Czech Republic

Strong and broad-based growth continues, although signs of weakening foreign trade performance have emerged. Increasing labour shortages (though somewhat eased by high inflows of foreign workers) are conducive to strengthening wage pressures. However, inflation is unlikely to accelerate even if the monetary policy stance remains unchanged. The government (still lacking a firm parliamentary backing) will continue to run a sound fiscal policy.

map Czech Republic
Main Economic Indicators201520162017201820192020
Population, 1000 persons105461056610570...
GDP, real change in %
GDP per capita (EUR at PPP)253002550026400...
Gross industrial production, real change in %
Unemployment rate - LFS, in %, average5.
Average gross monthly wages, EUR97510271120...
Consumer prices, % p.a.
Fiscal balance in % of GDP-
Public debt in % of GDP40.036.834.7...
Current account in % of GDP0.
FDI inflow, EUR mn152198098206...
Gross external debt in % of GDP68.573.489.3...

Basic data are continuously updated.

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


Monthly Report No. 6/2018

Vasily Astrov, Rumen Dobrinsky, 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. 6, June 2018
27 pages including 1 Table and 1 Figure



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