GDP grows by 2.5% in 3Q 2019

Published: 02.12.2019 Related countries:  China China

The Czech economy growth amoung the strongest in EU.

The gross domestic product was by 0.4% higher in the Q3 compared to the previous quarter; in the year-on-year comparison it increased by 2.5%. This was confirmed by a refined estimate of the Czech Statistical Office. The Czech economy growth was supported by both the domestic and external demand. The gross value added (GVA) increased by 0.3% q/q and 2.4% y/y. Final consumption expenditure increased by 0.3% q/q and by 2.6% y/y. Gross fixed capital formation (GFCF) decreased by 0.3%, both y/y and q/q. As for the type of assets, especially investments in housing and investments in other buildings and structures increased y/y. On the
contrary, the y-o-y decrease in investments in machinery and equipment deepened even more.