Czech Republic: Selected Economic and Financial Indicators
|(Change in percent)|
|Unemployment rate (end of period)||3.5||3.2||2.9||3.5||5.2|
|Gross national savings (in percent of GDP) 1/||29.5||27.4||29.0||25.4||23.9|
|Gross domestic investment (in percent of GDP)||28.0||29.3||32.5||33.0||30.2|
|(In percent of GDP)|
|Gross debt (central government)||15.8||13.8||11.5||10.2||10.9|
|(12-month change in percent of beginning of period broad money)|
|Money and Credit (end of period)|
|Credit to enterprises and households||18.9||16.6||12.7||9.9||9.4|
|Net foreign assets||9.5||11.2||10.6||−1.7||6.2|
|Interest Rates (average)3/|
|Balance of Payments|
|(Percent of GDP)||1.5||−1.9||−2.7||−7.6||−6.3|
|Gross official reserves (end of period)||3.9||6.2||14.0||12.4||9.8|
|Reserve cover (months of merchandize imports)||3.2||4.3||6.7||5.4||4.4|
|External Debt, end of period|
|External debt in convertible currencies||8.5||10.7||16.5||20.8||21.8|
|Fund holdings of currency||589.6|
|(In percent of quota)||100.0|
|Exchange rate regime:||Currently a managed float; until May 27, 1997, pegged to a|
|DM/US$ basket with fluctuation margins|
|Present rate (February 13, 1998)||CZK 34.636 = US$1|
|Nominal exchange rate against the currency basket 4/||1.004||1.005||1.004||1.014||0.952|
|Real effective exchange rate 5/|
|(CPI-based. Jan.-Sep. 1990=100)||110.5||118.0||124.8||134.6||133.2|
Includes statistical discrepancy (in contrast to official statistics which include the discrepancy in domestic investment).
Includes central government, local authorities and social insurance funds. Excludes privatization revenues equivalent to 0.8 percent of GDP in 1993, 1.6 percent of GDP in 1994, 1.1 percent of GDP in 1995, 0.2 percent of GDP in 1996, and 0.4 percent of GDP in 1997.
Average rate in last quarter.
The currency basket comprises the Deutsche mark (weight of 65 percent) and the U.S. dollar (weight of 35 percent).
1997 figure refers to January-September.