Name: Czech Republic Full Year GDP Growth
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/

The Czech Republic’s economy advanced by 2.5% year-on-year in 2022, following a 3.5% rise a year ago, preliminary estimates showed. The expansion was supported by fixed investment and by external demand. On the other hand, final consumption expenditure of households had a negative influence. On the production side, key drivers of growth were manufacturing and a group of economic activities of trade, transportation, and accommodation and food service activities. source: Czech Statistical Office

Full Year GDP Growth in Czech Republic averaged 1.91 percent from 1991 until 2022, reaching an all time high of 6.80 percent in 2006 and a record low of -10.00 percent in 1991. This page includes a chart with historical data for Czech Republic Full Year GDP Growth. Czech Republic Full Year GDP Growth - data, historical chart, forecasts and calendar of releases - was last updated on February of 2023.

Full Year GDP Growth in Czech Republic is expected to reach 1.50 percent by the end of 2023, according to Trading Economics global macro models and analysts expectations. In the long-term, the Czech Republic Full Year GDP Growth is projected to trend around 4.00 percent in 2024 and 3.30 percent in 2025, according to our econometric models.

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Czech Republic Full Year GDP Growth

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.