DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/05fe85/czech_republic_ret) has announced the addition of the "Czech Republic Retail Report Q3 2011" report to their offering.
The Q311 BMI Czech Republic Retail report forecasts that the country's retail sales will grow by 19% between 2011 and 2015, from a predicted CZK929.11bn (US$89.13bn) in 2011 to CZK1,101.57bn (US$105.67bn) 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$219.5bn, up by 2.4% year-on-year (y-oy). 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 by 30.3% to US$27,107.
BMI data suggest that over the counter (OTC) pharmaceutical sales will grow by nearly 28%, from US$0.81bn in 2011 to US$1.04bn by the end of the forecast period.
Read more inside Czech Republic Retail Report Q3 2011
Key Topics Covered:
- Executive Summary
- SWOT Analysis
- Czech Republic's Retail Rating
- Market Overview
- Industry Forecast Scenario
- Macroeconomic Outlook
- Regional Retail Outlook
- Mass Grocery Retail
- Industry Forecast Scenario
- Consumer Electronics
- Automotives
- Country Snapshot: Czech Republic Demographic Data
- Methodology
For more information visit http://www.researchandmarkets.com/research/05fe85/czech_republic_ret