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 Indicators201520162017201820192020
Population, 1000 persons105461056610594...
GDP, real change in %
GDP per capita (EUR at PPP)253002560026900...
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.


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


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