Czech economy grew by 1.4% in Q3 as ČSÚ revises estimate upward

The Czech economy experienced a 1.4% year-on-year growth in the third quarter of 2024, marking the strongest quarterly improvement since Q3 2022, according to revised data released by the Czech Statistical Office (ČSÚ). On a quarter-on-quarter basis, gross domestic product (GDP) increased by 0.5%.

The ČSÚ adjusted its initial estimates upward by 0.1 percentage points for both metrics, reflecting a slightly better economic performance than originally anticipated. This revised growth underscores a period of modest recovery for the Czech economy, following subdued activity earlier in the year.

The upward revision highlights positive momentum, driven by key sectors and improved domestic demand, as the economy continues to navigate global and regional economic challenges.

Source: ČSÚ and CTK