DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/b9e739/czech_republic_ret) has announced the addition of the "Czech Republic Retail Report Q4 2011" report to their offering.
Czech Republic Retail Report provides industry professionals and strategists, corporate analysts, retail associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Czech Republic's retail industry.
The Q411 BMI Czech Republic Retail report forecasts that the country's retail sales will grow by 18% between 2011 and 2015, from a predicted CZK929.06bn (US$89.12bn) in 2011 to CZK1,099.42bn (US$105.47bn) by the end of the forecast period. Rising disposable incomes, easier access to credit, the increasing number of large retail outlets and shopping centres and increasing car ownership are key factors behind retail market expansion. EU membership since 2004 and substantial foreign direct investment (FDI) continue to drive growth, contributing to predicted annual retail sales growth of 4.0% in local currency terms over the forecast period.
The Czech Republic's nominal GDP in 2011 is forecast to be US$226.70bn, up by 2.4% year-on-year (y-o-y). Average annual GDP growth of 3.4% is predicted by BMI for 2011-2015. The population is expected to remain static at about 10.6mn throughout the forecast period, but GDP per capita is predicted to rise to US$26,386.
BMI data suggest that over the counter (OTC) pharmaceutical sales will grow by more than 13%, from US$0.82bn in 2011 to US$0.93bn by the end of the forecast period.
Consumer electronic sales are forecast to expand by nearly 22%, from US$4.33bn in 2011 to US$5.28bn by 2015, with per capita consumer electronics spending forecast to grow by at least 19% to US$513 as sales of digital products increase.
Read more inside Czech Republic Retail Report Q4 2011
For more information visit http://www.researchandmarkets.com/research/b9e739/czech_republic_ret