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Data from World Bank. Forecasts by Sigmanomics Forecast Engine.
Czech RepublicCzech Republic Government Expense (% of GDP) fell to 34.44 Percent in December 2022
World BankYearlyReleased December 2022
Czech Republic Government Expense (% of GDP) fell to 34.44 Percent in December 2022, down 2.4 Percent from November's 36.85 Percent reading.
Latest Release
34.442654
Actual
—
Consensus
36.845756
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Watch | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
| USD/JPY | ▲ Direct | +0.30 | FOREX | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Government Expense (% of GDP) (Czech Republic) was reported at 34.44 Percent in December 2022. The reading fell from the previous value of 36.85 Percent. This is classified as a medium-impact indicator released on a yearly basis.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 36.31 Percent, up from the prior three at 31.75 Percent.
Auto-generated from current model state · Refreshes on each release · Last update December 2022.
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Government Expense (% of GDP) - CZ
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About Government Expense (% of GDP) — Czech Republic
WHY THIS INDICATOR MATTERS
Aggregate growth figures anchor cyclical positioning across asset classes and inform fiscal and monetary policy debate. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released annually.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection.
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EXPECTED ZONE
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Economic Calendar - CZ Events
| Monday, May 25, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 07:00 | CZ | Business Confidence | 99 | 100.4 | 99 | 99.20 | Low |
| 07:00 | CZ | Consumer Confidence | 103.4 | 106 | 105.8 | 104.97 | Low |