DUBLIN--(BUSINESS WIRE)--Dublin - Research and Markets (http://www.researchandmarkets.com/research/7btt3j/czech_republic_ret) has announced the addition of the "Czech Republic Retail Report Q1 2012" report to their offering.
The Q112 BMI Czech Republic Retail Report forecasts that the country's retail sales will grow by 11% between 2011 and 2015, from a predicted CZK911.01bn (US$87.79bn) in 2011 to CZK1,010.86bn (US$97.41bn) 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 average retail sales growth of 2.3% in local currency terms over the forecast period.
The Czech Republic's nominal GDP in 2011 is forecast to be US$223.00bn. Average annual real GDP growth of 2.0% is predicted by BMI for 2011-2015. With the population expected to increase from 10.5mn to 10.6mn by the end of the forecast period, GDP per capita is predicted to rise 2.6% to US$21,719.
BMI data suggest that over the counter (OTC) pharmaceutical sales will grow by more than 10%, from US$0.82bn in 2011 to US$0.88bn by the end of the forecast period.
Vehicle sales are expected to rise by more than 24%, from 191,796 units in 2011 to 238,342 units in 2015. On the domestic sales front, new car registrations are estimated to have been flat in 2010, but growth is expected to recover well from 2011 as the economy picks up, credit becomes more widely available and the effects of government incentives begin to be felt.
Key Topics Covered:
- Executive Summary
- SWOT Analysis
- Market Overview
- Industry Forecast Scenario
- Macroeconomic Outlook
- Regional Retail Outlook
- Regional Retail Trends
- Industry Forecast Scenario
- Industry Forecast Scenario
- Market Overview
- Industry Forecast Scenario
- BMI Methodology
For more information visit http://www.researchandmarkets.com/research/7btt3j/czech_republic_ret