Retail Sales in Czech Republic
The Czech Republic's economy recorded an average growth rate of 2.9% in retail sales in the decade leading to 2022, which is above the 1.5% average for Eastern Europe. In 2022, the retail sales growth was -3.7%.
Czech Republic Retail Chart
Note: This chart displays Retail Sales (ann. var. %) for Czech Republic from 2014 to 2023.
Source: Macrobond.
Czech Republic Retail Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Retail Sales (ann. var. %) | 4.8 | -1.5 | 4.1 | -3.9 | -4.5 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Czech retail projections for the next ten years from a panel of 6 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable retail forecast available for Czech retail.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Czech retail projections.
Want to get access to the full dataset of Czech retail forecasts? Send an email to info@focus-economics.com.