CZECH ECONOMY In 2016 and 1H2017
Gross Domestic Product (constant prices, seasonally adjusted, y-o-y change, in %) 8 6 4 2 0-2 -4-6 -8 I/08 I/09 I/10 I/11 I/12 I/13 I/14 I/15 I/16 I/17 EA19 Germany USA Czech Republic Source: CZSO, Eurostat, BEA 2
Contributions of Industries to Variation in GDP or GVA (seasonally adjusted data, in %) 5 6 4 3 2-1 01-2 -3 I/13 I/14 I/15 I/16 I/17 Source: CZSO Agriculture, forestry and fishing Mining, energy Trade, transportation, food services Other services Manufacturing Construction Financial services Gross value added 3
Development of Main Price Aggregates (y-o-y index, in %) 10 5 0-5 -10 1/13 1/14 1/15 1/16 1/17 CPI PPI Market services Import prices Export prices Source: CZSO 4
Average Gross Monthly Wage (left axis in CZK per FTE employee, right axis y-o-y growth, in %) 35 000 30 000 25 000 20 000 15 000 10 000 5 000 0 I/13 I/14 I/15 I/16 I/17 Economy Manufacturing Nominal growth Real growth 10 8 6 4 2 0-2 -4 Source: CZSO 5
Unemployment (% of the active population, seasonally adjusted) 16 14 12 10 8 6 4 2 0 I/13 I/14 I/15 I/16 I/17 CZ EA19 DE SK Source: Eurostat 6
Nominal Exchange Rate (CZK/EUR) 29 28 27 26 25 III/13 7.11.201 3 I/14 I/15 I/16 I/17 6.4.2017 Source: CNB 7
Interest Rates of Client Loans (in %) 10,0 9,0 8,0 7,0 6,0 5,0 4,0 3,0 2,0 1,0 0,0 Households - total position Households - total position Non-financial corp. - newly drawn Non-financial corp. - newly drawn Source: CNB 8
Gross Value Added (GVA) in the Economy, Industry and Manufacturing (y-o-y change in %, not seasonally adjusted) 8 6 4 2 0 7,0 6,7 5,0 5,8 3,7 2,5 National economy Industry, total Manufacturing 2016 1-6/2017 Source: CZSO 9
Manufacturing Industry and Automobile Industry (IPI, average month of 2010 = 100) 210,0 190,0 170,0 150,0 130,0 110,0 90,0 70,0 50,0 Manufacturing Automotive industry 07 08 09 10 11 12 13 14 15 16 17 Source: CZSO 10
Industrial Production in Countries of Europe (IPI, y-o-y growth in %, not seasonally adjusted) 2016 1-6/2017 DE 1,2 2,0 CZ 3,5 5,3 PL 2,8 5,8 SK 4,8 4,7 AT 2,2 3,1 FR 0,5 1,0 UK 1,1 0,7 Source: Eurostat 11
GVA Shares of Economic Sectors (in 1996 and 2016) 1996 2016 Construction 8% Industry, total (without manufacturing) 8% Construction 6% Industry, total (without manufacturing) 5% Manufacturing 25% Manufacturing 27% Services 55% Agriculture 4% Services 60% Agriculture 2% Source: CZSO 12
Main Parts of the Manufacturing Development 2016, 1-6/2017 (y-o-y change in %) 2016 1-6/2017 Food 0,9 2,5 Rubber and Plastics 3,9 8,8 Non-metallic mineral products -0,9 4,3 Fabricated metal products 5,0 4,5 Computer, electronic and optical products 4,1 12,7 Electrical equipment 2,5 7,6 Machinery and equipment 2,6 7,1 Motor vehicles 11,8 9,5 Source: CZSO 13
Limits of Production in Industry 100% 80% 60% 40% 20% 0% 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 None Lack of employees Financial constraints Insufficient demand Lack of material and/or equipment Others Source: CZSO 14
External Trade in Goods and Services (based on national accounts) (left axis in %, seasonally adjusted, constant prices of 2010, right axis net exports in CZK bn, seasonally adjusted, prices of the previous year) 120,0 110,0 100,0 90,0 80,0 0,0 13 14 15 16 17 Net exports of goods Net exports of services Exports - growth Imports - growth 150,0 100,0 50,0 Source: CZSO 15
External Trade in Goods (national concept) (in CZK bn, current prices) 4 000 3 500 3 000 2 500 2 000 1 500 1 000 500 0-500 Exports Imports Balance 05 06 07 08 09 10 11 12 13 14 15 16 17* Source: CZSO, * 1H2017 16
