République tchèque

Economic performances: GDP growth, inflation, unemployment...

rtc

The last fifteen years of economic policy

The Klaus government adopted free-market measures and launched a shock therapy. Initially good, the performances were degraded after 1996. - The social-democrats engaged basic reforms, which gave good foundings to the Czech economy.

Weaknesses : The level of economic activity depends on the main trading partners (Germany with more than a 1/3 of the total trade, then Slovakia, Austria and the USA)

 

Main economic indicators for the Czech Republic

  2011 2012 2013 2014 (f)
GDP growth (%) 1.8 -1.0 -0.9 2.1
Inflation (yearly average) (%) 1.9 3.5 1.4  1.2
Budget balance (% GDP) -3.3  -4.4  -1.5  -2.0
Current account balance (% GDP)  -2.9  -2.4  -1.2  -0.5
Public debt (% GDP)  41.0  45.7  47.9 46.9

(f) Forecast

Source: Coface.com

 

 

Related articles

bulletThe Czech economy

bulletStatistics for the Czech republic

bulletThe finance sector in the Czech Republic

 

To go further

cnb.cz - Czech National Bank

mfcr.cz - Czech Ministry of Finance

Czech-Republic.net - All rights reserved- Our offers -