GDP Preliminary Estimate - 2nd quarter of 2019
Czech economy continued to grow
In the Q2 2019, according to a preliminary estimate, the gross domestic product was 0.6% up, quarter-on-quarter, and 2.7% up, year-on-year.
The Czech economy continued to grow also in the Q2 2019. The gross domestic product (GDP) adjusted for price effects and seasonally adjusted1) increased in the Q2 2019, according to a preliminary estimate, by 0.6%, quarter-on-quarter (q-o-q). Compared to the corresponding quarter of the previous year, it increased by 2.7%.
Final consumption expenditure supported mainly by household consumption was the dominant growth factor of the GDP in the Q2 2019. External demand also significantly contributed to the GDP growth. On the contrary, investment activity gradually decreased its growth dynamics. Favourable economic development continued in most of the economic activities of Czech economy. The highest contribution to the growth of the gross value added came from a group of economic activities of trade, transportation and storage, and accommodation and food service activities.
Employment2) remained unchanged in the Q2 2019, q-o-q. Compared to the corresponding quarter of 2018 it was 0.8% up.
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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, e-mail: vladimir.kermiet@czso.cz
Contact person: Jan Benedikt, Head of the Quarterly Estimates Unit,
Used data sources updated as at: 7 August 2019
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 August 2019
(GDP resources and uses for the Q2 2019)
- 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: 14.08.2019
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
