Czech Republic

The robust demand for consumer, investment and export goods is conducive to broad-based growth. However, deepening labour shortages are preventing further strong output expansion, while rapidly rising wages are starting to affect profitability. Monetary policy does not face any serious dilemmas. Under the new government, stability-oriented fiscal policy will be preserved.

map Czech Republic
Main Economic Indicators201520162017201820192020
Population, 1000 persons105461056610570...
GDP, real change in %
GDP per capita (EUR at PPP)253002560026800...
Gross industrial production, real change in %
Unemployment rate - LFS, in %, average5.
Average gross monthly wages, EUR97510201121...
Consumer prices, % p.a.
Fiscal balance in % of GDP-
Public debt in % of GDP40.036.834.6...
Current account in % of GDP0.
FDI inflow, EUR mn152198098206...
Gross external debt in % of GDP68.573.389.2...

Basic data are continuously updated.

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


CZECH REPUBLIC: Broad-based but quite moderate growth

Leon Podkaminer
in: Riding the Global Growth Wave
wiiw Forecast Report No. Spring 2018, March 2018 , pp. 90-93
Details and Buy


Monthly Report No. 1/2018 - Special Issue: 25 years break-up of Czechoslovakia

Vladimir Gligorov, Doris Hanzl-Weiss, Tomáš Holub and Ivan Mikloš
wiiw Monthly Report No. 1, January 2018
46 pages including 1 Table and 30 Figures