Contrary to a slight improvement in 2011, the gross domestic product experienced a year-on-year decline in 2012, namely by 1.2% at constant prices. The situation even worsened in the course of the year and the drop in GDP in the Czech Republic was more profound than both in the EU 27 as a whole and the euro area. Calculated form the Eurostat preliminary data, the Czech Republic reached, in 2012, 80% of average GDP volume index per capita in the purchasing power parity for the EU 27. Converted at the current exchange rate, this represents a ratio of 57%. In 2012, supplies contributed to the overall economic growth at constant prices adjusted for season variations mainly through household expenditure, which was 3.5% lower than in the preceding year. Formation of the gross fixed capital noted a year-on-year decline by 1.6%, while foreign trade had a positive effect on GDP with export of goods and services growing by 4.1% and imports by 2.1%.