The recent expansion of infrastructural investment is not going to extend into the years ahead. However, in the light of the low level of debt in the private sector and pursuit of monetary policy conducive to growth, further moderate recovery, with growth averaging 2.4%, should be assured over the period 2016-2018, notwithstanding the uncertainties that persist concerning the future course of fiscal policy and foreign trade performance given the (expected) strengthening of the domestic currency.
|Main Economic Indicators||2013||2014||2015||2016||2017||2018|
|Population, 1000 persons.||10514||10525||10525||.||.||.|
|GDP, real change in %||-0.5||2.0||4.2||2.4||2.3||2.4|
|GDP per capita (EUR at PPP)||22200||23200||25000||.||.||.|
|Gross industrial production, real change in %||-0.1||5.0||4.4||.||.||.|
|Unemployment rate - LFS, in %, average||7.0||6.1||5.1||5.0||4.9||4.9|
|Average gross monthly wages, EUR||964||930||970||.||.||.|
|Consumer prices, % p.a.||1.3||0.4||0.3||1.5||1.7||1.9|
|Fiscal balance in % of GDP||-1.3||-2.0||-0.4||.||.||.|
|Public debt in % of GDP||45.1||42.7||41.1||.||.||.|
|Current account in % of GDP||-0.5||0.2||0.9||0.5||0.0||-0.5|
|FDI inflow, EUR mn||5544||6101||2223||.||.||.|
|Gross external debt in % of GDP||63.5||68.7||70.7||.||.||.|
Basic data are continuously updated.
* Forecasts are changed beginning of March, July and November.
See Press Conferences.
THE CZECH REPUBLIC: Back to normal
in: Growth Stabilises: Investment a Major Driver, Except in Countries Plagued by Recession
wiiw Forecast Report No. Spring 2016, March 2016 , pp. 71-75 Details and Buy
Monthly Report No. 7-8/2015
Vasily Astrov, Serkan Çiçek, Rumen Dobrinsky, Vladimir Gligorov, Doris Hanzl-Weiss, Peter Havlik, Mario Holzner, Gabor Hunya, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Leon Podkaminer, Sandor Richter and Hermine Vidovic
wiiw Monthly Report No. 7-8, July-August 2015
25 pages including 1 Table and 2 Figures