Czech Republic

The relaxed monetary policy combined with exchange rate interventions suppressing the value of the national currency seems to have helped foreign trade developments and overall growth. A noticeable inflationary speed-up has so far been absent, private sector indebtedness has remained low. A mild fiscal relaxation, long overdue, has been supporting the recovery which is likely to accelerate in 2015.

map Czech Republic
        FORECAST*
Main Economic Indicators201120122013201420152016
Population, 1000 persons.104961051110514...
GDP, real change in %2.0-0.8-0.71.72.43.0
GDP per capita (EUR at PPP)214002180021600...
Gross industrial production, real change in %5.9-0.90.0...
Unemployment rate - LFS, in %, average6.77.07.07.57.37.0
Average gross monthly wages, EUR995997965...
Consumer prices, % p.a.2.23.51.41.01.81.5
Fiscal balance in % of GDP-3.0-4.0-1.4...
Public debt in % of GDP39.443.943.8...
Current account in % of GDP-2.6-1.3-1.4-1.0-1.2-1.4
FDI inflow, EUR mn163262113783...
Gross external debt in % of GDP54.860.262.8...


Basic data are continuously updated.

* Forecasts are changed beginning of March, July and November.
See Press Conferences.

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Monthly Report No. 7-8/2014

Vasily Astrov, Rumen Dobrinsky, Vladimir Gligorov, Doris Hanzl-Weiss, Peter Havlik, Mario Holzner, Gabor Hunya, Michael Landesmann, Sebastian Leitner, Leon Podkaminer, Sandor Richter and Hermine Vidovic
wiiw Monthly Report No. 7-8, July 2014
23 pages including 1 Table and 2 Figures
Details

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THE CZECH REPUBLIC: A change (for the better?)

Leon Podkaminer
in: Investment to the Rescue
wiiw Forecast Report No. Spring 2014, March 2014 , pp. 41-43
Details and Buy


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