The Czech Republic’s gross domestic product advanced by 0.8% quarter-on-quarter in the first quarter of 2025, above preliminary estimates of a 0.5% growth and edging up from a 0.7% rise in the previous three-month period, second estimates showed.
This marked the strongest expansion in the Czech economy since Q4 of 2021, primarily attributed to an upswing in fixed investments (1.1% vs -2.4% in Q3).
Also, net trade contributed positively to the GDP, as exports (2.8% vs -1.6%) increased more than imports (2.1% vs -1.8%).
However, government spending declined for the first time in a year (-1.5% vs 0.7%), while private consumption slowed (0.1% vs 1.5%).
On a yearly basis, the economy expanded by 2.2% in Q1, higher than preliminary estimates of 2% gain, the fastest pace since Q2 of 2022, and compared to a 1.8% advance in the previous period.