GDP Preliminary Estimate - 3. quarter of 2022
GDP decreased by 0.4%, quarter-on-quarter
The gross domestic product (GDP) adjusted for price effects and seasonally adjusted[1] was by 0.4% lower in the Q3 2022, according to the preliminary estimate, compared to the previous quarter. When compared to the corresponding quarter of the previous year, it increased by 1.6%.
“The quarter-on-quarter decrease was caused by lower domestic demand, mainly by lower final consumption expenditure of households, which decreased already for the fourth successive quarter. On the other hand, external demand had a positive influence,” Vladimír Kermiet, Director of the National Accounts Department of the Czech Statistical Office (CZSO), said.
The following had a negative influence on the gross value added: mainly a group of economic activities of trade, transportation, accommodation and food service activities; a decrease also occurred in construction. Industry slightly increased.
Gross fixed capital formation and external demand had a positive contribution to the year-on-year GDP growth. Final consumption expenditure decreased. The year-on-year growth of the gross value added was the most contributed to by industry and most of economic activities of services.
Employment[2] remained unchanged, quarter-on-quarter; in the year-on-year comparison, it increased by 2.0%.
Responsible head at the CZSO: Vladimír Kermiet, Director of the National Accounts Department, phone number: (+420) 274 054 247,
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: 26 October 2022
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: 2 December 2022
(GDP resources and uses for the Q3 2022)
[1] All data presented in this News Release have been adjusted for seasonal and calendar effects.
[2] in terms of national accounts
- 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: 01.11.2022
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