Statisticians: 2021 economic growth at 3.3 percent

The Czech economy grew by 3.3 percent year-on-year in 2021 and by 3.6 percent in the fourth quarter, according to the refined estimate by the Czech Statistics Office published on Thursday. It represents the best result since 2017, when GDP grew by 5.4 per cent year-on-year.

However, the growth was not sufficient to counter the extent of the recession of 2020, which saw the country’s gross domestic product fall by 5.8 percent. That figure represented the biggest drop in the recent history of the Czech Republic.