Czech Republic

Demand, profitability and indebtedness conditions are conducive to rapid, broad-based growth. The emerging labour shortages support a faster rise in wages, yet without eroding profits in industry. Monetary policy faces no serious dilemmas. The fiscal policy orientation of the new government will remain essentially unchanged.

map Czech Republic
        FORECAST*
Main Economic Indicators201420152016201720182019
Population, 1000 persons105251054610566...
GDP, real change in %2.75.32.63.73.23.0
GDP per capita (EUR at PPP)238002540025700...
Gross industrial production, real change in %5.04.63.5...
Unemployment rate - LFS, in %, average6.15.14.03.53.33.5
Average gross monthly wages, EUR9369751020...
Consumer prices, % p.a.0.40.30.62.32.12.0
Fiscal balance in % of GDP-1.9-0.60.7...
Public debt in % of GDP42.240.036.8...
Current account in % of GDP0.20.21.10.60.20.1
FDI inflow, EUR mn610115215875...
Gross external debt in % of GDP69.670.274.0...


Basic data are continuously updated.

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

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CZECH REPUBLIC: Broad-based growth

Leon Podkaminer
in: CESEE Back on Track to Convergence
wiiw Forecast Report No. Autumn 2017, November 2017 , pp. 67-70
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Monthly Report No. 7-8/2017

Vasily Astrov, Rumen Dobrinsky, Vladimir Gligorov, Richard Grieveson, Doris Hanzl-Weiss, Peter Havlik, Gabor Hunya, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Leon Podkaminer, Sandor Richter and Hermine Vidovic
wiiw Monthly Report No. 7-8, July-August 2017
27 pages including 1 Table and 2 Figures

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