GDP Preliminary Estimate - 1st quarter of 2023
GDP increased by 0.1%, quarter-on-quarter
The gross domestic product (GDP) adjusted for price effects and seasonally adjusted[1] increased in the Q1 2023, according to the preliminary estimate, by 0.1% compared to the previous quarter. When compared to the corresponding quarter of the previous year, it decreased by 0.2%.
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“Both the quarter-on-quarter and year-on-year development of the GDP were positively influenced mainly by an increasing external demand. On the other hand, a negative influence came from further decreasing final consumption expenditure of households. Also gross capital formation decreased; there was a year-on-year slump after a two-year period of growth,” Vladimír Kermiet, Director of the National Accounts Department of the Czech Statistical Office (CZSO), said.
The year-on-year growth of the gross value added was the most contributed to especially by industry and in the quarter-on-quarter comparison also by a group of economic activities of trade, transportation, and accommodation and food service activities. In the quarter-on-quarter comparison, also construction and information and communication were successful.
Employment[2] increased by 0.4%, quarter-on-quarter; compared to the corresponding quarter of the previous year, it increased by 1.4%.
[1] All data presented in this News Release are adjusted for seasonal and calendar effects.
[2] in terms of national accounts
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: 25 April 2023
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: 30 May 2023
(GDP resources and uses for the Q1 2023)
- 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: 02.05.2023
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