Czech Republic - Government Consumption





Czech Republic: Government Consumption

Mnemonic G.ICZE
Unit Mil. CZK, SA
Adjustments Seasonally Adjusted
Quarterly 3.04 %
Data 2019 Q2 286,896
2019 Q1 278,439

Series Information

Source The Czech Statistical Office (CZSO)
Release National accounts
Frequency Quarterly
Start Date 3/31/1995
End Date 6/30/2019

Czech Republic: GDP

Reference Last Previous Units Frequency
Government Consumption 2019 Q2 286,896 278,439 Mil. CZK, SA Quarterly
Investment 2019 Q2 352,069 370,482 Mil. CZK, CDASA Quarterly
Nominal Fixed Investment (gross fixed capital formation) 2019 Q2 352,392 347,595 Mil. CZK, CDASA Quarterly
Nominal Gross Domestic Product 2019 Q2 1,406,725 1,388,419 Mil. CZK, CDASA Quarterly
Private Consumption 2019 Q2 657,053 646,022 Mil. CZK, CDASA Quarterly
Real Fixed Investment (gross fixed capital formation) 2019 Q2 315,546 317,539 Mil. Ch. 2010 CZK, CDASA Quarterly
Real Government Consumption 2019 Q2 230,120 227,242 Mil. Ch. 2010 CZK, SA Quarterly
Real Gross Domestic Product 2019 Q2 1,215,803 1,206,860 Mil. Ch. 2010 CZK, CDASA Quarterly
Real Investment 2019 Q2 317,506 335,375 Mil. Ch. 2010 CZK, CDASA Quarterly
Real Private Consumption 2019 Q2 575,168 571,343 Mil. Ch. 2010 CZK, CDASA Quarterly

Release Information

Gross domestic product (GDP) is the key indicator of the economic development. It represents the sum of values added by all branches of activities which are considered productive in the system of national accounts (including market and non-market services). Calculations are made at current prices and results are then converted into constant prices so that development excluding influences due to price changes can be kept track of.

Increase (or decrease) of GDP in constant prices shows by how many % it increased (or decreased) in real terms during surveyed quarter against the same quarter of the previous year.

GDP is compiled independently using two computational methods – the production approach and the expenditure approach. The income approach is not involved in the balancing process because gross operating surplus (including mixed income) is derived as a residual item. Differences between results of both approaches are removed in the balancing process.

Within every regular quarterly estimate, revisions of results for previous preiods are made. Quarters of the current year may be corrected on the basis of more complete and updated quarterly data sources. Moreover, revisions due to compilation of annual national accounts are made twice a year. Within every estimate for 1st quarter (published in June), quarters of the year T-3 are corrected due to definitive version of annual accouts and quarters of the year T-2 are corrected due to semi-definitive version of annual accounts. Within every estimate for 3rd quarter (published in December), quarters of the year T-1 are corrected due to preliminary version of annual accounts. No revisions are released within preliminary quarterly estimates.

Moody's Analytics seasonally adjusts the data and makes this available along with the data as published by the national source.