The Czech economy grew by 8.1 percent year-on-year in Q2

Published: 30.09.2021 Related countries:  United Kingdom United Kingdom

According to the Czech Statistical Office (CZSO), the Czech economy grew by 8.1 percent in the second quarter and by 1 percent quarter-on-quarter compared to the same period last year. A previous estimate from the end of August indicated a year-on-year increase in gross domestic product by 8.2 percent.

Household income and consumption rose sharply in the second quarter. Real household incomes increased by 3.9 percent compared to the previous quarter, which is the highest quarter-on-quarter growth in the history of the measurement, according to the CZSO.

Compared to the previous year, household per capita income was higher by 6.4 percent and real household consumption was higher by 8.6 percent. The average monthly income from employment reached CZK 38,890 in Q2. Compared to the previous quarter, it increased by 3.9 percent in real terms and by 10.1 percent year-on-year.

The loosening of anti-epidemic measures led to a quarter-on-quarter increase in consumer expenditure per capita by 4.8 percent.

Source: CZSO