The GDP adjusted for pricing and seasonal factors grew by 3.0% y/y in 2018. This stems from the preliminary estimation by the Czech Statistical Office. The growth was driven mainly by domestic demand, especially gross fixed capital formation and spending on households’ end consumption. The
increment of gross added value benefited from trade, transportation, storage, accommodation and boarding. Employment grew 1.6% y/y. In Q42018, GDP gained 2.9% y/y and 1.0% q/q.