hjhkhjhdfshddddddddddddddddddddddddddddddddddddddddGlobal Insight East European Automotive Industry Forecast Report, September 2005 61CZECH REPUBLICCzech Republic - Economy62 Global Insight East European Automotive Industry Forecast Report, September 2005Units 2002 2003 2004 2005 2006 2007 2008 2009 2010 2015Gross Domestic Product (GDP)Real GDP Growth % change over year ago 1.5 3.2 4.4 4.0 4.3 4.4 4.4 4.0 3.7 3.5Nominal GDP Billion US dollars 74 91 107 122 139 165 175 178 186 255Nominal Per-Capita GDP US dollars 7,229 8,867 10,470 11,951 13,623 16,157 17,181 17,536 18,308 25,331Population Millions 10.2 10.2 10.2 10.2 10.2 10.2 10.2 10.2 10.2 10.1Population Growth % change over year ago 0.0 0.1 0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.1 -0.2InflationConsumer Price Index % change over year ago 1.8 0.1 2.8 1.8 2.7 2.9 2.5 2.5 2.4 1.7Wholesale Price Index % change over year ago -0.5 -0.3 5.7 3.3 1.8 2.1 2.1 1.7 1.8 1.6Exchange Rate (against US dollar)Year-end value LCU/US$ 30.14 25.65 22.37 23.74 21.18 19.58 21.17 21.40 21.57 20.23Change over a year ago % -16.9 -14.9 -12.8 6.1 -10.8 -7.5 8.1 1.1 0.8 -1.4Year average value LCU/US$ 32.7 28.2 25.7 23.9 22.4 20.2 20.3 21.2 21.6 20.4Change over a year ago % -13.9 -13.8 -8.9 -6.9 -6.4 -9.6 0.5 4.4 1.7 -1.4Interest RatesShort-term % per annum 3.5 2.3 2.4 2.0 2.0 2.2 2.5 2.9 3.0 3.1Long-term % per annum 4.9 4.1 4.8 3.5 3.5 3.3 3.7 4.0 4.4 4.5Policy rate % per annum 2.8 2.0 2.5 1.8 2.0 2.5 2.8 2.8 3.0 3.0Money Supply (end of period)Narrow Money Supply Bil. LCU 788 903 962 1,024 1,089 1,160 1,235 1,310 1,383 1,807Change over a year ago % 35.0 14.6 6.6 6.4 6.4 6.5 6.5 6.1 5.6 5.3Broad Money Supply Bil. LCU 1,652 1,766 1,844 1,947 2,060 2,183 2,313 2,442 2,572 3,283Change over a year ago % 3.5 6.9 4.4 5.6 5.8 6.0 5.9 5.6 5.3 5.0Industrial ProductionChange over a year ago % 4.8 5.8 9.9 6.1 6.2 5.9 5.6 5.7 5.8 5.4Retail SalesChange over a year ago % 2.1 5.7 3.4 3.8 5.1 5.8 5.9 5.1