Markets Actual Q2 Q3 Q4 Q1 2022
Currency 20.97 21.05 21.14 21.24 21.33 21.52
Stock Market (points) 1174.64 1161 1142 1124 1105 1069
Government Bond 10Y (%) 1.73 1.77 1.83 1.89 1.95 2.08

Overview Actual Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) -0.30 1 2.6 1 1 0.7
GDP Annual Growth Rate (%) -2.10 8.7 4 4.3 5.3 3.5
Unemployment Rate (%) 3.90 4.1 3.8 3.7 3.9 3.5
Inflation Rate (%) 2.90 3.4 2.4 3.3 2.5 2.2
Inflation Rate Mom (%) 0.20 0.3 -0.1 0.1 0.1 0.2
Interest Rate (%) 0.25 0.25 0.25 0.5 1 1.5
Balance of Trade (CZK Million) 19338.00 37000 30000 11000 22000 5500
Current Account (EUR Million) 3075.30 100 -2200 -1100 -1100 -1100
Current Account to GDP (% of GDP) -0.40 -0.4 -0.4 -0.4 -0.7 -0.7
Government Debt to GDP (% of GDP) 38.10 44.5 44.5 44.5 47.3 47.3
Government Budget (% of GDP) -6.20 -7.9 -7.9 -7.9 -6.5 -6.5
Business Confidence (points) 99.10 101 103 102 102 103
Manufacturing PMI (points) 61.80 58.3 55.5 56 54.8 53.5
Consumer Confidence (points) 102.80 103 106 110 112 115
Retail Sales MoM (%) 0.70 1 0.5 0.3 0.3 0.4
Corporate Tax Rate (%) 19.00 19 19 19 19 19
Personal Income Tax Rate (%) 23.00 23 23 23 23 23

GDP Actual Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) -0.30 1 2.6 1 1 0.7
GDP Annual Growth Rate (%) -2.10 8.7 4 4.3 5.3 3.5
GDP (USD Billion) 246.49 230 230 230 230 243
GDP Constant Prices (CZK Billion) 1258.34 1275 1306 1318 1330 1364
Gross National Product (CZK Million) 5395271.00 5864660 5611082 5627268 5681220 5824222
Gross Fixed Capital Formation (CZK Billion) 318.08 358 328 328 331 340
GDP per capita (USD) 23833.50 23100 23100 23100 23100 23900
GDP per capita PPP (USD) 40314.20 39800 39800 39800 39800 40500
GDP From Agriculture (CZK Million) 31062.00 30714 31107 33228 33546 34391
GDP From Construction (CZK Million) 54326.00 57195 55774 55253 55783 57187
GDP From Manufacturing (CZK Million) 327934.00 292698 330480 338940 342189 350802
GDP From Public Administration (CZK Million) 163998.00 172148 169078 172261 173912 178290
GDP From Services (CZK Million) 193561.00 196819 213836 200342 202262 207353

Labour Actual Q2 Q3 Q4 Q1 2022
Unemployment Rate (%) 3.90 4.1 3.8 3.7 3.9 3.5
Labour Costs (points) 131.09 134 124 133 133 136
Wages (CZK/Month) 35285.00 35813 36641 39604 39373 40515
Wages in Manufacturing (CZK/Month) 33833.00 34179 34821 37593 37374 38458
Minimum Wages (EUR/Month) 579.22 579 585 585 595 600
Population (Million) 10.70 10.72 10.72 10.72 10.72 10.74
Retirement Age Women 63.83 63.83 63.83 63.83 64 64
Retirement Age Men 63.83 63.83 63.83 63.83 64 64
Wage Growth (%) 1.00 4.5 3.5 2.8 2.2 2.3

Prices Actual Q2 Q3 Q4 Q1 2022
Inflation Rate (%) 2.90 3.4 2.4 3.3 2.5 2.2
Inflation Rate Mom (%) 0.20 0.3 -0.1 0.1 0.1 0.2
Consumer Price Index CPI (points) 114.60 116 115 116 117 118
Producer Prices (points) 107.40 108 108 109 112 114
Producer Prices Change (%) 4.60 4.7 4.8 5.5 5.1 4.8
CPI Housing Utilities (points) 115.60 118 117 118 118 120
CPI Transportation (points) 111.60 107 108 110 112 112
Food Inflation (%) -1.30 0.3 1.1 1.6 2 2.2

Money Actual Q2 Q3 Q4 Q1 2022
Interest Rate (%) 0.25 0.25 0.25 0.5 1 1.5
Interbank Rate (%) 0.17 0.17 0.17 0.42 0.92 1.42
Deposit Interest Rate (%) 0.05 0.05 0.05 0.3 0.8 1.3
Lending Rate (%) 1.00 1 1 1.25 1.75 2.25
Cash Reserve Ratio (%) 2.00 2 2 2 2 2

Trade Actual Q2 Q3 Q4 Q1 2022
Balance of Trade (CZK Million) 19338.00 37000 30000 11000 22000 5500
Current Account (EUR Million) 3075.30 100 -2200 -1100 -1100 -1100
Current Account to GDP (% of GDP) -0.40 -0.4 -0.4 -0.4 -0.7 -0.7
Imports (CZK Million) 328827.00 327000 324000 307000 347000 309500
Exports (CZK Million) 348165.00 364000 354000 313000 369000 315000
External Debt (EUR Million) 163883.10 168200 169500 171500 172500 177700

Government Actual Q2 Q3 Q4 Q1 2022
Government Debt to GDP (% of GDP) 38.10 44.5 44.5 44.5 47.3 47.3
Government Budget (% of GDP) -6.20 -7.9 -7.9 -7.9 -6.5 -6.5
Government Spending (CZK Billion) 253.10 267 254 268 271 278
Government Spending to GDP (% of GDP) 47.50 48.1 48.1 48.1 45 45

Taxes Actual Q2 Q3 Q4 Q1 2022
Corporate Tax Rate (%) 19.00 19 19 19 19 19
Personal Income Tax Rate (%) 23.00 23 23 23 23 23
Sales Tax Rate (%) 21.00 21 21 21 21 21
Social Security Rate (%) 44.80 44.8 44.8 44.8 44.8 44.8
Social Security Rate For Companies (%) 33.80 33.8 33.8 33.8 33.8 33.8
Social Security Rate For Employees (%) 11.00 11 11 11 11 11

Business Actual Q2 Q3 Q4 Q1 2022
Business Confidence (points) 99.10 101 103 102 102 103
Manufacturing PMI (points) 61.80 58.3 55.5 56 54.8 53.5
Industrial Production (%) 55.10 11.8 5.5 3.2 4.5 3.8
Industrial Production Mom (%) 1.90 0.8 0.6 0.5 0.5 0.5

Consumer Actual Q2 Q3 Q4 Q1 2022
Consumer Confidence (points) 102.80 103 106 110 112 115
Retail Sales MoM (%) 0.70 1 0.5 0.3 0.3 0.4
Retail Sales YoY (%) 7.50 0.5 1.8 1.5 2.1 2.2
Consumer Spending (CZK Billion) 570.31 612 620 596 602 617
Consumer Credit (CZK Million) 264567.00 285246 275439 275863 277050 285518
Gasoline Prices (USD/Liter) 1.59 1.3 1.24 1.18 1.12 1.06

Housing Actual Q2 Q3 Q4 Q1 2022
Construction Output (%) -3.90 12.2 7.5 10.8 4.8 1.8


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.