Your position: Home > Key macroeconomic indicators
Key macroeconomic indicators
The following changes were made in the key macro-economic table
Czech Republic: key macroeconomic indicators Sources: CZSO, Ministry of Labour and Social Affairs of the CR, CNB, Ministry of Finance of the CR and Czech Hydrometeorological Institute
(the data will be updated to the end of months, as follows: January, February, March, June, September and December)
Indicator | | | | | | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 |
| | Real economy indicators | |  | |  | |  | |  | |  | |  | |  | |
| GDP |  |  | | CZK bn, current p. | . | . | 1 466.5 | 1 683.3 | 1 811.1 | 1 996.5 | 2 080.8 | 2 189.2 | 2 352.2 | 2 464.4 | 2 577.1 | 2 781.1 | 2 970.3 |
| GDP per capita |  | | CZK/cap, curr. p. | . | . | 141 957 | 163 183 | 175 772 | 193 929 | 202 357 | 213 110 | 230 064 | 241 593 | 252 617 | 272 468 | 290 232 |
| GDP per capita in PPS |  | | PPS/capita, curr.p. | . | . | 10 668 | 11 643 | 11 875 | 11 979 | 12 404 | 13 033 | 13 738 | 14 595 | 14 874 | 16 013 | 17 309 |
| GDP |  |  | | %, y/y, real terms | . | . | . | 4.0 | -0.7 | -0.8 | 1.3 | 3.6 | 2.5 | 1.9 | 3.6 | 4.2 | 6.1 |
| Final consumption expenditure | | %, y/y, real terms | . | . | . | 5.7 | 2.4 | -1.0 | 3.0 | 1.1 | 2.6 | 3.5 | 6.3 | 0.8 | 2.3 |
| Household consumption |  | | %, y/y, real terms | . | . | . | 8.4 | 2.2 | -0.8 | 2.8 | 1.3 | 2.3 | 2.2 | 6.0 | 2.5 | 2.8 |
| Gross capital formation expenditure | | %, y/y, real terms | . | . | . | 11.6 | -8.4 | -2.1 | -3.5 | 10.6 | 6.6 | 4.6 | -1.4 | 8.2 | 1.6 |
| Gross fixed capital formation expenditure | %, y/y, real terms | . | . | . | 9.9 | -5.7 | -0.9 | -3.3 | 5.1 | 6.6 | 5.1 | 0.4 | 4.7 | 1.3 |
| Exports of goods and services | | %, y/y, real terms | . | . | . | 5.5 | 8.4 | 10.4 | 5.4 | 16.5 | 11.2 | 2.1 | 7.2 | 21.1 | 10.4 |
| Imports of goods and services | | %, y/y, real terms | . | . | . | 12.1 | 6.9 | 8.3 | 4.9 | 16.3 | 12.8 | 5.0 | 8.0 | 18.2 | 4.8 |
| Domestic effectiv demand |  | | %, y/y, real terms | . | . | . | 7.0 | -0.1 | -1.0 | 1.2 | 2.2 | 3.6 | 4.0 | 4.8 | 1.8 | 2.0 |
| GDP deflator |  |  | | %, y/y | | . | . | . | 10.3 | 8.4 | 11.1 | 2.8 | 1.5 | 4.9 | 2.8 | 0.9 | 3.5 | 0.7 |
| Gross disposable income |  | | CZK bn, current p. | . | . | 1 477.1 | 1 669.5 | 1 794.1 | 1 976.8 | 2 053.4 | 2 152.6 | 2 287.4 | 2 365.1 | 2 467.8 | 2 621.2 | 2 833.2 |
| Gross national saving |  | | CZK bn, current p. | . | . | 424.8 | 454.9 | 441.0 | 525.5 | 512.1 | 542.4 | 570.4 | 553.3 | 532.2 | 588.2 | 696.4 |
| Gross national saving rate |  | | % | | . | . | 28.8 | 27.2 | 24.6 | 26.6 | 24.9 | 25.2 | 24.9 | 23.4 | 21.6 | 22.4 | 24.6 |
| Gross household saving rate | | % | | . | . | 15.2 | 11.5 | 11.3 | 9.3 | 8.5 | 8.4 | 7.4 | 8.3 | 7.4 | 5.9 | 6.1 |
| Aggregate labour productivity | | %, y/y | | . | . | . | 3.3 | -0.9 | 0.9 | 3.9 | 4.0 | 2.2 | 1.6 | 4.6 | 4.1 | 4.6 |
| Unit labour costs |  | | %, y/y | | . | . | . | 8.5 | 10.1 | 6.3 | 2.6 | 0.4 | 4.1 | 3.6 | 3.0 | 2.0 | -1.5 |
