Sunday, February 17, 2008

GDP growth in Czech Republic for 2007.

GDP grew by 6,9% in last quarter of 2007. For the whole year 2007 change is 6,6% up. Numbers are above analyst estimations which varied between 6,3 - 6,5 %. Improvement was dragged by higher employment (on year to year basis 1,9 % more employed people). Big impact has public health insurance reform. Extraordinary stimulus came from health insurance groups due to higher expenses. This contributed for GDP increase by 0,5%.
Leading industries were energy, manufacturing industry.


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