GDP Preliminary Estimate - 2. quarter of 2021
GDP increased by 0.6%, q-o-q
Publication Date: 30. 07. 2021
Product Code: 050055-21
The gross domestic product (GDP) adjusted for price effects and seasonally adjusted[1] increased in the Q2 2021, according to the preliminary estimate, by 0.6% compared to the Q1 2021 and compared to the Q2 2020 it increased by 7.8%.
A positive contribution to the year-on-year (y-o-y) GDP growth came mainly from external demand and expenditure on gross capital formation. Final consumption expenditure of households was also increasing. The y-o-y growth of the gross value added was influenced the most by the development in economic activities of industry. The quarter-on-quarter comparison was positively influenced mainly by a group of economic activities of trade, transportation, accommodation and food service activities.
Employment[2] increased in the Q2 2021, compared to the previous quarter, by 0.8%; when compared to the corresponding quarter of the previous year, it increased by 0.4%.
Responsible head at the CZSO: Vladimír Kermiet, Director of the National Accounts Department, phone number: (+420) 274 054 247, e-mail: vladimir.kermiet@csu.gov.cz
Contact person: Jan Benedikt, Head of the Quarterly Estimates Unit, phone number: (+420) 274 052 750, e‑mail: jan.benedikt@csu.gov.cz
Used data sources updated as at: 26 July 2021
Related CZSO web page: https://csu.gov.cz/quarterly-national-accounts-gdp-resources-and-uses-and-gdp-preliminary-estimate
Next News Release will be published on: 31 August 2021
(GDP resources and uses for the Q2 2021)
[1] All data presented in this News Release are adjusted for seasonal and calendar effects.
[2] In terms of national accounts.