10 4.00 7.30 -5.70 percent [+]
GDP 205.52 208.80 235.21 4.90 USD Billion [+]
GDP Constant Prices 1062.38 1062.56 1062.56 680.18 CZK Billion [+]
Gross National Product 3926642.00 3797896.00 3926642.00 627979.00 CZK MN [+]
Gross Fixed Capital Formation 281.72 280.90 302.73 177.62 CZK Billion [+]
GDP per capita 14944.52 14647.53 15170.15 9094.61 USD [+]
GDP per capita PPP 28694.71 28124.46 29127.93 17462.39 USD [+]
GDP From Agriculture 16739.00 16631.00 21032.00 10625.00 CZK Million [+]
GDP From Construction 60964.00 62044.00 79500.00 49154.00 CZK Million [+]
GDP From Manufacturing 251199.00 247258.00 251199.00 85886.00 CZK Million [+]
GDP From Public Administration 140075.00 138877.00 140075.00 120289.00 CZK Million [+]
GDP From Services 175486.00 175344.00 183132.00 103042.00 CZK Million [+]




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South Sudan 15.90 Dec/14
Ethiopia 10.20 Dec/14
Ivory Coast 9.80 Dec/15
Ireland 9.20 Dec/15
Papua New Guinea 9.00 Dec/15
Myanmar 8.70 Dec/14
Congo 7.70 Dec/15
Uzbekistan 7.50 Mar/16
India 7.30 Dec/15
Chad 7.20 Dec/14
Monaco 7.20 Dec/14
East Timor 7.10 Dec/14
Rwanda 7.10 Dec/15
Tanzania 7.10 Dec/15
Bangladesh 7.05 Dec/16
Cameroon 7.00 Sep/15
Laos 7.00 Dec/15
Senegal 7.00 Dec/15
Cambodia 6.90 Dec/15
Philippines 6.90 Mar/16
China 6.70 Mar/16
Djibouti 6.70 Dec/15
Turkmenistan 6.70 Dec/15
Uganda 6.68 Dec/15
Nicaragua 6.60 Dec/15
Tajikistan 6.50 Mar/16
Mauritania 6.40 Dec/14
Dominican Republic 6.10 Dec/15
Palestine 6.10 Dec/15
Republic of the Congo 6.00 Dec/14
Togo 6.00 Dec/15
Benin 5.70 Dec/15
Central African Republic 5.70 Dec/15
Malta 5.70 Dec/15
Turkey 5.70 Dec/15
Kenya 5.60 Dec/15
Bhutan 5.50 Dec/14
Vietnam 5.46 Mar/16
Mozambique 5.30 Mar/16
Panama 5.30 Dec/15
Bolivia 5.01 Jun/15
Guinea Bissau 5.00 Dec/15
Kosovo 5.00 Dec/15
Zambia 5.00 Dec/15
Indonesia 4.92 Mar/16
Angola 4.90 Dec/15
Ghana 4.90 Dec/15
Niger 4.90 Dec/15
Sao Tome and Principe 4.80 Dec/14
Gambia 4.70 Dec/15
Mali 4.70 Dec/15
Morocco 4.70 Dec/15
Oman 4.60 Dec/14
United Arab Emirates 4.60 Dec/14
Egypt 4.50 Jun/15
Sweden 4.50 Dec/15
Peru 4.40 Mar/16
Romania 4.30 Mar/16
Seychelles 4.30 Dec/15
Pakistan 4.24 Dec/15
Burkina Faso 4.20 Dec/15
Gabon 4.20 Dec/15
Malaysia 4.20 Mar/16
Cuba 4.00 Dec/15
Fiji 4.00 Dec/15
Qatar 4.00 Dec/15
Zimbabwe 4.00 Dec/14
Algeria 3.90 Dec/15
Guatemala 3.90 Sep/15
Macedonia 3.90 Dec/15
Honduras 3.60 Dec/15
Mauritius 3.60 Dec/15
Saudi Arabia 3.60 Dec/15
