Czech Republic: GDP increased by 2,3% year-on-year

Published: 29.11.2018 Related countries:  U.S.A. U.S.A.

According to the preliminary estimate, the gross domestic product in the Q3 2018 increased by 0.4%, quarter-on-quarter, and by 2.3%, year-on-year.

The Czech economy growth continued in the Q3 2018, however, with a slower growth rate than in the previous quarter. The gross domestic product (GDP), adjusted for price effects and seasonally adjusted, was in the Q3 2018, according to the preliminary estimate, by 0.4% higher than in the previous quarter and compared to the Q3 2017 it increased by 2.3%.

Both the domestic and external demand contributed to the positive development of the Czech economy. The GDP growth was the most contributed to by both the final consumption expenditure of households and of the general government.

Source: https://www.czso.cz/csu/czso/ari/gdp-preliminary-estimate-3rd-quarter-of-2018

Published by the team of CzechTrade foreign office in Chicago.