Markets Actual Q4 Q1 Q2 Q3 2021
Currency 21.89 22.04 22.13 22.24 22.33 22.53
Stock Market (points) 969.74 951 935 920 905 876
Government Bond 10Y (%) 1.28 1.32 1.37 1.41 1.46 1.56

Overview Actual Q4 Q1 Q2 Q3 2021
GDP Growth Rate (%) 6.90 -3.5 2.6 1.3 1.1 0.9
GDP Annual Growth Rate (%) -5.80 -6 -1.8 9.8 5.2 5
Unemployment Rate (%) 3.70 5.5 5.7 5.5 5 4.8
Inflation Rate (%) 2.90 1.8 1.5 1.8 2 2.2
Inflation Rate Mom (%) 0.20 0.2 0.2 0.3 -0.1 0.1
Interest Rate (%) 0.25 0.25 0.25 0.25 0.25 0.5
Balance of Trade (CZK Million) 68320.00 20000 42000 37000 40000 22000
Current Account (EUR Million) 278.50 -1300 1800 100 -2200 -1100
Current Account to GDP (%) -0.40 -1.7 -1.1 -1.1 -1.1 -1.1
Government Debt to GDP (%) 30.80 39.1 40.2 40.2 40.2 40.2
Government Budget (% of GDP) 0.30 -6.9 -4.3 -4.3 -4.3 -4.3
Business Confidence (points) 81.70 79 82 84 85 86
Manufacturing PMI (points) 53.90 48 49.5 49 50.5 50
Consumer Confidence (points) 83.10 85 100 102 104 105
Retail Sales MoM (%) -0.40 2.2 1.5 1 0.5 0.3
Corporate Tax Rate (%) 19.00 19 19 19 19 19
Personal Income Tax Rate (%) 22.00 22 22 22 22 22

GDP Actual Q4 Q1 Q2 Q3 2021
GDP Growth Rate (%) 6.90 -3.5 2.6 1.3 1.1 0.9
GDP Annual Growth Rate (%) -5.80 -6 -1.8 9.8 5.2 5
GDP (USD Billion) 246.49 212 230 230 230 230
GDP Constant Prices (CZK Billion) 1170.63 1247 1260 1285 1232 1309
Gross National Product (CZK Million) 5395271.00 5071555 5298156 5924008 5675825 5325132
Gross Fixed Capital Formation (CZK Billion) 331.45 336 323 364 349 353
GDP per capita (USD) 23833.50 22500 23100 23100 23100 23100
GDP per capita PPP (USD) 40314.20 38000 39800 39800 39800 39800
GDP From Agriculture (CZK Million) 27860.00 28040 28771 30590 29309 29442
GDP From Construction (CZK Million) 52422.00 52479 55408 57559 55148 55103
GDP From Manufacturing (CZK Million) 271595.00 309864 312778 298211 285718 325358
GDP From Public Administration (CZK Million) 158036.00 151908 156721 173524 166254 159503
GDP From Services (CZK Million) 180284.00 211908 214681 197952 189659 222503

Labour Actual Q4 Q1 Q2 Q3 2021
Unemployment Rate (%) 3.70 5.5 5.7 5.5 5 4.8
Labour Costs (points) 128.23 127 119 129 130 130
Wages (CZK/Month) 34271.00 35692 35783 34520 34717 36584
Wages in Manufacturing (CZK/Month) 32707.00 35346 34799 33554 33132 36230
Minimum Wages (EUR/Month) 546.00 546 546 546 546 546
Population (Million) 10.68 10.7 10.72 10.72 10.72 10.72
Retirement Age Women 62.67 63.67 63.67 63.67 63.67 63.67
Retirement Age Men 63.33 63.67 63.67 63.67 63.67 63.67
Wage Growth (%) -2.50 -1 1.3 1.3 1.4 1.5

Prices Actual Q4 Q1 Q2 Q3 2021
Inflation Rate (%) 2.90 1.8 1.5 1.8 2 2.2
Inflation Rate Mom (%) 0.20 0.2 0.2 0.3 -0.1 0.1
Consumer Price Index CPI (points) 112.10 111 113 114 114 114
Core Consumer Prices (points) 112.99 112 113 114 114 114
Producer Prices (points) 103.40 103 104 105 106 106
Producer Prices Change (%) 0.30 -1 0.5 2 2.5 2.8
CPI Housing Utilities (points) 113.60 115 116 116 117 117
CPI Transportation (points) 106.10 108 106 105 108 110
Food Inflation (%) 3.40 4.6 4.3 4.6 5 5.2

Money Actual Q4 Q1 Q2 Q3 2021
Interest Rate (%) 0.25 0.25 0.25 0.25 0.25 0.5
Interbank Rate (%) 0.17 0.17 0.17 0.17 0.17 -0.58
Deposit Interest Rate (%) 0.50 1.25 0.05 0.05 0.05 1.25
Lending Rate (%) 1.00 3.25 1 1 1 3.25
Cash Reserve Ratio (%) 2.00 2 2 2 2 2

Trade Actual Q4 Q1 Q2 Q3 2021
Balance of Trade (CZK Million) 68320.00 20000 42000 37000 40000 22000
Current Account (EUR Million) 278.50 -1300 1800 100 -2200 -1100
Current Account to GDP (%) -0.40 -1.7 -1.1 -1.1 -1.1 -1.1
Imports (CZK Million) 344894.30 305000 330000 327000 354000 307000
Exports (CZK Million) 413213.87 325000 372000 364000 394000 329000
External Debt (EUR Million) 164410.00 174000 174100 174200 174350 174500

Government Actual Q4 Q1 Q2 Q3 2021
Government Debt to GDP (%) 30.80 39.1 40.2 40.2 40.2 40.2
Government Budget (% of GDP) 0.30 -6.9 -4.3 -4.3 -4.3 -4.3
Government Spending (CZK Billion) 246.35 231 246 270 259 242
Government Spending to GDP (%) 41.90 48.8 46 46 46 46

Taxes Actual Q4 Q1 Q2 Q3 2021
Corporate Tax Rate (%) 19.00 19 19 19 19 19
Personal Income Tax Rate (%) 22.00 22 22 22 22 22
Sales Tax Rate (%) 21.00 21 21 21 21 21
Social Security Rate (%) 45.00 45 45 45 45 45
Social Security Rate For Companies (%) 34.00 34 34 34 34 34
Social Security Rate For Employees (%) 11.00 11 11 11 11 11

Business Actual Q4 Q1 Q2 Q3 2021
Business Confidence (points) 81.70 79 82 84 85 86
Manufacturing PMI (points) 53.90 48 49.5 49 50.5 50
Industrial Production (%) -1.50 -3.4 3.7 16.5 5.5 4
Industrial Production Mom (%) 4.10 -0.2 1.1 0.8 0.6 0.5

Consumer Actual Q4 Q1 Q2 Q3 2021
Consumer Confidence (points) 83.10 85 100 102 104 105
Retail Sales MoM (%) -0.40 2.2 1.5 1 0.5 0.3
Retail Sales YoY (%) 0.40 -0.5 1.8 5.1 3.5 4.3
Consumer Spending (CZK Billion) 569.65 586 597 625 599 615
Consumer Credit (CZK Million) 264844.80 246297 258180 288133 278114 258612
Gasoline Prices (USD/Liter) 1.29 1.24 1.09 1.04 0.99 1.18

Housing Actual Q4 Q1 Q2 Q3 2021
Construction Output (%) -8.20 -2.2 2 9.5 5 4.8


This page has 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.