GDP increased by 0.3%, quarter-on-quarter
Product Code: 050055-24
30 July 2024
According to a preliminary estimate, the gross domestic product increased by 0.3%, quarter-on-quarter, in the Q2 2024. In the year-on-year comparison, it increased by 0.4%.
Subscribe now
Do you wish to receive information about the release of this product directly into your email inbox
The gross domestic product (GDP) adjusted for price effects and seasonally adjusted [1] increased in the Q2 2024, according to the preliminary estimate, by 0.3% compared to the previous quarter. When compared to the corresponding quarter of the previous year, it increased by 0.4%.
The quarter-on-quarter GDP growth was influenced by an increasing domestic demand, which was especially supported by higher final consumption expenditure. External demand had a negative influence.
“The year-on-year growth of the economy by 0.4% was mainly supported by final consumption expenditure of households. Final consumption expenditure of general government was also increasing and external demand had a positive influence, too. On the other hand, a change in inventories contributed negatively,” Vladimír Kermiet, Director of the National Accounts Department of the Czech Statistical Office (CZSO), said.
The development of the gross value added was positively influenced in both comparisons mainly by a group of economic activities of trade, transportation, and accommodation and food service activities. Information and communication and financial and insurance activities were successful. A decrease in industry continued.
Employment [2] increased by 0.5%, quarter-on-quarter; compared to the corresponding quarter of the previous year, it increased by 0.2%.
[1] All data presented in this news release are adjusted for seasonal and calendar effects.
[2] in terms of national accounts
- apoh073024.docx
Notes
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: 22 July 2024
Related CZSO web page: Quarterly GDP estimates | Statistics (gov.cz)
Next news release will be published on: 30 August 2024
(GDP resources and uses for the Q2 2024)
Related information
- Methodology
- Time series
Archive
2024
- 1. quarter of 2024
- 2. quarter of 2024
2023
- 1st quarter of 2023
- 2nd quarter of 2023
- 3rd quarter of 2023
- 4th quarter of 2023
2022
- 1. quarter of 2022
- 2. quarter of 2022
- 3. quarter of 2022
- 4. quarter of 2022
2021
- 1. quarter of 2021
- 2. quarter of 2021
- 3. quarter of 2021
- 4. quarter of 2021
2020
- 1st quarter of 2020
- 2nd quarter of 2020
- 3rd quarter of 2020
- 4th quarter of 2020
2019
- 1st quarter of 2019
- 2nd quarter of 2019
- 3rd quarter of 2019
- 4th quarter of 2019
2018
- 1st Quarter of 2018
- 2nd Quarter of 2018
- 3rd Quarter of 2018
- 4th Quarter of 2018
2017
- 1st quarter of 2017
- 2nd quarter of 2017
- 3rd quarter of 2017
- 4th quarter of 2017
2016
- 1. quarter of 2016
- 2. quarter of 2016
- 3. quarter of 2016
- 4. quarter of 2016
2015
- 1st quarter of 2015
- 2nd quarter of 2015
- 3rd quarter of 2015
- 4th quarter of 2015
2014
- 1 quarter 2014
- 2 quarter 2014
- 3 quarter 2014
- 4 quarter 2014
2013
- 1st quarter of 2013
- 2nd quarter of 2013
- 3rd quarter of 2013
- 4th quarter of 2013
2012
- 1st quarter of 2012
- 2nd quarter of 2012
- 3rd quarter of 2012
- 4th quarter of 2012
2011
- 1st quarter of 2011
- 2nd quarter of 2011
- 3rd quarter of 2011
- 4th quarter of 2011
2010
- 1st quarter of 2010
- 2nd quarter of 2010
- 3rd quarter of 2010
- 4th quarter of 2010
Zařazeno | út 30.07.2024 00:07:00 |
---|---|
Zdroj | CZSO News Release |
Originál | csu.gov.cz/rychle-informace/gdp-preliminary-estimate-2-quarter-of-2024 |