The Czech economy expanded 0.6 percent on quarter in the three months to June 2019, the same pace as in the previous period and slightly above market expectations of 0.5 percent, a preliminary estimate showed. Growth was mainly supported by household consumption and external demand, while fixed investment slowed. On the production side, the highest contribution to the growth came from trade, transportation and storage, and accommodation and food service activities. Year-on-year, the economy expanded 2.7 percent, also above consensus of 2.6 percent. GDP Growth Rate in Czech Republic averaged 0.59 percent from 1995 until 2019, reaching an all time high of 2.40 percent in the second quarter of 2017 and a record low of -3.50 percent in the first quarter of 2009.

GDP Growth Rate in Czech Republic is expected to be 0.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Czech Republic to stand at 0.60 in 12 months time. In the long-term, the Czech Republic GDP Growth Rate is projected to trend around 0.60 percent in 2020, according to our econometric models.

Czech Republic GDP Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-03-01 08:00 AM GDP Growth Rate QoQ Final Q4 0.9% 0.6% 1% 1%
2019-05-15 07:00 AM GDP Growth Rate QoQ Prel Q1 0.5% 0.8% 0.4% 0.5%
2019-05-31 07:00 AM GDP Growth Rate QoQ Final Q1 0.6% 0.8% 0.5% 0.5%
2019-08-14 07:00 AM GDP Growth Rate QoQ Prel Q2 0.6% 0.6% 0.5% 0.6%
2019-08-30 07:00 AM GDP Growth Rate QoQ Final Q2 0.6% 0.6% 0.6%
2019-11-14 08:00 AM GDP Growth Rate QoQ Prel Q3 0.6%
2019-11-29 08:00 AM GDP Growth Rate QoQ Final Q3 0.6%


Czech Republic GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.60 0.60 2.40 -3.50 percent [+]
GDP Annual Growth Rate 2.70 2.80 7.30 -5.60 percent [+]
GDP 244.11 215.91 244.11 4.90 USD Billion [+]
GDP Constant Prices 1205.21 1198.59 1205.21 682.73 CZK Billion [+]
Gross National Product 5031916.00 4735267.00 5031916.00 627979.00 CZK MN [+]
Gross Fixed Capital Formation 323.61 329.32 330.13 178.25 CZK Billion [+]
GDP per capita 23344.20 22754.80 23344.20 12313.04 USD [+]
GDP per capita PPP 33414.46 32570.78 33414.46 17624.68 USD [+]
GDP From Agriculture 16296.00 17310.00 20831.00 13106.00 CZK Million [+]
GDP From Construction 60482.00 60726.00 80479.00 47313.00 CZK Million [+]
GDP From Manufacturing 295607.00 292815.00 295607.00 85660.00 CZK Million [+]
GDP From Public Administration 145589.00 143932.00 145589.00 121367.00 CZK Million [+]
GDP From Services 208147.00 206618.00 208147.00 105230.00 CZK Million [+]


Czech Republic GDP Growth Rate

In Czech Republic, 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 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 Growth Rate - actual data, historical chart and calendar of releases - was last updated on August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.60 0.60 2.40 -3.50 1995 - 2019 percent Quarterly
SA




Country Last Previous
Indonesia 4.20 Jun/19
United States 2.10 Jun/19
China 1.60 Jun/19
India 1.60 Dec/18
Turkey 1.30 Mar/19
South Korea 1.10 Jun/19
Saudi Arabia 1.07 Dec/18
Switzerland 0.60 Mar/19
Netherlands 0.50 Jun/19
Spain 0.50 Jun/19
Australia 0.40 Mar/19
Japan 0.40 Jun/19
Euro Area 0.20 Jun/19
France 0.20 Jun/19
Canada 0.10 Mar/19
Mexico 0.10 Jun/19
Italy 0.00 Jun/19
Germany -0.10 Jun/19
Argentina -0.20 Mar/19
Brazil -0.20 Mar/19
United Kingdom -0.20 Jun/19
Russia -0.40 Mar/19
South Africa -3.20 Mar/19
Singapore -3.30 Jun/19


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