Markets Actual Q3 Q4 Q1 Q2 2021
Currency 23.47 23.56 23.67 23.77 23.88 24.09
Stock Market (points) 942.62 924 909 894 880 851
Government Bond 10Y (%) 0.80 0.81 0.84 0.86 0.89 0.95

Overview Actual Q3 Q4 Q1 Q2 2021
GDP Growth Rate (%) -3.30 3 2.5 1.7 1.5 1
GDP Annual Growth Rate (%) -2.00 -8 -6.5 -1.8 9.8 6.2
Unemployment Rate (%) 3.70 4.2 5.5 5.7 5.5 4.8
Inflation Rate (%) 2.90 1.6 1.2 1.5 1.8 2.2
Inflation Rate Mom (%) 0.40 0 0.2 0.2 0.3 0.1
Interest Rate (%) 0.25 0.25 0.25 0.25 0.25 1
Balance of Trade (CZK Million) 14304.00 42000 7000 42000 37000 11000
Current Account (EUR Million) 2730.79 -1500 -1300 1800 100 -1100
Current Account to GDP (%) -0.40 -1.7 -1.7 -1.1 -1.1 -1.1
Government Debt to GDP (%) 30.80 39.1 39.1 40.2 40.2 40.2
Government Budget (% of GDP) 0.30 -6.9 -6.9 -4.3 -4.3 -4.3
Business Confidence (points) 73.80 77 79 82 84 86
Manufacturing PMI (points) 44.90 45.5 46 48 49 47.5
Consumer Confidence (points) 93.30 97.2 99.5 100 102 105
Retail Sales MoM (%) 11.60 -1.6 1.5 1.5 1 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 Q3 Q4 Q1 Q2 2021
GDP Growth Rate (%) -3.30 3 2.5 1.7 1.5 1
GDP Annual Growth Rate (%) -2.00 -8 -6.5 -1.8 9.8 6.2
GDP (USD Billion) 246.49 212 212 230 230 230
GDP Constant Prices (CZK Billion) 1182.35 1185 1144 1161 1298 1215
Gross National Product (CZK MN) 5031916.00 4629363 4704841 4941342 5525044 4996542
Gross Fixed Capital Formation (CZK Billion) 302.10 313 313 297 332 332
GDP per capita (USD) 23833.50 22500 22500 23100 23100 23100
GDP per capita PPP (USD) 40314.20 38000 38000 39800 39800 39800
GDP From Agriculture (CZK Million) 19516.00 18552 18120 19165 21429 19244
GDP From Construction (CZK Million) 61060.00 59069 56694 59961 67044 60209
GDP From Manufacturing (CZK Million) 276488.00 279794 266187 271511 303584 282691
GDP From Public Administration (CZK Million) 147207.00 142530 138413 144557 161633 146994
GDP From Services (CZK Million) 200230.00 205882 197899 196626 219853 210169

Labour Actual Q3 Q4 Q1 Q2 2021
Unemployment Rate (%) 3.70 4.2 5.5 5.7 5.5 4.8
Labour Costs (points) 127.78 118 125 132 132 128
Wages (CZK/Month) 34077.00 34826 37337 35202 35202 38420
Wages in Manufacturing (CZK/Month) 33123.00 34020 36311 34216 34216 37364
Minimum Wages (EUR/Month) 518.97 525 525 525 525 525
Population (Million) 10.68 10.67 10.65 10.7 10.7 10.67
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 (%) 1.40 3.4 3.3 3.3 3.3 2.9

Prices Actual Q3 Q4 Q1 Q2 2021
Inflation Rate (%) 2.90 1.6 1.2 1.5 1.8 2.2
Inflation Rate Mom (%) 0.40 0 0.2 0.2 0.3 0.1
Harmonised Consumer Prices (points) 103.10 104 106 106 106 108
Consumer Price Index CPI (points) 111.40 110 111 113 113 113
Core Consumer Prices (points) 111.93 112 113 114 114 115
Producer Prices (points) 103.10 104 104 105 105 106
Producer Prices Change (%) -0.90 0.7 1 1.5 1.7 2
CPI Housing Utilities (points) 114.10 113 114 116 116 117
CPI Transportation (points) 101.80 107 107 106 104 109
Food Inflation (%) 6.30 2.5 2.2 2.2 2.2 2.1

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

Trade Actual Q3 Q4 Q1 Q2 2021
Balance of Trade (CZK Million) 14304.00 42000 7000 42000 37000 11000
Current Account (EUR Million) 2730.79 -1500 -1300 1800 100 -1100
Current Account to GDP (%) -0.40 -1.7 -1.7 -1.1 -1.1 -1.1
Imports (CZK Million) 279981.35 350000 305000 330000 327000 307000
Exports (CZK Million) 294284.56 392000 325000 372000 364000 329000
External Debt (EUR Million) 164517.40 173900 174000 174100 174200 174500

Government Actual Q3 Q4 Q1 Q2 2021
Government Debt to GDP (%) 30.80 39.1 39.1 40.2 40.2 40.2
Government Budget (% of GDP) 0.30 -6.9 -6.9 -4.3 -4.3 -4.3
Government Budget Value (CZK Million) -37837.64 6377 4416 4416 4416 4084
Government Spending (CZK Billion) 240.70 225 214 236 264 227
Government Spending to GDP (%) 41.90 48.8 48.8 46 46 46

Taxes Actual Q3 Q4 Q1 Q2 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 Q3 Q4 Q1 Q2 2021
Business Confidence (points) 73.80 77 79 82 84 86
Manufacturing PMI (points) 44.90 45.5 46 48 49 47.5
Industrial Production (%) -25.70 -6.2 -3.4 3.7 16.5 4
Industrial Production Mom (%) 13.80 -1.2 -0.2 1.1 0.8 0.5

Consumer Actual Q3 Q4 Q1 Q2 2021
Consumer Confidence (points) 93.30 97.2 99.5 100 102 105
Retail Sales MoM (%) 11.60 -1.6 1.5 1.5 1 0.3
Retail Sales YoY (%) -0.70 -2 -0.5 1.8 5.1 4.3
Consumer Spending (CZK Billion) 571.41 562 545 561 627 579
Consumer Credit (CZK Million) 261116.40 251111 244987 258180 286354 260176
Gasoline Prices (USD/Liter) 1.21 1.15 1.09 1.04 0.99 0.94

Housing Actual Q3 Q4 Q1 Q2 2021
Construction Output (%) -7.60 -0.3 0.5 1.3 3.6 2.1


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.