Economic Growth in Czech Republic
Economy expands in Q1
The economy expanded 0.1% in seasonally adjusted quarter-on-quarter terms in Q1, contrasting Q4’s 0.4% decrease. Meanwhile, output decreased 0.2% on a seasonally adjusted year-on-year basis in Q1, swinging from the 0.3% expansion recorded in Q4.
According to a press release, external demand supported year-on-year growth, while falling final consumption and capital formation had a negative impact.
Czech Republic Economic Growth Chart
Czech Republic Economic Growth Data
2017 | 2018 | 2019 | 2020 | 2021 | |
---|---|---|---|---|---|
Economic Growth (GDP, ann. var. %) | 5.3 | 3.2 | 3.0 | -5.5 | 3.5 |