The Czech Republic


The Czech Republic Country Report: GDP data and GDP forecasts; economic, financial and trade information; the best banks in The Czech Republic; country and population overview

DATA ON GDP AND ECONOMIC INFORMATION
Central bank Czech National Bank
International Reserves US$ 40.283 billion (Source: IMF; Data updated: 2012)
Gross Domestic Product - GDP US$ 205.95 billion (2011 estimate)
GDP (Purchasing Power Parity) 288.953 billion of International dollars (2011 estimate)
Real GDP growth
2001 2002 2003 2004 2005 2006 2007 2008
2.5% 1.9% 3.6% 4.5% 6.3% 6.8% 6.1% 3.1%
2009 2010 2011 2012*
-4.7% 2.7% 1.7% 0.1%

*Estimate

GDP per capita - current prices US$ 19,515 (2010 estimate)
GDP per capita - PPP $27,381 International Dollars (2010 estimate)
GDP (PPP) - share of world total
1980 1990 2000 2010 2015**
N/A N/A 0.37% 0.37% 0.34%

**Forecast

GDP - composition by sector
  • agriculture: 2.2% 
  • industry: 38.7% 
  • services: 59% (2011 estimate)
  • (Data released on February 2012)

Gross domestic expenditure on R&D (% of GDP) 1.56% (2010)

(Data released on March 2012)

Inflation
2009 2010 2011 2012*
1%(2008) 1.5% 1.9% 3.5%

*Estimate

Unemployment rate
2009 2010 2011 2012*
6.7% 7.3% 6.7%(2009) 7%

*Estimate

Household saving rates 5.9% (Net saving; 2012 forecast)

(Data released on December 2011)

Public debt (General government gross debt as a % of GDP)
2008 2009 2010 2011 2012*
28.7% 34.3% 37.6% 41.5% 43.9%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2008 2009 2010 2011* 2012**
-2.2% -5.8% -4.8% -3.8% -3.5%

*Estimate    **Forecast

Government bond ratings

Standard & Poor's: AA-

Moody's rating: A1

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Dec 2011 and Nov 2012)

Market value of publicly traded shares
2009 2010 2011
US$70.26 billion US$73.1 billion US$53.2 billion
Largest companies in The Czech Republic CEZ Group (Electric Utilities) (2012)
DATA ON TRADE AND COMPETITIVENESS
Current account balance US$ -4.4 billion (2011 estimate)(After 2008)
Current account balance by percentage of GDP -2.1% of GDP (2011 estimate)(2009)
Exports as percent of GDP

(Exports of goods and services)

79.3% (2010)

(Data released on April 2012)

Shares in world total merchandising export 0.89%(2007)

(Data were released in 2012 and refer to 2011)

Shares in world total commercial services export 0.55% (2011)(2007)

(Data were released in 2012)

Total exports US$134.1 billion (2012 estimate) 
Export commodities machinery and transport equipment, raw materials and fuel, chemicals
Total imports US$129 billion (2012 estimate) 
Import commodities machinery and transport equipment, raw materials and fuels, chemicals
Exports - major partners Germany 32.4%, Slovakia 9%, Poland 6.3%, France 5.5%, Austria 4.6%, UK 4.6%, Italy 4.2% (2010 estimate)
Imports - major partners Germany 29.7%, China 7.6%, Poland 7.1%, Slovakia 7%, Netherlands 5.7%, Russia 4.8%, Austria 4.4% (2010 estimate)
FDI inflows
2009 2010 2011
US$2,927 million US$6,141 million(2009) US$5,405 million(2009)
FDI outflows
2009 2010 2011
US$949 million US$1,167 million US$1,152 million
Value of cross-border M&A, by country of purchaser
2008 2009 2010 2011
US$34 million US$1,608 million(2009) US$14 million(2009) US$26 million
Cross-border M&A deals worth over $3 billion completed in 2010

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A click here )

Cross-border M&A deals worth over $3 billion completed in 2011

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A(2008 estimate)

(for a monthly update on M&A click here )

Best countries for doing business

World Bank/IFC Doing Business Project

(Economies are ranked on their ease of doing business, from 1 - 185. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 65 out of 185 countries(2009) (2013)

Subcategories:

Starting a business: 140 out of 185 countries(2009)

Enforcing Contracts: 79 out of 185 countries

Registering Property: 27 out of 185 countries

Getting credit: 53 out of 185 countries

Protecting investors: 100 out of 185 countries

Trading across border: 68 out of 185 countries

Paying Taxes: 120 out of 185 countries

Dealing with Construction Permits: 74 out of 185 countries

Getting Electricity: 143 out of 185 countries

Resolving Insolvency: 34 out of 185 countries

(2013)

Global competitiveness ranking
(ranking by country on a basis of 144, the first is the best)
39

(2012)

