Czech Republic GDP Growth Rate

Last Release

Dec 31, 2024

Actual

0.5

Units In

0.4

Frequency

Quarterly

Next Release

Jun 27, 2025

Time to Release

1 Months 26 Days 16 Hours

Highest	Lowest	Average	Date Range	Source
7.1 Sep 2020	-8.7 Jun 2020	0.51 %	1995-2024	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 (GDP) grew by 0.5% in the first quarter of 2025, in line with market expectations, according to preliminary estimates. The quarterly expansion was mainly driven by continued growth in household final consumption expenditure. Gross capital formation and foreign demand also contributed slightly to the increase. On a year-on-year basis, GDP rose by 2.0%. "The 2.0% annual economic growth was supported entirely by domestic demand, particularly household consumption. The contribution of net exports was negative," said Vladimír Kermiet, Director of the National Accounts Department at the Czech Statistical Office. Gross value added increased in both quarterly and annual terms in sectors such as construction, trade, transport, accommodation and food services, and other services. In contrast, manufacturing recorded a decline.