Czech Statistical Office: Consumption and trade -main factors of the Czech Republic GDP growth

Published: 25.06.2017 Related countries:  U.S.A. U.S.A.

Gross domestic product increased 2.9% year to year in the first quarter of 2017.

akcie_193038047-120.jpgGrowth was caused mainly thanks to expenses on the final consumption and above-average results of the external trade. Czech exports totaled CZK 898bn. This is the most among the quarterly values in the history of the Czech Republic. The export was driven by automotive industry. The economic growth was mostly contributed to by services and the manufacturing industry. Employment showed record-breaking figures - 5.33 million people in the period. The employment grew 1.5% year to year and 0.6% q/q. Unemployment decrease also in the group of people with basic education only.


Source: Czech statistical office,


Published by the team of CzechTrade foreign office in Chicago