Czech Republic’s Economy Continues to Grow – GDP Rises by 2.0 Per Cent in the Second Quarter
Private Consumption and Rising Foreign Demand Support Economic Growth
Foto: Cemrecan Yurtman | Unsplash
The Czech Republic’s economy continued its moderate growth trajectory in the second quarter of 2026. Household consumption expenditure and export demand in particular contributed to the increase in gross domestic product.
The Czech Republic’s economy continued to grow in the second quarter of 2026. According to a preliminary estimate by the Czech Statistical Office (ČSÚ), gross domestic product (GDP) increased by 0.4 per cent compared with the previous quarter. Compared with the second quarter of the previous year, the economy grew by 2.0 per cent.
Seasonally and price-adjusted GDP was supported quarter on quarter mainly by higher household consumption expenditure and a positive contribution from foreign trade. Gross fixed capital formation, by contrast, had a negative impact.
Grafic: Czech Statistical Office (ČSÚ)
“Annual GDP growth of 2.0 per cent was driven in particular by higher household consumption expenditure and rising foreign demand,” said Vladimír Kermiet, Director of the National Accounts Department at the Czech Statistical Office.
Gross value added also developed positively. Compared with the previous quarter, industry made the largest contribution to growth. Most service sectors also recorded positive developments.
Year on year, the increase in gross value added was driven primarily by industry, trade, transport, accommodation and food services, as well as the information and communication sector.