Serbia 3.50 Mar/16
Lesotho 3.40 Dec/15
Nepal 3.40 Dec/15
Spain 3.40 Mar/16
Suriname 3.40 Dec/14
Colombia 3.30 Dec/15
Costa Rica 3.30 Dec/15
Slovakia 3.30 Mar/16
Slovenia 3.30 Dec/15
Cape Verde 3.20 Dec/15
Comoros 3.20 Dec/15
Iceland 3.20 Dec/15
Madagascar 3.20 Dec/14
Thailand 3.20 Mar/16
Czech Republic 3.10 Mar/16
Mongolia 3.10 Mar/16
Australia 3.00 Dec/15
Guyana 3.00 Dec/15
Luxembourg 3.00 Dec/15
Poland 3.00 Mar/16
Bulgaria 2.90 Mar/16
Georgia 2.90 Dec/15
Malawi 2.90 Dec/15
Maldives 2.90 Dec/15
Bahrain 2.80 Dec/15
Cyprus 2.70 Mar/16
South Korea 2.70 Mar/16
Sudan 2.70 Dec/14
El Salvador 2.60 Dec/15
Jordan 2.60 Dec/15
Mexico 2.60 Mar/16
Somalia 2.60 Dec/14
Sri Lanka 2.50 Dec/15
Swaziland 2.50 Dec/14
New Zealand 2.30 Dec/15
Lithuania 2.20 Mar/16
Albania 2.15 Dec/15
Afghanistan 2.10 Dec/15
Bosnia and Herzegovina 2.10 Dec/15
Chile 2.00 Mar/16
United Kingdom 2.00 Mar/16
United States 2.00 Mar/16
Armenia 1.90 Dec/16
Cayman Islands 1.90 Sep/15
Croatia 1.90 Dec/15
Latvia 1.80 Mar/16
Namibia 1.80 Dec/15
Singapore 1.80 Mar/16
Estonia 1.70 Mar/16
European Union 1.70 Mar/16
Haiti 1.70 Dec/15
Israel 1.70 Mar/16
Belgium 1.50 Mar/16
Euro Area 1.50 Mar/16
Jamaica 1.50 Sep/15
Montenegro 1.40 Dec/15
Netherlands 1.40 Mar/16
Austria 1.30 Mar/16
France 1.30 Mar/16
Germany 1.30 Mar/16
Bahamas 1.20 Dec/15
Paraguay 1.10 Dec/15
Finland 1.00 Mar/16
Italy 1.00 Mar/16
Lebanon 1.00 Dec/15
North Korea 1.00 Dec/14
Tunisia 1.00 Mar/16
Argentina 0.90 Dec/15
Hungary 0.90 Mar/16
Hong Kong 0.80 Mar/16
Portugal 0.80 Mar/16
Norway 0.70 Mar/16
Belize 0.60 Dec/15
Iran 0.60 Mar/15
South Africa 0.60 Dec/15
Canada 0.50 Dec/15
Denmark 0.50 Dec/15
Switzerland 0.40 Dec/15
Eritrea 0.30 Dec/15
Liberia 0.30 Dec/15
New Caledonia 0.30 Dec/14
Barbados 0.20 Dec/14
Guinea 0.10 Dec/15
Ukraine 0.10 Mar/16
Japan 0.00 Mar/16
Uruguay -0.10 Dec/15
Kazakhstan -0.20 Mar/16
Nigeria -0.40 Mar/16
Brunei -0.50 Dec/15
Taiwan -0.68 Mar/16
Liechtenstein -0.80 Dec/14
Ecuador -0.90 Dec/15
Puerto Rico -0.90 Dec/14
Greece -1.20 Mar/16
Russia -1.20 Mar/16
Kuwait -1.60 Dec/14
Botswana -1.90 Dec/15
Trinidad and Tobago -2.00 Sep/15
Equatorial Guinea -2.10 Dec/14
Iraq -2.10 Dec/14
Syria -2.30 Dec/11
Moldova -3.30 Dec/15
Azerbaijan -3.50 Mar/16
Belarus -3.60 Mar/16
Burundi -4.10 Dec/15
Kyrgyzstan -4.90 Mar/16
Brazil -5.90 Dec/15
Libya -6.00 Dec/15
Venezuela -7.10 Sep/15
Macau -14.40 Dec/15
Sierra Leone -21.50 Dec/15
Yemen -28.10 Dec/15