Markets Actual Q2 Q3 Q4 Q1 2020
Currency 22.36 23.26 23.41 23.56 23.71 24.02
Stock Market (points) 1037.10 1035 1027 1018 1009 993
Government Bond 10Y (%) 1.52 1.8 1.84 1.88 1.92 2
Overview Actual Q2 Q3 Q4 Q1 2020
GDP Growth Rate (%) 0.60 0.6 0.6 0.6 0.5 0.5
GDP Annual Growth Rate (%) 2.60 2.5 2.5 2.6 2.4 2.3
Unemployment Rate (%) 2.60 3 2.7 2.9 3.2 4
Inflation Rate (%) 2.90 2.8 3 3.1 2.3 2.2
Inflation Rate Mom (%) 0.70 0.2 -0.1 0.1 0.2 0.2
Interest Rate (%) 2.00 2 2 2 2 2.5
Balance of Trade (CZK Million) 48042.00 37000 40000 10000 54000 7000
Current Account (EUR Million) 1730.90 180 -1000 500 2550 -100
Current Account to GDP (%) 0.30 -0.5 -0.5 -0.5 -1 -1
Government Debt to GDP (%) 32.70 31.8 31.8 31.8 30.5 30.5
Government Budget (% of GDP) 0.90 0.2 0.2 0.2 -0.2 -0.2
Business Confidence (Index Points) 93.10 95.2 96.5 95.5 95 93.5
Manufacturing PMI 46.60 47.2 51 50 49 49
Consumer Confidence (Index Points) 105.10 108 107 107 109 110
Retail Sales MoM (%) 0.20 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 (%) 0.60 0.6 0.6 0.6 0.5 0.5
GDP Annual Growth Rate (%) 2.60 2.5 2.5 2.6 2.4 2.3
GDP (USD Billion) 215.73 220 220 220 221 221
GDP Constant Prices (CZK Billion) 1205.21 1191 1200 1232 1230 1261
Gross National Product (CZK MN) 4735267.00 4853649 4853649 4858384 4848913 4970127
Gross Fixed Capital Formation (CZK Billion) 323.61 323 333 338 337 346
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) 16296.00 17402 17430 17750 17715 18158
GDP From Construction (CZK Million) 60482.00 60140 60776 62307 62185 63740
GDP From Manufacturing (CZK Million) 295607.00 288695 290634 300390 299805 307299
GDP From Public Administration (CZK Million) 145589.00 145164 145481 149012 148722 152439
GDP From Services (CZK Million) 208147.00 204489 205062 212084 211671 216962
Labour Actual Q2 Q3 Q4 Q1 2020
Unemployment Rate (%) 2.60 3 2.7 2.9 3.2 4
Wages (CZK/Month) 32466.00 33141 32934 35160 33505 36039
Wages in Manufacturing (CZK/Month) 31798.00 33649 32455 34819 32816 35689
Minimum Wages (EUR/Month) 518.97 519 519 519 519 525
Population (Million) 10.61 10.63 10.63 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 21841 21300 21156 21832
Wage Growth (%) 4.60 4 4.5 3.9 3.2 2.5
Wages Low Skilled (CZK/Month) 15700.00 15184 15257 16312 16202 16720
Wages High Skilled (CZK/Month) 35400.00 33488 33649 36781 36533 37700
Prices Actual Q2 Q3 Q4 Q1 2020
Inflation Rate (%) 2.90 2.8 3 3.1 2.3 2.2
Inflation Rate Mom (%) 0.70 0.2 -0.1 0.1 0.2 0.2
Consumer Price Index CPI (Index Points) 108.30 109 109 109 110 112
Core Consumer Prices (Index Points) 109.29 109 110 110 111 112
Producer Prices (Index Points) 104.00 102 103 103 103 103
Producer Prices Change (%) 3.80 3.3 2.1 2 1.9 1.9
CPI Housing Utilities (Index Points) 110.60 108 109 111 112 113
CPI Transportation (Index Points) 105.90 109 108 108 107 110
Food Inflation (%) 1.80 1.3 1.7 1.9 2 2.2
Money Actual Q2 Q3 Q4 Q1 2020
Interest Rate (%) 2.00 2 2 2 2 2.5
Interbank Rate (%) 0.17 0.17 0.17 0.17 0.17 0.42
Deposit Interest Rate (%) 1.00 1 1 1 1 1.25
Lending Rate (%) 3.00 3 3 3 3 3.25
Trade Actual Q2 Q3 Q4 Q1 2020
Balance of Trade (CZK Million) 48042.00 37000 40000 10000 54000 7000
Current Account (EUR Million) 1730.90 180 -1000 500 2550 -100
Current Account to GDP (%) 0.30 -0.5 -0.5 -0.5 -1 -1
Imports (CZK Million) 338651.00 348000 337000 318000 332000 329000
Exports (CZK Million) 386694.00 385000 377000 328000 386000 336000
Government Actual Q2 Q3 Q4 Q1 2020
Government Debt to GDP (%) 32.70 31.8 31.8 31.8 30.5 30.5
Government Budget (% of GDP) 0.90 0.2 0.2 0.2 -0.2 -0.2
Government Spending (CZK Billion) 227.61 223 229 232 232 238
Government Spending to GDP (%) 40.80 41.5 41.5 41.5 41.9 41.9
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) 93.10 95.2 96.5 95.5 95 93.5
Manufacturing PMI 46.60 47.2 51 50 49 49
Industrial Production (%) 3.30 2 3.6 3.2 3 3.4
Industrial Production Mom (%) 0.80 0.7 1.4 0.2 0.6 0.4
Consumer Actual Q2 Q3 Q4 Q1 2020
Consumer Confidence (Index Points) 105.10 108 107 107 109 110
Retail Sales MoM (%) 0.20 0.3 0.4 0.5 0.6 0.4
Retail Sales YoY (%) 6.90 7.5 7.9 6.5 6.8 5.2
Consumer Spending (CZK Billion) 571.97 563 567 578 577 591
Gasoline Prices (USD/Liter) 1.47 1.34 1.3 1.27 1.24 1.24
Housing Actual Q2 Q3 Q4 Q1 2020
Construction Output (%) 8.90 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.