GDP up 4.8% in Q1, employment up 1.5%

Published: 01.06.2022 Related countries:  Czech Republic Czech Republic

Czech Statistical Office announced macroeconomic data recorded in first quarter of 2022.

In the first quarter of 2022, the Czech Republic's gross domestic product (GDP) grew by 0.9% quarter on quarter and 4.8% year on year. According to a more exact estimate by the Czech Statistical Office, the year-on-year growth was boosted mainly by expenditures on final household consumption and gross capital formation. At the same time, foreign demand had a negative impact. This year, household expenditures have already been impacted by the growing price levels and restricted expenditures, mainly on long-term consumption items.

Compiled by the team of CzechTrade office in Latvia (Lithuania, Estonia).
Source: ČIA NEWS,