| Energy specific consumption | | %, y/y | | . | . | . | 0.1 | -3.7 | -3.8 | -3.4 | -1.6 | -0.5 | -0.8 | 3.1 | -4.3 | |
| CO2 emission |  | | %, y/y | | -2.7 | -2.9 | 1.1 | 1.2 | 4.6 | -6.7 | -6.1 | 5.3 | -0.4 | -4.2 | 4.0 | -0.2 | |
| Industry - | sales |  | | %, y/y, real terms | . | . | . | . | 6.1 | 0.6 | -0.7 | 7.7 | 6.0 | 2.7 | 5.8 | 9.9 | 8.1 |
| Construction - | sales |  | | %, y/y, real terms | . | . | . | . | -0.3 | -11.5 | -8.5 | 0.6 | 6.8 | -3.5 | 11.2 | 4.5 | 3.7 |
| Market services - sales |  | | %, y/y, real terms | . | . | . | . | -1.7 | -5.7 | 2.3 | 5.7 | 4.4 | 0.9 | 4.7 | 3.2 | 3.1 |
| Agriculture - sales |  | | %, y/y, real terms | . | . | . | . | 0.7 | -1.8 | 1.9 | -3.0 | -1.6 | 2.5 | -5.5 | 0.0 | 8.0 |
| Number of Employees |  | | %, y/y | | . | 0.7 | 2.6 | 0.6 | -2.0 | -1.4 | -2.4 | 1.3 | 0.6 | 0.0 | -0.4 | -1.0 | 0.7 |
| Registered unemployment rate | | %, avrg. | | 2.95 | 3.30 | 2.99 | 3.08 | 4.28 | 6.04 | 8.54 | 9.02 | 8.54 | 9.15 | 9.90 | 10.24 | . |
| Registered unemployment rate (new meth.) | %, avrg. | | . | . | . | . | . | . | . | . | . | . | . | 9.19 | 8.97 |
| ILO general unemployment rate | | %, avrg. | | 4.3 | 4.3 | 4.0 | 3.9 | 4.8 | 6.5 | 8.7 | 8.8 | 8.1 | 7.3 | 7.8 | 8.3 | 7.9 |
| Long-term unemployment rate | | %, avrg. | | 0.7 | 0.9 | 1.1 | 1.1 | 1.3 | 1.9 | 3.1 | 4.1 | 4.2 | 3.7 | 3.8 | 4.2 | 4.2 |
| Average gross nominal wages4) | | %, y/y | | . | 18.6 | 18.6 | 18.3 | 9.9 | 9.2 | 8.4 | 6.4 | 8.7 | 7.3 | 6.6 | 6.6 | 5.4 |
| Average real wages |  | | %, y/y | | . | 7.8 | 8.7 | 8.7 | 1.3 | -1.4 | 6.2 | 2.4 | 3.8 | 5.4 | 6.5 | 3.7 | 3.4 |
| Avrg. old-age pension/avrg. Wage | | % | | 47.0 | 44.4 | 43.8 | 43.5 | 45.3 | 45.9 | 45.2 | 44.2 | 43.4 | 43.5 | 42.2 | 40.6 | 40.7 |
| CPI |  |  | | %, y/y, avrg. | 20.8 | 10.0 | 9.1 | 8.8 | 8.5 | 10.7 | 2.1 | 3.9 | 4.7 | 1.8 | 0.1 | 2.8 | 1.9 |
| CPI |  |  | | %, y/y, Dec | 18.2 | 10.2 | 7.9 | 8.6 | 10.0 | 6.8 | 2.5 | 4.0 | 4.1 | 0.6 | 1.0 | 2.8 | 2.2 |
| PPI - industry |  | | %, y/y, avrg. | 9.2 | 5.3 | 7.6 | 4.8 | 4.9 | 4.9 | 1.0 | 4.9 | 2.9 | -0.5 | -0.3 | 5.7 | 3.0 |
| PPI - construction work |  | | %, y/y, avrg. | 25.9 | 13.9 | 10.6 | 11.3 | 11.3 | 9.3 | 4.8 | 4.1 | 4.0 | 2.7 | 2.2 | 3.7 | 3.0 |
| PPI - market services |  | | %, y/y, avrg. | . | . | 17.6 | 12.7 | 10.9 | 8.8 | 4.1 | 3.4 | 3.9 | 3.2 | 1.6 | 2.3 | 1.9 |
| PPI - agricultural producers | | %, y/y, avrg. | 8.4 | 4.7 | 7.6 | 8.3 | 2.9 | 2.3 | -11.7 | 9.2 | 8.4 | -9.5 | -2.9 | 8.1 | -9.2 |
| Prices of exports of goods | | %, y/y, avrg. | 4.0 | 4.6 | 7.3 | 1.0 | 5.2 | 4.3 | -0.9 | 6.3 | 0.4 | -6.7 | 0.9 | 3.7 | -1.4 |
| Prices of imports of goods | | %, y/y, avrg. | -0.7 | -1.0 | 5.7 | 1.4 | 5.1 | -2.7 | 1.8 | 12.0 | -1.5 | -8.5 | -0.3 | 1.6 | 0.3 |
| Exchange rates |  | | %, y/y, avrg. | 4.7 | 5.7 | 1.5 | -0.4 | 0.1 | 7.2 | -2.7 | -5.1 | 1.9 | 2.0 | 1.2 | 2.1 | -1.7 |
| | Monetary indicators | | | | | | | | | | | | | | | | |
| CZK/EUR |  |  | | avrg. | | . | . | . | . | . | . | 36.882 | 35.610 | 34.083 | 30.812 | 31.844 | 31.904 | 29.784 |
