GDP Preliminary Estimate - 2. quarter of 2021

GDP increased by 0.6%, q-o-q

30.07.2021
Code: 050055-21
 

According to a preliminary estimate, the gross domestic product increased in the Q2 2021 by 0.6%, quarter-on-quarter, and by 7.8%, year-on-year.


The gross domestic product (GDP)
adjusted for price effects and seasonally adjusted[1] increased in the Q2 2021, according to the preliminary estimate, by 0.6% compared to the Q1 2021 and compared to the Q2 2020 it increased by 7.8%.

A positive contribution to the year-on-year (y-o-y) GDP growth came mainly from external demand and expenditure on gross capital formation. Final consumption expenditure of households was also increasing. The y-o-y growth of the gross value added was influenced the most by the development in economic activities of industry. The quarter-on-quarter comparison was positively influenced mainly by a group of economic activities of trade, transportation, accommodation and food service activities.

Employment[2] increased in the Q2 2021, compared to the previous quarter, by 0.8%; when compared to the corresponding quarter of the previous year, it increased by 0.4%.

 

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, phone number: (+420) 274 052 750,
e‑mail: jan.benedikt@czso.cz

Used data sources updated as at: 26 July 2021
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: 31 August 2021
(GDP resources and uses for the Q2 2021)



[1] All data presented in this News Release are adjusted for seasonal and calendar effects.

[2] In terms of national accounts.

 

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Published: 30.07.2021
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