Czechia - Real Gross Domestic Product

Czechia: Real Gross Domestic Product

Mnemonic GDP$.ICZE
Unit Mil. Ch. 2015 CZK, CDASA
Adjustments Calendar Adjusted and Seasonally Adjusted
Quarterly 6.94 %
Data 2020 Q3 1,254,582
2020 Q2 1,173,180

Series Information

Source The Czech Statistical Office (CZSO)
Release National accounts
Frequency Quarterly
Start Date 3/31/1996
End Date 9/30/2020

Czechia: GDP

Reference Last Previous Units Frequency
Government Consumption 2020 Q3 301,990 295,989 Mil. CZK, CDASA Quarterly
Investment 2020 Q3 327,498 349,559 Mil. CZK, CDASA Quarterly
Nominal Fixed Investment (gross fixed capital formation) 2020 Q3 346,336 358,800 Mil. CZK, CDASA Quarterly
Nominal Gross Domestic Product 2020 Q3 1,429,600 1,331,277 Mil. CZK, CDASA Quarterly
Private Consumption 2020 Q3 660,660 631,287 Mil. CZK, CDASA Quarterly
Real Fixed Investment (gross fixed capital formation) 2020 Q3 313,927 330,587 Mil. Ch. 2015 CZK, CDASA Quarterly
Real Government Consumption 2020 Q3 243,742 245,516 Mil. Ch. 2015 CZK, CDASA Quarterly
Real Gross Domestic Product 2020 Q3 1,254,582 1,173,180 Mil. Ch. 2015 CZK, CDASA Quarterly
Real Investment 2020 Q3 296,917 320,573 Mil. Ch. 2015 CZK, CDASA Quarterly
Real Private Consumption 2020 Q3 594,063 565,725 Mil. Ch. 2015 CZK, CDASA Quarterly

Release Information

For the Czech Republic, the quarterly national accounts including the detailed expenditure approach (use of GDP) and production approach (gross value added).

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 percent it increased (or decreased) in real terms during surveyed quarter against the same quarter of the previous year.


  • National accounts framework: ESA 2010
  • Industry classification: CZ-NACE
  • Measurements:
    • Millions of Czech koruna at chained year-2015 prices (Mil. Ch. 2015 CZK)
    • At current prices (Mil. CZK)
    • Moving-base index relative to corresponding period of previous year, based on chained year-2015 prices (Ch. 2015 CZK Vol. Index CPPY=100)
  • Adjustments:
    • Calendar day adjusted and seasonally adjusted (CDASA)
    • Not seasonally adjusted (NSA)
  • Native frequency: Quarterly
  • Start date: As early as 1995Q1


  • ESA 2010, 2010 prices - 1996 to 2020
  • ESA 95, 2005 prices - 1995 to 2014
  • 2000 prices - 1995 to 2011
  • 1995 prices - 1994 to 2003

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.

Moody's Analytics supplements

Moody's Analytics seasonally adjusts the data.

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.