External Trade in Goods by Territorrial Structure (National Concept) (in CZK bn, current prices) 1-12/2016 1-6/2016 1-6/2017 CZK bn. % CZK bn. CZK bn. index 17/16 Turnover 6 434 3 249 3 479 107,1 EU28 4 944 77 2 518 2 653 105,4 - EA19 3 812 59 1 935 2 047 105,8 non EU 1 465 23 719 812 112,9 Unspecif. 25 0 12 13 108,3 Exports 3 299 1 686 1 797 106,6 EU28 2 771 84 1 426 1 508 105,8 - EA19 2 156 65 1 109 1 171 105,6 non EU 526 16 259 287 110,9 Unspecif. 2 0 0 1 143,8 Imports 3 135 1 563 1 682 107,6 EU28 2 173 69 1 092 1 145 104,9 - EA19 1 656 53 826 876 106,1 non EU 939 30 460 525 114,1 Unspecif. 23 1 12 12 95,5 Balance 164 122 115 EU28 597 335 363 - EA19 500 283 295 non EU -413-201 -238 Unspecif. -21-11 -10 Source: CZSO 17
Territorial Structure of External Trade Others 41% Export of goods DE 32% Others 45% Import of goods DE 27% CHN 10% UK 5% FR 5% PL 6% SK 10% FR 3% SK 6% PL 9% Source: CZSO 18
External Trade by Commodity Structure (CZK bn, current prices) SITC 1-12/2016 1-6/ 2016 1-6/ CZK bn. % CZK bn. CZK bn. 2017 index 17/16 Export 3 299 1 686 1 797 106,6 Machinery and transport equipment 1 777 54 916 986 107,6 Manufactured goods by material 594 18 309 318 102,9 Manufactured articles 385 12 189 201 106,3 Chemicals and related products 212 6 106 117 110,4 Food and live animals 138 4 69 69 100,0 Crude materials 80 2 39 48 123,1 Mineral fuels, lubricants 77 2 40 40 100,0 Beverages and tobacco 16 0 8 8 100,0 Animal and vegetable oils 13 0 7 5 71,4 Commodities not classified 9 0 4 5 125,0 Import 3 135 1 563 1 682 107,6 Machinery and transport equipment 1 337 43 662 713 107,7 Manufactured goods by material 585 19 302 323 107,0 Manufactured goods by material 368 12 193 199 103,1 Manufactured article 378 12 177 191 107,9 Mineral fuels, lubricants 175 6 82 105 128,0 Food and live animals 174 6 87 87 100,0 Crude materials 74 2 38 43 113,2 Beverages and tobacco 25 1 12 13 108,3 Animal and vegetable oils 11 0 6 4 66,7 Commodities not classified 9 0 4 5 125,0 Source: CZSO 19
3 500 000 000 Exports of the Czech Republic with Selected Countries (cross-border statistics) Exports of the Czech Republic with Selected Countries (1999-2016, CZK thousand) 3 000 000 000 2 500 000 000 2 000 000 000 1 500 000 000 1 000 000 000 500 000 000 0 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Austria China Germany France United Kingdom Hungary Italy Netherlands Poland Slovakia 20
Imports of the Czech Republic with Selected Countries (cross-border statistics) 3 000 000 000 Imports of the Czech Republic with Selected Countries (1999-2016, CZK thousand) 2 500 000 000 2 000 000 000 1 500 000 000 1 000 000 000 500 000 000 0 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Austria China Germany France United Kingdom Hungary Italy Netherlands Poland Slovakia 21
Commodity Structure of Exports of the Czech Republic (cross-border statistics) Exports Commodity Structure of the Czech Republic 1999-2016 (CZK thousand) 4 200 000 000 3 900 000 000 3 600 000 000 3 300 000 000 3 000 000 000 2 700 000 000 2 400 000 000 2 100 000 000 1 800 000 000 1 500 000 000 1 200 000 000 900 000 000 600 000 000 300 000 000 0 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 0 Food and live animals 1 Beverages and tobacco 2 Crude materials 3 Fuels and related products 4 Animal and vegetable oils, fats and waxes 5 Chemicals and related products 6 Manufactured goods by material 7 Machinery and transport equipment 8 Miscellaneous manufactured articles 9 Not specified 22
Commodity Structure of Imports of the Czech Republic (cross-border statistics) Commodity Structure of Imports of the Czech Republic 1999-2016 (CZK thousand) 3 600 000 000 3 300 000 000 3 000 000 000 2 700 000 000 2 400 000 000 2 100 000 000 1 800 000 000 1 500 000 000 1 200 000 000 900 000 000 600 000 000 300 000 000 0 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 0 Food and live animals 1 Beverages and tobacco 2 Crude materials 3 Fuels and related products 4 Animal and vegetable oils, fats and waxes 5 Chemicals and related products 6 Manufactured goods by material 7 Machinery and transport equipment 8 Miscellaneous manufactured articles 9 Not specified 23
Thank you for your attention 24