Gross Domestic Product

Gross domestic product development

2.6 % yoy

Current value

2.4 % yoy

Last quarter's value

Gross domestic product development

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CBA Commentary

Quarter-on-quarter GDP growth in the second quarter of 2025 slowed to 0.45% from the previous 0.82% growth. This rate is below its long-term average growth rate of 0.68% from 1998-2019 and below the average growth rate of 0.92% from the pre-pandemic period of 2015-2019. Thus, the level of GDP in the second quarter of 2025 was 3.8% above the pre-pandemic level in the last quarter of 2019.
Average quarter-on-quarter GDP growth in the last four quarters was 0.64%. In annual terms, GDP thus grew by 2.6% in the second quarter of 2025, after a previous growth of 2.4%. In the previous year, 2024, Czech GDP grew by 1.1% yoy.

Source of primary data

CZSO

Note

Data adjusted for working day differences and seasonal effects.

Category

Economics

Data frequency

Quarterly

Related Charts

Comments

Weak July industrial and services recovery hinders continuation of solid GDP growth

8. 9. 2025

7 min. reading

Economic commentary by Jaromír Šindel, Chief Economist of the CBA: Although the economy breathed a half-percent growth in the second quarter, the July figures were rather disappointing and suggest a cooling. However, the Czech economy is generating upside risks to inflation, which limits the room for manoeuvre of the CNB, which is likely to stick to the CNB's 3.5% terminal interest rate thesis. August's registered unemployment confirmed a worse trend, which, however, is not confirmed by other data.

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