Czech Republic

Solid external balances and low levels of indebtedness in both the private and public sectors will support moderate growth of above 2% over the period 2016-2018. Some uncertainties persist, however, as to the future course of fiscal policy and the impact of the expected strengthening of the domestic currency.

map Czech Republic
        FORECAST*
Main Economic Indicators201320142015201620172018
Population, 1000 persons.105141052510546...
GDP, real change in %-0.52.74.52.22.42.6
GDP per capita (EUR at PPP)223002350025000...
Gross industrial production, real change in %-0.15.04.6...
Unemployment rate - LFS, in %, average7.06.15.14.13.93.8
Average gross monthly wages, EUR964930970...
Consumer prices, % p.a.1.40.40.30.71.31.8
Fiscal balance in % of GDP-1.3-1.9-0.6...
Public debt in % of GDP44.942.240.3...
Current account in % of GDP-0.50.20.91.20.90.6
FDI inflow, EUR mn554461012223...
Gross external debt in % of GDP63.267.869.4...


Basic data are continuously updated.

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

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CZECH REPUBLIC: Economic growth driven by external surplus

Leon Podkaminer
in: Labour Shortages Driving Economic Growth?
wiiw Forecast Report No. Autumn 2016, , pp. 62-65
Details and Buy

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Monthly Report No. 7-8/2016

Vasily Astrov, Serkan Çiçek, Rumen Dobrinsky, Vladimir Gligorov, Doris Hanzl-Weiss, Peter Havlik, Mario Holzner, Gabor Hunya, Simona Jokubauskaite, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Leon Podkaminer, Sandor Richter and Hermine Vidovic
wiiw Monthly Report No. 7-8,
25 pages including 1 Table and 1 Figure

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