GDP Preliminary Estimate - 2nd Quarter of 2018
Czech economy 2.3% up, year-on-year
According to the preliminary estimate, the gross domestic product in the Q2 2018 increased by 0.5%, quarter-on-quarter, and by 2.3%, year-on-year.
The Czech economy growth continued also in the Q2 2018. The gross domestic product (GDP) adjusted for price effects and seasonally adjusted[1] was in the Q2 2018, according to the preliminary estimate, by 0.5% higher than in the previous quarter and compared to the Q2 2017 it increased by 2.3%. In the quarter-on-quarter (q-o-q) comparison, the Czech economy thus still keeps its performance; however, in the year-on-year comparison the dynamics of growth dropped due to a high comparison basis.
Domestic demand continued to be crucial for the positive development of the economy. The following contributed the most to the GDP growth: consumption expenditure of households followed by investment expenditure of companies. Also external trade positively contributed to the GDP development. The gross value added formation was contributed to most significantly by manufacturing and economic activities of trade and construction.
Employment[2] increased in the Q2 2018 by 0.6%, q-o-q, and compared to the Q2 2017 it increased by 1.9%.
Responsible head at the CZSO: Vladimír Kermiet, Director of the National Accounts Department, phone number: (+420) 274 054 247,e-mail: vladimir.kermiet@czso.cz
Contact person: Jan Benedikt, Head of the Quarterly Estimates Unit,phone number: (+420) 274 052 750, e‑mail: jan.benedikt@czso.cz
Used data sources updated as at: 7 August 2018
Related CZSO web page: https://www.czso.cz/csu/czso/quarterly-national-accounts-gdp-resources-and-uses-and-gdp-preliminary-estimate
Next News Release will be published on: 31 August 2018
(GDP resources and uses for the Q2 2018)
- year 2024 | 1. quarter of 2024
- year 2023 | 4th quarter of 2023 | 3rd quarter of 2023 | 2nd quarter of 2023 | 1st quarter of 2023
- year 2022 | 4. quarter of 2022 | 3. quarter of 2022 | 2. quarter of 2022 | 1. quarter of 2022
- year 2021 | 4. quarter of 2021 | 3. quarter of 2021 | 2. quarter of 2021 | 1. quarter of 2021
- year 2020 | 4th quarter of 2020 | 3rd quarter of 2020 | 2nd quarter of 2020 | 1st quarter of 2020
- year 2019 | 4th quarter of 2019 | 3rd quarter of 2019 | 2nd quarter of 2019 | 1st quarter of 2019
- year 2018 | 4th Quarter of 2018 | 3rd Quarter of 2018 | 2nd Quarter of 2018 | 1st Quarter of 2018
- year 2017 | 4th quarter of 2017 | 3rd quarter of 2017 | 2nd quarter of 2017 | 1st quarter of 2017
- year 2016 | 4. quarter of 2016 | 3. quarter of 2016 | 2. quarter of 2016 | 1. quarter of 2016
- year 2015 | 4th quarter of 2015 | 3rd quarter of 2015 | 2nd quarter of 2015 | 1st quarter of 2015
- year 2014 | 4 quarter 2014 | 3 quarter 2014 | 2 quarter 2014 | 1 quarter 2014
- year 2013 | 4th quarter of 2013 | 3rd quarter of 2013 | 2nd quarter of 2013 | 1st quarter of 2013
- year 2012 | 4th quarter of 2012 | 3rd quarter of 2012 | 2nd quarter of 2012 | 1st quarter of 2012
- year 2011 | 4th quarter of 2011 | 3rd quarter of 2011 | 2nd quarter of 2011 | 1st quarter of 2011
- year 2010 | 4th quarter of 2010 | 3rd quarter of 2010 | 2nd quarter of 2010 | 1st quarter of 2010
Published: 14.08.2018
The data are valid as of the release date of the publication.
Contact: Information Services Unit - Headquarters, tel.: +420 274 056 789, email: infoservis@czso.cz