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Czech Republic GDP Annual Growth Rate

Czech Republic's GDP annual growth rate rose to 1.12% in 2024, up from -0.06% in 2023, according to World Bank. This represents an increase of 1.18% from the previous year. The Czech Republic has GDP annual growth rate lower than the global median (1.12% vs median 3.24%). Compared with the median in Europe, the Czech Republic is lower (1.12% vs regional median 2.10%) and ranks 31st out of 47 countries in Europe.

Czech Republic's real GDP rose to $222.48 billion in 2024, up from $220.02 billion in 2023.

Yearly Historical Data (1991-2024)

(in %)
Year GDP Annual Growth Rate (%)
2024 1.12%
2023 -0.06%
2022 2.85%
2021 4.03%
2020 -5.3%
2019 3.57%
2018 2.83%
2017 5.17%
2016 2.58%
2015 4.96%
2014 2.25%
2013 -0.04%
2012 -0.77%
2011 1.77%
2010 2.71%
2009 -4.8%
2008 2.61%
2007 5.49%
2006 6.62%
2005 6.38%
2004 4.74%
2003 3.3%
2002 1.51%
2001 2.92%
2000 4.01%
1999 1.38%
1998 -0.39%
1997 -0.6%
1996 4.17%
1995 6.22%
1994 2.91%
1993 0.06%
1992 -0.51%
1991 -11.61%
Czech Republic GDP Annual Growth Rate : Definition
GDP Annual Growth Rate measures the yearly percentage change in Czech Republic's total economic output.
Indicator Last Value Prior Value Period
GDP $345.04B $343.21B 2024
GDP Growth Rate (QoQ) 0.5% 0.7% Jun'25
GDP Growth Rate (YoY) 2.6% 2.4% Jun'25
GDP per Capita $20,444.54 $20,251.75 2024
GDP per Capita PPP $47,961.81 $47,509.52 2024
R&D Expenditure (% GDP) 1.96% 2% 2022
Real GDP $222.48B $220.02B 2024