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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.
|Main Economic Indicators||2011||2012||2013||2014||2015||2016|
|Population, 1000 persons.||10496||10511||10514||.||.||.|
|GDP, real change in %||1.8||-1.0||-0.9||1.7||2.4||3.0|
|GDP per capita (EUR at PPP)||20300||20700||21000||.||.||.|
|Gross industrial production, real change in %||5.9||-0.9||0.0||.||.||.|
|Unemployment rate - LFS, in %, average||6.7||7.0||7.0||7.5||7.3||7.0|
|Average gross monthly wages, EUR||995||997||965||.||.||.|
|Consumer prices, % p.a.||2.2||3.5||1.4||1.0||1.8||1.5|
|Fiscal balance in % of GDP||-3.2||-4.2||-1.5||.||.||.|
|Public debt in % of GDP||41.4||46.2||46.0||.||.||.|
|Current account in % of GDP||-2.7||-1.3||-1.4||-1.0||-1.2||-1.4|
|FDI inflow, EUR mn||1632||6211||3783||.||.||.|
|Gross external debt in % of GDP||46.8||50.8||54.0||.||.||.|
Basic data are continuously updated.
* Forecasts are changed beginning of March, July and November.
See Press Conferences.
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
THE CZECH REPUBLIC: A change (for the better?)
in: Investment to the Rescue
wiiw Forecast Report No. Spring 2014, March 2014 , pp. 41-43 Details and Buy