Czechia
| FORECAST* | ||||||
|---|---|---|---|---|---|---|
| Main Economic Indicators | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
| Population, 1000 persons | 10672 | 10864 | 10850 | . | . | . |
| GDP, real change in % | 2.8 | -0.1 | 1.1 | 2.0 | 2.5 | 2.7 |
| GDP per capita (EUR at PPP) | 32150 | 34480 | 36150 | . | . | . |
| Gross industrial production, real change in % | 2.1 | -1.3 | -0.7 | . | . | . |
| Unemployment rate - LFS, in %, average | 2.2 | 2.6 | 2.6 | 2.8 | 2.7 | 2.6 |
| Average gross monthly wages, EUR | 1625 | 1796 | 1838 | . | . | . |
| Consumer prices, % p.a. | 14.8 | 12.0 | 2.7 | 2.3 | 2.2 | 1.6 |
| Fiscal balance in % of GDP | -3.1 | -3.8 | -2.2 | -2.4 | -1.9 | -1.8 |
| Public debt in % of GDP | 42.5 | 42.5 | 43.6 | . | . | . |
| Current account in % of GDP | -4.7 | -0.1 | 1.8 | 1.8 | 1.6 | 1.5 |
| FDI inflow, EUR m | 8729 | 11010 | 12048 | . | . | . |
| Gross external debt in % of GDP | 67.4 | 61.3 | 65.6 | . | . | . |
Basic data are continuously updated.
* Forecasts are changed beginning of January, April, July and November.
See Press Conferences.
publication_icon
Monthly Report No. 4/2025
Alexandre Bernier, Doris Hanzl-Weiss, Philipp Heimberger, Michal Hrubý, Ambre Maucorps and Leon Podkaminer
wiiw Monthly Report No. 4, April 2025
56 pages including 2 Tables 36 Figures and 2 Boxes
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Executive summary
Olga Pindyuk
in: The Crisis is Over, but its Scarring Effects are Hindering Recovery
wiiw Forecast Report No. Spring 2024, April 2024 , pp. I-VII
Details
Czechia’s economy grew by 1.1% in 2024, driven by private and public consumption; meanwhile investment and industry remained weak. Inflation stabilised at 2.7%, and the central bank cut the policy rate to 4%. Fiscal consolidation in 2025 may retard growth, though a potential post-election spending boost and German defence spending could offer support. The external risks, including a potential US-EU trade war, have led us to reduce the 2025 growth forecast to 2%.