Czechia
| FORECAST* | ||||||
|---|---|---|---|---|---|---|
| Main Economic Indicators | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Population, 1000 persons | 10698 | 10506 | 10525 | . | . | . |
| GDP, real change in % | -5.5 | 3.6 | 2.5 | 0.2 | 2.4 | 2.7 |
| GDP per capita (EUR at PPP) | 28050 | 29710 | 32060 | . | . | . |
| Gross industrial production, real change in % | -7.2 | 6.9 | 2.5 | . | . | . |
| Unemployment rate - LFS, in %, average | 2.6 | 2.8 | 2.2 | 2.7 | 2.6 | 2.6 |
| Average gross monthly wages, EUR | 1367 | 1478 | 1643 | . | . | . |
| Consumer prices, % p.a. | 3.3 | 3.3 | 14.8 | 10.4 | 4.0 | 3.0 |
| Fiscal balance in % of GDP | -5.8 | -5.1 | -3.6 | -4.2 | -2.5 | -1.9 |
| Public debt in % of GDP | 37.7 | 42.0 | 44.1 | . | . | . |
| Current account in % of GDP | 2.0 | -2.8 | -6.1 | -2.8 | -1.7 | -0.5 |
| FDI inflow, EUR m | 7367 | 10953 | 10045 | . | . | . |
| Gross external debt in % of GDP | 76.3 | 76.3 | 66.8 | . | . | . |
Basic data are continuously updated.
* Forecasts are changed beginning of January, April, July and November.
See Press Conferences.
publication_icon
Executive summary
Olga Pindyuk
in: Sailing Through Rough Waters
wiiw Forecast Report No. Spring 2023, April 2023 , pp. I-VI
Details
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Monthly Report No. 4/2023
Vasily Astrov, Olga Pindyuk, Maryna Tverdostup and Sergey Utkin
wiiw Monthly Report No. 4, April 2023
53 pages including 2 Tables and 33 Figures
With persistently high inflation, cooling internal and external demand, tight monetary conditions and a deteriorating fiscal position, the macroeconomic challenges facing Czechia are mounting. The Czech economy will manage to keep its head just above water and will avoid a recession, but it will be stagnant this year. The slowdown is expected to be temporary, and the economy should be in a position to see renewed growth from 2024 onwards.