Page 18 - CE Outlook Regions 2024

2.0 Macroeconomic Outlook 2.1 Macroeconomy - Czech Republic
Czechia key economic figures and forecasts
2016 2017 2018 2019 2020 2021 2022
Nominal GDP (EUR bn) 211 226 216 238 276
Real GDP (% y/y) 2.5 5.2 3.2 3 -5.5 3.6 2.4
Industrial output (% y/y) 3.1 6.7 3 -0.3 -7.2 6.6 2.5
Unemployment rate (avg, %) 4 2.9 2.2 2 2.6 2.8 2.4
Nominal industrial wages (% y/y)
Producer prices (avg, % y/y)
Consumer prices (avg, % y/y) 0.7 2.5 2.1 2.8 3.2 3.8 15.1
Consumer prices (eop, % y/y) 2 2.4 2 3.2 2.3 6.6 15.8
General budget balance (% of GDP) 0.7 1.5 0.9 0.3 -5.8 -5.1 -3.6
Public debt (% of GDP) 36.6 34.2 32.1 30 37.7 42 44.1
Current account balance (% of GDP) 1.8 1.5 0.4 0.3 2 -2.8 -6.1
Official FX reserves (EUR bn) 81.3 123.4 124.5 133.4 135.4 153.3 132.1
Gross foreign debt (% of GDP) 72.9 85.5 81.5 75.7 75.7 74 65.5
EUR/LC (avg) 25.66 25.67 26.46 25.64 24.56
USD/LC (avg) 21.74 22.93 23.21 21.69 23.37 Source: Thomson Reuters, RBI/Raiffeisen RESEARCH, Focus Economics, IMF, Czech National Bank (CNB)
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