The Gross Domestic Product (GDP) in Czech Republic contracted 3.30 percent in the first quarter of 2020 over the previous quarter. GDP Growth Rate in Czech Republic averaged 0.54 percent from 1995 until 2020, reaching an all time high of 2.40 percent in the second quarter of 2017 and a record low of -3.50 percent in the first quarter of 2009. In Czech Republic, household consumption is the main component of GDP and accounts for 49 percent of its total use, followed by gross fixed capital formation (25 percent) and government expenditure (19 percent). Exports of goods and services account for 84 percent of GDP while imports account for 77 percent, adding 7 percent of total GDP. This page provides the latest reported value for – Czech Republic GDP Growth Rate – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
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