Gross domestic product development

Last quarter's value

Gross domestic product development

CBA Comment
Quarter-on-quarter GDP growth accelerated to 0.75% in Q1-2025 from the previous 0.65% growth. This pace is above its long-run average growth of 0.52% from 1998-2019 and below the average growth of 0.93% from the pre-pandemic period of 2015-2019. Average quarterly growth over the last four quarters has been 0.56%. In annual terms, GDP grew by 2.2% in the last quarter after a previous 1.8% growth. In the previous year 2024, Czech GDP grew by 1% yoy.
Source of primary data
CZSO
Note
Data adjusted for working day differences and seasonal effects.
Category
Economics
Data frequency
Quarterly
Comments
Three highlights in the weaker GDP growth of half a percent
Economic commentary by Jaromir Šindel, Chief Economist of the CBA
Worse April sentiment does not bring immediate relief for the CNB
Economic commentary by Jaromir Šindel, Chief Economist of the CBA
Stronger GDP growth in Q1 does not bring a disinflationary break
Economic commentary by Jaromir Šindel, Chief Economist of the CBA
Real wage growth slightly below 4% in Q1, driven by non-market sector
Economic commentary by Jaromir Šindel, Chief Economist of the CBA
Highest unemployment in eight years does not dampen hawkish core inflation due to solid economic growth
Economic commentary by Jaromir Šindel, Chief Economist of the CBA