GDP Preliminary Estimate - 4. quarter of 2022
GDP increased by 2.5% in 2022
The gross domestic product (GDP) adjusted for price effects and seasonally adjusted[1] increased in 2022, according to the preliminary estimate, by 2.5% compared to 2021. The growth was supported by expenditure on gross capital formation and by external demand. On the other hand, final consumption expenditure of households had a negative influence. The growth of the gross value added (GVA) was mainly supported by manufacturing and a group of economic activities of trade, transportation, and accommodation and food service activities.
{C}
“In the last quarter of 2022, the performance of the Czech economy decreased by 0.3%, quarter-on-quarter. Especially lower final consumption expenditure of households was the main reason,” Vladimír Kermiet, Director of the National Accounts Department of the Czech Statistical Office (CZSO), comments on the data.
In the Q4 2022, the GDP increased by 0.4%, year-on-year. The year-on-year growth was mainly supported by expenditure on gross capital formation and by external demand. On the other hand, final consumption expenditure had a negative influence. On the gross value added formation side, in the year-on-year comparison, mainly industry was successful, whereas in a group of economic activities of trade, transportation, and accommodation and food service activities there was a decrease.
Employment[2] increased by 1.8% in 2022. In the Q4 2022, employment decreased, quarter-on-quarter, by 0.3% and increased by 1.5% in the year-on-year comparison.
Responsible head at the CZSO: Vladimír Kermiet, Director of the National Accounts Department, phone number: (+420) 274 054 247,
Contact person: Jan Benedikt, Head of the Quarterly Estimates Unit, phone number: (+420) 274 052 750, e‑mail: jan.benedikt@czso.cz
Used data sources updated as at: 25 January 2023
Related CZSO web page: https://www.czso.cz/csu/czso/quarterly-national-accounts-gdp-resources-and-uses-and-gdp-preliminary-estimate
Next News Release will be published on: 3 March 2023
(GDP resources and uses for the Q4 2022)
[1] All data presented in this News Release are adjusted for price changes and seasonal and calendar effects.
[2] employment in terms of national accounts
- year 2024 | 1. quarter of 2024
- year 2023 | 4th quarter of 2023 | 3rd quarter of 2023 | 2nd quarter of 2023 | 1st quarter of 2023
- year 2022 | 4. quarter of 2022 | 3. quarter of 2022 | 2. quarter of 2022 | 1. quarter of 2022
- year 2021 | 4. quarter of 2021 | 3. quarter of 2021 | 2. quarter of 2021 | 1. quarter of 2021
- year 2020 | 4th quarter of 2020 | 3rd quarter of 2020 | 2nd quarter of 2020 | 1st quarter of 2020
- year 2019 | 4th quarter of 2019 | 3rd quarter of 2019 | 2nd quarter of 2019 | 1st quarter of 2019
- year 2018 | 4th Quarter of 2018 | 3rd Quarter of 2018 | 2nd Quarter of 2018 | 1st Quarter of 2018
- year 2017 | 4th quarter of 2017 | 3rd quarter of 2017 | 2nd quarter of 2017 | 1st quarter of 2017
- year 2016 | 4. quarter of 2016 | 3. quarter of 2016 | 2. quarter of 2016 | 1. quarter of 2016
- year 2015 | 4th quarter of 2015 | 3rd quarter of 2015 | 2nd quarter of 2015 | 1st quarter of 2015
- year 2014 | 4 quarter 2014 | 3 quarter 2014 | 2 quarter 2014 | 1 quarter 2014
- year 2013 | 4th quarter of 2013 | 3rd quarter of 2013 | 2nd quarter of 2013 | 1st quarter of 2013
- year 2012 | 4th quarter of 2012 | 3rd quarter of 2012 | 2nd quarter of 2012 | 1st quarter of 2012
- year 2011 | 4th quarter of 2011 | 3rd quarter of 2011 | 2nd quarter of 2011 | 1st quarter of 2011
- year 2010 | 4th quarter of 2010 | 3rd quarter of 2010 | 2nd quarter of 2010 | 1st quarter of 2010
Published: 31.01.2023
The data are valid as of the release date of the publication.
Contact: Information Services Unit - Headquarters, tel.: +420 274 056 789, email: infoservis@czso.cz