Czech Republic GDP Growth Rate

Last Release

Mar 31, 2025

Actual

0.8

Units In

0.5

Frequency

Quarterly

Next Release

Jun 27, 2025

Time to Release

27 Days 6 Hours

Highest	Lowest	Average	Date Range	Source
7.1 Sep 2020	-8.7 Jun 2020	0.51 %	1995-2025	Czech Statistical Office

In Czech Republic, household consumption is the main component of GDP and accounts for 49 percent of its total use, followed by gross fixed capital formation (25 percent) and government expenditure (19 percent). Exports of goods and services account for 84 percent of GDP while imports account for 77 percent, adding 7 percent of total GDP.

Latest Updates

The Czech Republic’s gross domestic product advanced by 0.8% quarter-on-quarter in the first quarter of 2025, above preliminary estimates of a 0.5% growth and edging up from a 0.7% rise in the previous three-month period, second estimates showed. This marked the strongest expansion in the Czech economy since Q4 of 2021, primarily attributed to an upswing in fixed investments (1.1% vs -2.4% in Q3). Also, net trade contributed positively to the GDP, as exports (2.8% vs -1.6%) increased more than imports (2.1% vs -1.8%). However, government spending declined for the first time in a year (-1.5% vs 0.7%), while private consumption slowed (0.1% vs 1.5%). On a yearly basis, the economy expanded by 2.2% in Q1, higher than preliminary estimates of 2% gain, the fastest pace since Q2 of 2022, and compared to a 1.8% advance in the previous period.