Index of Economic Freedom

WSJ and Heritage Foundation

Ranking: 30 Score: 69.9 (Moderately Free) (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW
Time zone UTC+1
Total area 78,867 km2 (2006)
Capital Prague (2009)
Currency koruny (CZK) (2009)
Government type parliamentary democracy (2009)
Languages Czech 94.9%, Slovak 2%, other 2.3%, unidentified 0.8% (2001 census)
Religions Roman Catholic 26.8%, Protestant 2.1%, other 3.3%, unspecified 8.8%, unaffiliated 59% (2001 census)
Total population
1980 1990 2000 2012* 2017**
N/A N/A 10.22 million 10.55 million 10.64 million

*Estimate    **Forecast

Urban population as % of total population
1960 1980 2000 2011
59.5% 75.2% 74% 73.4%
Population median age 39 years (2010)
Population growth rate 0.2% (2011)
Life expectancy 78 years (2010)
Adult literacy N/A
% of population living on less than $2 a day <2% (2011)
Inequality of wealth distribution (Gini index)

25.82 (1996)

(Data were released in 2011, 0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:1
Civil Liberties:1 (2011)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

142.5% (2011)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population 72.97% (Data were released in 2012 and refer to 2011)
Cost of living - Mercer index

(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Prague: 47th (2011)

CO2 emissions
(Metric tons of CO2 per capita)

10.3567 (Data were released in 2012 and refer to 2009)

GLOBAL FINANCE RANKINGS AND AWARDS

WORLD'S SAFEST EMERGING MARKETS BANKS

2012:
  • OVERALL SAFEST ?eská spo?itelna (National, 2012)
  • OVERALL SAFEST Komer?ní banka (National, 2012)
  • REGIONAL WINNERS ?eská spo?itelna (Nordic Region, 2012)
  • REGIONAL WINNERS Komer?ní banka (National, 2012)

WORLD'S BEST TRADE FINANCE BANKS & PROVIDERS

2013:
  • COUNTRY WINNERS UniCredit Bank (National, 2013)
2012:
  • COUNTRY WINNERS CSOB (National, 2012)
2011:
  • COUNTRY WINNERS CSOB (Global, 2011)
2010:
  • COUNTRY WINNERS CSOB (National, 2010)
2009:
  • COUNTRY WINNERS CSOB (National, 2009)

WORLD'S BEST INTERNET BANKS

2012:
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (Global, 2012)
  • COUNTRY WINNERS / Best Consumer Internet Banks mBank (National, 2012)
2011:
  • COUNTRY WINNERS / Best Consumer Internet Banks mBank (Miroslav Singer, 2011)
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (Global, 2011)
2010:
  • COUNTRY WINNERS / Best Consumer Internet Banks mBank (National, 2010)
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (National, 2010)
2009:
  • COUNTRY WINNERS / Best Consumer Internet Banks HSBC (Central and Eastern Europe, 2009)
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (Central and Eastern Europe, 2009)

WORLD'S SAFEST BANKS

2013:
  • REGIONAL WINNERS ?eská spo?itelna (Central & Eastern Europe, 2013)
  • REGIONAL WINNERS Komer?ní banka (Central & Eastern Europe, 2013)
2012:
  • REGIONAL WINNERS ?eská spo?itelna (Miroslav Singer, 2012)
  • REGIONAL WINNERS Komer?ní banka (National, 2012)
2011:
  • REGIONAL WINNERS Ceska Sporitelna (Central & Eastern Europe, 2011)
  • REGIONAL WINNERS Komercní Banka (National, 2011)
  • OVERALL SAFEST Komercní Banka (National, 2011)
  • OVERALL SAFEST Ceska sporitelna (National, 2011)
2010:
  • REGIONAL WINNERS Ceska Sporitelna (National, 2010)
  • REGIONAL WINNERS Komercní Banka (National, 2010)

WORLD'S BEST EMERGING MARKET BANKS

2012:
  • COUNTRY WINNERS CSOB (Nordic Region, 2012)
2011:
  • COUNTRY WINNERS CSOB (National, 2011)
2010:
  • COUNTRY WINNERS CSOB (National, 2010)
2009:
  • COUNTRY WINNERS Raiffeisenbank (Global, 2009)

WORLD'S BEST SUB CUSTODIANS

2012:
  • COUNTRY WINNERS UniCredit Bank Czech Republic (2012)
2011:
  • COUNTRY WINNERS CSOB (Central & Eastern Europe, 2011)
2010:
  • COUNTRY WINNERS CSOB (National, 2010)
2009:
  • COUNTRY WINNERS CSOB (National, 2009)

CENTRAL BANKER REPORT CARD

2012:
2011:
2010:
2009:

TOP 200 EMERGING MARKETS BANKS

2010:
  • OVERALL BIGGEST Ceskoslovenska obchodni banka (Global, 2010)
  • OVERALL BIGGEST Ceska Sporitelna (National, 2010)
  • OVERALL BIGGEST Komercní Banka (Central and Eastern Europe, 2010)

WORLD'S BEST FOREIGN EXCHANGE PROVIDERS

2013:
  • COUNTRY WINNERS CSOB (National, 2013)
2012:
  • COUNTRY WINNERS CSOB (Europe, 2012)
2011:
  • COUNTRY WINNERS CSOB (National, 2011)
2010:
  • COUNTRY WINNERS CSOB (National, 2010)
2009:
  • COUNTRY WINNERS CSOB (National, 2009)
ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE