Markets Actual Q2 Q3 Q4 Q1 2020
Currency 22.85 23.15 23.31 23.47 23.63 23.95
Stock Market (points) 1101.67 1065 1056 1048 1039 1021
Government Bond 10Y (%) 1.84 1.88 1.92 1.97 2.01 2.11
Overview Actual Q2 Q3 Q4 Q1 2020
GDP Growth Rate (%) 0.90 0.6 0.5 0.6 0.7 0.5
GDP Annual Growth Rate (%) 2.80 3 2.9 2.8 2.6 2.9
Unemployment Rate (%) 3.00 3 2.7 2.9 3.2 4
Inflation Rate (%) 3.00 1.7 2 2.2 1.9 2.1
Inflation Rate Mom (%) 0.20 0.3 0.1 0.3 0.2 0.2
Interest Rate (%) 1.75 1.75 1.75 2 2.25 2.5
Balance of Trade (CZK Million) 40700.00 37000 40000 10000 54000 7000
Current Account (EUR Million) 430.90 180 -1000 500 2550 -100
Current Account to GDP (%) 0.30 -0.5 -0.5 -0.5 -1 -1
Government Debt to GDP (%) 34.60 31.8 31.8 31.8 30.5 30.5
Government Budget (% of GDP) 1.60 1.1 1.1 1.1 0.9 0.9
Business Confidence (Index Points) 95.50 95.2 96.5 95.5 95 93.5
Manufacturing PMI 47.30 50 51 50 49 49
Consumer Confidence (Index Points) 104.60 108 107 107 109 110
Retail Sales MoM (%) 0.40 0.3 0.4 0.5 0.6 0.4
Corporate Tax Rate (%) 19.00 19 19 19 19 19
Personal Income Tax Rate (%) 22.00 22 22 22 22 22
GDP Actual Q2 Q3 Q4 Q1 2020
GDP Growth Rate (%) 0.90 0.6 0.5 0.6 0.7 0.5
GDP Annual Growth Rate (%) 2.80 3 2.9 2.8 2.6 2.9
GDP (USD Billion) 215.73 220 220 220 221 221
GDP Constant Prices (CZK Billion) 1201.14 1195 1203 1235 1232 1274
Gross National Product (CZK MN) 4735267.00 4893093 4886796 4867854 4858384 5023626
Gross Fixed Capital Formation (CZK Billion) 329.32 324 334 339 338 349
GDP per capita (USD) 22779.29 23500 23500 23500 24000 24000
GDP per capita PPP (USD) 32605.91 34100 34100 34100 34800 34800
GDP From Agriculture (CZK Million) 17300.00 17454 17470 17784 17750 18354
GDP From Construction (CZK Million) 60728.00 60319 60917 62428 62307 64426
GDP From Manufacturing (CZK Million) 292778.00 289554 291308 300976 300390 310607
GDP From Public Administration (CZK Million) 145236.00 145596 145818 149303 149012 154080
GDP From Services (CZK Million) 206710.00 205098 205538 212498 212084 219298
Labour Actual Q2 Q3 Q4 Q1 2020
Unemployment Rate (%) 3.00 3 2.7 2.9 3.2 4
Wages (CZK/Month) 33840.00 33141 33205 34821 34821 35692
Wages in Manufacturing (CZK/Month) 33512.00 33649 32722 34484 34484 35346
Minimum Wages (EUR/Month) 518.97 519 519 519 519 525
Population (Million) 10.61 10.64 10.64 10.63 10.65 10.65
Retirement Age Women 62.67 62.67 62.67 63.17 63.67 63.67
Retirement Age Men 63.33 63.33 63.33 63.5 63.67 63.67
Living Wage Family (CZK/Month) 20500.00 21736 22020 21094 21094 21622
Wage Growth (%) 4.70 4 5.36 2.9 2.9 2.5
Wages Low Skilled (CZK/Month) 15700.00 15184 15383 16155 16155 16559
Wages High Skilled (CZK/Month) 35400.00 33488 33926 36427 36427 37337
Prices Actual Q2 Q3 Q4 Q1 2020
Inflation Rate (%) 3.00 1.7 2 2.2 1.9 2.1
Inflation Rate Mom (%) 0.20 0.3 0.1 0.3 0.2 0.2
Consumer Price Index CPI (Index Points) 107.50 107 108 108 109 111
Core Consumer Prices (Index Points) 108.79 109 110 110 111 112
Producer Prices (Index Points) 102.80 102 103 103 103 103
Producer Prices Change (%) 3.80 1.3 1.4 1.5 0.7 0.9
CPI Housing Utilities (Index Points) 155.00 154 157 158 158 162
CPI Transportation (Index Points) 106.10 110 109 108 108 111
Food Inflation (%) 1.90 1.3 1.7 1.9 2 2.2
Money Actual Q2 Q3 Q4 Q1 2020
Interest Rate (%) 1.75 1.75 1.75 2 2.25 2.5
Interbank Rate (%) 0.17 0.17 0.17 0.17 0.17 0.17
Deposit Interest Rate (%) 0.75 0.75 0.75 0.75 1 1.25
Lending Rate (%) 2.75 2.75 2.75 2.75 3 3.25
Trade Actual Q2 Q3 Q4 Q1 2020
Balance of Trade (CZK Million) 40700.00 37000 40000 10000 54000 7000
Current Account (EUR Million) 430.90 180 -1000 500 2550 -100
Current Account to GDP (%) 0.30 -0.5 -0.5 -0.5 -1 -1
Imports (CZK Million) 318370.00 348000 337000 318000 332000 329000
Exports (CZK Million) 359092.00 385000 377000 328000 386000 336000
Government Actual Q2 Q3 Q4 Q1 2020
Government Debt to GDP (%) 34.60 31.8 31.8 31.8 30.5 30.5
Government Budget (% of GDP) 1.60 1.1 1.1 1.1 0.9 0.9
Government Spending (CZK Billion) 226.32 223 229 233 232 240
Government Spending to GDP (%) 38.80 36.3 36.3 36.3 35.6 35.6
Taxes Actual Q2 Q3 Q4 Q1 2020
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 Q2 Q3 Q4 Q1 2020
Business Confidence (Index Points) 95.50 95.2 96.5 95.5 95 93.5
Manufacturing PMI 47.30 50 51 50 49 49
Industrial Production (%) 1.50 2 3.6 3.2 3 3.4
Industrial Production Mom (%) 0.50 0.7 1.4 0.2 0.6 0.4
Consumer Actual Q2 Q3 Q4 Q1 2020
Consumer Confidence (Index Points) 104.60 108 107 107 109 110
Retail Sales MoM (%) 0.40 0.3 0.4 0.5 0.6 0.4
Retail Sales YoY (%) 5.10 3.15 3.16 2.6 2.5 2.2
Consumer Spending (CZK Billion) 563.20 565 568 579 578 598
Gasoline Prices (USD/Liter) 1.38 1.34 1.3 1.27 1.24 1.24
Housing Actual Q2 Q3 Q4 Q1 2020
Construction Output (%) 5.80 4.2 2.3 3.2 2.9 3.6


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.