| CZK/USD |  |  | | avrg. | | 29.155 | 28.782 | 26.545 | 27.138 | 31.711 | 32.274 | 34.600 | 38.590 | 38.038 | 32.736 | 28.227 | 25.701 | 23.947 |
| Nominal effective exchange rate | | %, y/y | | . | 3.4 | 2.4 | 1.4 | -5.7 | 0.4 | -0.3 | 1.4 | 4.4 | 11.2 | -0.4 | -0.1 | 6.3 |
| Real effective exchange rate |  | %, y/y | | . | . | . | . | . | . | -0.2 | 0.3 | 4.9 | 10.5 | -3.4 | 3.0 | 4.9 |
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | | 8 |
| M2 * |  |  |  | %, y/y | | . | 20.7 | 20.3 | 9.1 | 10.8 | 5.4 | 7.7 | 5.6 | 13.0 | 3.5 | 6.9 | 4.4 | 8.0 |
| Current account (CA) of balance of payments | CZK bn | | 13.3 | -22.6 | -36.3 | -111.9 | -113.0 | -40.5 | -50.6 | -104.9 | -124.5 | -136.4 | -160.6 | -167.3 | -61.7 |
| Financial account (FA) of balance of payments | CZK bn | | 88.2 | 97.0 | 218.3 | 113.6 | 34.3 | 94.3 | 106.6 | 148.0 | 172.8 | 347.8 | 157.1 | 183.7 | 137.9 |
| Change in foreign exchange reserves | | CZK bn | | -88.3 | -68.3 | -197.9 | 22.5 | 56.0 | -62.6 | -57.1 | -31.6 | -67,2 | -216.9 | -12.9 | -6.8 | -92.9 |
| CA/GDP |  |  | | % | | . | . | -2.5 | -6.6 | -6.2 | -2.0 | -2.4 | -4.8 | -5.3 | -5.5 | -6.2 | -6.0 | -2.1 |
| FA/GDP |  |  | | % | | . | . | 14.9 | 6.7 | 1.9 | 4.7 | 5.1 | 6.8 | 7.3 | 14.1 | 6.1 | 6.6 | 4.6 |
| CNB international reserves (CNB IR) | | CZK bn | | 116.0 | 175.1 | 373.0 | 339.9 | 338.5 | 376.7 | 461.4 | 496.8 | 524.5 | 714.6 | 691.5 | 636.2 | 726.7 |
| CNB IR/GDP |  |  | | % | | . | . | 25.4 | 20.2 | 18.7 | 18.9 | 22.2 | 22.7 | 22.3 | 29.0 | 26.8 | 22.9 | 24.5 |
| Coverage of goods & services imports by CNB IR | month | | . | . | 5.5 | 4.4 | 3.9 | 4.1 | 4.7 | 4.1 | 3.9 | 5.6 | 5.0 | 3.8 | 4.2 |
| | Fiscal indicators | | | | | | | | | | | | | | | | |
| General government deficit (surplus) | | CZK bn | | . | . | -197,0 | -55.8 | -68.8 | -100.1 | -77.3 | -81.5 | -135.0 | -166.8 | -170.6 | -80.6 | -107.6 |
| General government deficit (surplus)/GDP | % | | . | . | 13.4 | 3.3 | 3.8 | 5.0 | 3.7 | 3.7 | 5.7 | -6.8 | -6.6 | -2.9 | -3.6 |
| State budget balance |  | | CZK bn | | 1.1 | 10.4 | 7.2 | -1.6 | -15.7 | -29.3 | -29.6 | -46.1 | -67.7 | -45.7 | -109.1 | -93.7 | -56.3 |
| State budget balance/GDP | | % | | . | . | 0.5 | -0.1 | -0.9 | -1.5 | -1.4 | -2.1 | -2.9 | -1.9 | -4.2 | -3.4 | -1.9 |
| General government debt |  | | CZK bn | | . | . | 214.4 | 209.9 | 236.7 | 299.8 | 340.5 | 405.4 | 591.5 | 702.3 | 775.0 | 855.1 | 903.5 |
| General government debt/GDP | | % | | . | . | 14.6 | 12.5 | 13.1 | 15.0 | 16.4 | 18.5 | 25.1 | 28.5 | 30.1 | 30.7 | 30.4 |
| State debt |  |  | | CZK bn | | 158.8 | 157.3 | 154.4 | 155.2 | 173.1 | 194.7 | 228.4 | 289.3 | 345.0 | 395.9 | 493.2 | 592.9 | 691.2 |
| State debt/GDP | | | % | | . | . | 10.5 | 9.2 | 9.6 | 9.8 | 11.0 | 13.2 | 14.7 | 16.1 | 19.1 | 21.3 | 23.3 |
Sources: Ministry of Finance of the CR, Ministry of Labour and Social Affairs of the CR, CNB, CZSO
Notes:
y/y = year-on-year change; . = not available; * = end of period
