Czech Republic

The Czech economy has finally recovered from the effects of fiscal consolidation. Given the relatively low level of debt burden in both the government and private sectors and the ‘growth-friendly’ monetary and fiscal policies, recovery over the period 2015-2017 seems assured. Acceleration of growth, however, may only be gradual as fixed investment is unlikely to expand at a markedly high rate. Doubts have recently been voiced about the country’s foreign trade performance in the years to come.

map Czech Republic
Main Economic Indicators201220132014201520162017
Population, 1000 persons.105111051410534...
GDP, real change in %-0.8-
GDP per capita (EUR at PPP)218002160022500...
Gross industrial production, real change in %-0.8-0.14.9...
Unemployment rate - LFS, in %, average7.
Average gross monthly wages, EUR997965933...
Consumer prices, % p.a.
Fiscal balance in % of GDP-3.9-1.2-2.0...
Public debt in % of GDP44.645.042.6...
Current account in % of GDP-1.6-0.50.6-1.0-1.2-1.5
FDI inflow, EUR mn734855443679...
Gross external debt in % of GDP60.263.466.5...

Basic data are continuously updated.

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


THE CZECH REPUBLIC: Second dip left behind

Leon Podkaminer
in: A Time of Moderate Expectations
wiiw Forecast Report No. Spring 2015, March 2015 , pp. 57-58
Details and Buy


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