According to a preliminary estimate, the gross domestic product decreased in the Q3 2020 by 5.8%, year-on-year; in the quarter-on-quarter comparison it increased by 6.2%.
The Czech economy mitigated its downturn in the Q3 2020; in the quarter-on-quarter comparison, it increased thanks to a low comparison basis. The gross domestic product (GDP) adjusted for price effects and seasonally adjusted1 decreased in the Q3 2020, according to the preliminary estimate, by 5.8% compared to the Q3 2019 and compared to the Q2 2020 it increased by 6.2%.
The negative year-on-year GDP development was caused mainly by a decrease in capital formation and by lower household consumption. The gross value added (GVA) decreased in majority of economic activities of the national economy. A negative influence on the GVA decrease came mainly from the development in industry and a group of economic activities of trade, transportation, and accommodation and food service activities.
Employment2 decreased in the Q3 2020 by 1.7%, compared to the corresponding quarter of the previous year, and by 0.1%, compared to the Q2 2020.
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Responsible head at the CZSO: Vladimír Kermiet, Director of the National Accounts Department, phone number: (+420) 274 054 247, e-mail: vladimir.kermiet@czso.cz
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: 27 October 2020
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: 1 December 2020
(GDP resources and uses for the Q3 2020)
Attachments
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⇩ apoh103020.docx
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Published: 30.10.2020
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
| Zdroj dat | www.czso.cz |
|---|---|
| Originál | czso.cz/csu/czso/ari/gdp-preliminary-estimate-3rd-quarter-of-2020 |
