GDP grew by 2.4 % in 2019

Published: 05.03.2020 Related countries:  United Arab Emirates United Arab Emirates

In 2019 economic growth in the Czech Republic reached 2.4 %.

In 4Q 2019 alone GDP grew 0.3 % q/q and 1.8 % y/y. This is based on the updated estimate of the Czech Statistical Office. The main factor for the full-year result was consumption spending. The household segment contributed 1.2 pp and government institution spending 0.6 pp. In 2019 gross value added increased by 2.4 %.