Czech Republic

The Czech economy may face a period of slowing growth. Tight labour markets and the wage push which have supported growth recently may produce second-round effects such as rising unit labour costs, falling corporate profitability and weakened foreign trade performance. These effects may actually depress growth especially if monetary policy becomes too restrictive, foreign demand for Czech goods proves insufficient and productivity advances are less impressive than generally assumed.

map Czech Republic
Main Economic Indicators201620172018201920202021
Population, 1000 persons105661059410640...
GDP, real change in %
GDP per capita (EUR at PPP)256002690027900...
Gross industrial production, real change in %
Unemployment rate - LFS, in %, average4.
Average gross monthly wages, EUR102711201248...
Consumer prices, % p.a.
Fiscal balance in % of GDP0.71.61.4...
Public debt in % of GDP36.834.733.3...
Current account in % of GDP1.
FDI inflow, EUR mn980982067181...
Gross external debt in % of GDP73.489.382.0...

Basic data are continuously updated.

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


Monthly Report No. 1/2019

Richard Grieveson, Julia Grübler, Peter Havlik and Roman Stöllinger
wiiw Monthly Report No. 1, January 2019
42 pages including 23 Figures



CZECH REPUBLIC: Balanced but moderating growth

Leon Podkaminer
in: Strong Growth Amid Increased Negative Risks
wiiw Forecast Report No. Autumn 2018, November 2018 , pp. 80-83
Details and Buy