Czechia
| FORECAST* | ||||||
|---|---|---|---|---|---|---|
| Main Economic Indicators | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
| Population, 1000 persons | 10506 | 10672 | 10850 | . | . | . |
| GDP, real change in % | 3.6 | 2.4 | -0.3 | 1.2 | 2.5 | 2.7 |
| GDP per capita (EUR at PPP) | 29990 | 32040 | 34190 | . | . | . |
| Gross industrial production, real change in % | 6.8 | 2.1 | -1.3 | . | . | . |
| Unemployment rate - LFS, in %, average | 2.8 | 2.2 | 2.6 | 3.0 | 2.6 | 2.6 |
| Average gross monthly wages, EUR | 1493 | 1641 | 1806 | . | . | . |
| Consumer prices, % p.a. | 3.3 | 14.8 | 12.0 | 2.0 | 2.2 | 2.2 |
| Fiscal balance in % of GDP | -5.1 | -3.2 | -3.7 | -2.5 | -2.0 | -1.5 |
| Public debt in % of GDP | 42.0 | 44.2 | 44.0 | . | . | . |
| Current account in % of GDP | -2.8 | -4.9 | 0.4 | 0.4 | 0.8 | 1.4 |
| FDI inflow, EUR m | 10953 | 8729 | 7620 | . | . | . |
| Gross external debt in % of GDP | 76.3 | 67.4 | 61.1 | . | . | . |
Basic data are continuously updated.
* Forecasts are changed beginning of January, April, July and November.
See Press Conferences.
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Executive summary
Olga Pindyuk
in: The Crisis is Over, but its Scarring Effects are Hindering Recovery
wiiw Forecast Report No. Spring 2024, April 2024 , pp. I-VII
Details
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Monthly Report No. 1/2024
Vasily Astrov, Alexandra Bykova, Rumen Dobrinsky, Selena Duraković, Meryem Gökten, Richard Grieveson, Doris Hanzl-Weiss, Gabor Hunya, Branimir Jovanović, Niko Korpar, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Sandor Richter, Marko Sošić, Bernd Christoph Ströhm, Maryna Tverdostup and Adam Żurawski
wiiw Monthly Report No. 1, January 2024
50 pages including 5 Tables and 18 Figures
Following a minor contraction in 2023, the Czech economy will see a mild recovery this year. As inflation falls sharply and real wages rise, consumption will be the main driver behind this. Uncertainty looms over Czech industry, its trajectory hinging on the pace of growth in certain major economies, particularly Germany. A more dynamic growth path lies ahead in 2025 and 2026, as industry revives and capacity-expanding investment picks up.