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Czech Republic real GDPCzech Republic real GDPCzech Republic real GDP

Czech Republic real GDP

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CZGDPCP chart


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Key data points


Last release
—
Observation period
Q2 2024
Next release
—
Forecast
—
Highest
‪1.57 T‬ CZK on Jun 30, 2024
Lowest
‪734.08 B‬ CZK on Mar 31, 1998

About Czech Republic real GDP


Category
GDP
Source
Statistical Office (CSU)
Frequency
Quarterly
Units
CZK

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CZFYGDPG
Full Year GDP Growth
CZGDP
GDP
CZGDPA
GDP From Agriculture
CZGDPC
GDP From Construction
CZGDPMAN
GDP From Manufacturing
CZGDPPA
GDP From Public Administration
CZGDPPC
GDP Per Capita
CZGDPPCP
GDP Per Capita PPP
CZGDPQQ
GDP Growth Rate
CZGDPS
GDP From Services
CZGDPYY
GDP Growth
CZGFCF
Gross Fixed Capital Formation
CZGNP
Gross National Product

Frequently Asked Questions


Real GDP is calculated using a GDP price deflator, which is the difference in prices between the current year and the base year. Then nominal GDP (GDP adjusted for inflation) is divided by this deflator, yielding real GDP. Nominal GDP is usually higher than real GDP because inflation is typically a positive number.
Since GDP measures an economy's output, it is subject to inflationary pressure. So real GDP is a measure of an economy's output adjusted for inflation.
Last quarter Czech Republic real GDP was 1.572 T CZK, and the quarter before that it reached 1.566 T CZK.