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European Construction Sector Observatory: Czech Republic

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Credits: ECSO

Over the 2010-2019 period, Czech Republic’s GDP increased by 22.6%, totalling CZK5,182.8 billion (EUR 198.2 billion) in 2019.

 

This is an annual growth of 2.4% compared to the 2018 levels. Czech’s economy performed well in 2019, primarily driven by strong private consumption and steady wage increase, partially offsetting weak exports growth and ongoing geopolitical tensions.

 

Likewise, the number of enterprises in the broad construction sector increased by 7.8% over the 2010-2019 period, totalling 306,477 in 2019.

 

With regards to sub-sectors, the largest increment being reported by the architectural and engineering activities(+21.3%) sub-sector, followed by the real estate activities (+9.1%) and the narrow construction (+6.4%) sub-sectorsover the same reference period, respectively.

 

In parallel, the volume index of production in the broad construction sector increased by 9.2% over the 2015-2019 period, mainly driven by a 17.6% increase in the production of construction of buildings partially offsetting an 8.4% decline in the production of construction of civil engineering between 2015 and 2019.

 

Contents included are:

  • Key figures
  • Macroeconomic indicators
  • Key economic drivers of the construction sector
  • Key issues and barriers in the construction sector
  • Innovation in the construction sector
  • National and regional regulatory framework
  • Current status and national strategies to meet Construction 2020 objectives
  • Outlook

Additional documents