Former Microsoft Executive Becomes Czech Finance Minister
Ivan Pilný’s economic leadership could be critical in the coming months, given the Czech Republic's overdependence on challenged European countries.
The Czech Republic GDP and Economic Data
Country Report 2017 - Includes The Czech Republic real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector.
Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about The Czech Republic economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of The Czech Republic best banks and safest banks are also available.
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International Reserves
USD 85 billion (2016)
International Monetary Fund (IMF), data retrieved January 2017
Gross Domestic Product - GDP
USD 201.1 billion (2017, estimate)
GDP (Purchasing Power Parity)
Intl$ 368.0 billion (2017, estimate)
Real GDP growth
| 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 |
| 6.9% | 5.5% | 2.7% | -4.8% | 2.3% | 2% | -0.8% |
| 2013 | 2014 | 2015 | 2016* | 2017* | ||
| -0.5% | 2.7% | 4.5% | 2.5% | 2.7% |
*Estimate
GDP per capita - current prices
USD 19,002.0 (2017, estimate)
GDP (PPP) - share of world total
| 1980 | 1990 | 2000 | 2010 | 2017* |
| N/A | N/A | 0.33% | 0.31% | 0.3% |
*Estimate
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GDP - composition by sector
- agriculture: 2.5%
- industry: 37.5%
- services: 60%
(2016 estimate)
Gross domestic expenditure on R&D; (% of GDP)
2% (2014)
Inflation
| 2013 | 2014 | 2015 | 2016* | 2017* |
| 1.4% | 0.4% | 0.3% | 0.6% | 1.9% |
*Estimate
Unemployment rate
| 2013 | 2014 | 2015 | 2016* | 2017* |
| 7.0% | 6.1% | 5.0% | 4.1% | 4.1% |
*Estimate
Public debt (General government gross debt as a % of GDP)
| 2013 | 2014 | 2015 | 2016* | 2017* |
| 44.9% | 42.2% | 40.3% | 39.8% | 38.8% |
*Estimate
Public deficit (General government net lending/borrowing as a % of GDP)
| 2013 | 2014 | 2015 | 2016* | 2017* |
| -1.2% | -1.9% | -0.4% | -0.6% | -0.6% |
*Estimate
Government bond ratings
Standard & Poor's: AA-
Moody's: A1
Standard & Poor's / Moody's (Updated January 2017)
Source
Market value of publicly traded shares
| 2013 | 2014 | 2015 |
| N/A | N/A | N/A |
Source
Current account balance by percentage of GDP
1.1% (2017 estimate)
Exports as percent of GDP (Exports of goods and services)
83.0% (2015)
Shares in world total merchandising export
1.0% (2015)
Shares in world total commercial services export
0.5% (2015)
Export commodities
Machinery and transport equipment, raw materials, fuel, chemicals
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Import commodities
Machinery and transport equipment, raw materials and fuels, chemicals
Exports - major partners
Germany 32.4%, Slovakia 9%, Poland 5.8%, UK 5.3%, France 5.1%, Austria 4.1% (2015)
Imports - major partners
Germany 30%, Poland 9%, China 8.3%, Slovakia 6.6%, Netherlands 5%, Austria 4.1% (2015)
FDI inflows
| 2013 | 2014 | 2015 |
| USD 3,639 million | USD 5,492 million | USD 1,223 million |
FDI outflows
| 2013 | 2014 | 2015 |
| USD 4,019 million | USD 1,620 million | USD 2,305 million |
Value of cross-border M&A, by country of purchaser
| 2012 | 2013 | 2014 | 2015 |
| USD 474.2 million | USD 3998.3 million | USD 1.3 million | USD -6.9 million |
Cross-border M&A deals worth over $3 billion completed in 2014
N/A
Cross-border M&A deals worth over $3 billion completed in 2015
N/A
Best countries for doing business
Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.
Overall ranking: 27 out of 190 countries (2016)
Subcategories:
Starting a business: 81 out of 190 countries
Enforcing Contracts: 68 out of 190 countries
Registering Property: 31 out of 190 countries
Getting credit: 32 out of 190 countries
Protecting investors: 53 out of 190 countries
Trading across border: 1 out of 190 countries
Paying Taxes: 53 out of 190 countries
Dealing with Construction Permits: 130 out of 190 countries
Getting Electricity: 13 out of 190 countries
Resolving Insolvency: 26 out of 190 countries
Source
Global competitiveness ranking
31 out of 138 countries
(2016-2017)
Index of Economic Freedom
Ranking: 21 / Score: 73.22 (Mostly free) (2017)
(100=totally free 0=totally repressed)
Source
Source
Languages
Czech (official) 95.4%, Slovak 1.6%, other 3% (2011 census)
Religions
Roman Catholic 10.4%, Protestant (includes Czech Brethren and Hussite) 1.1%, other and unspecified 54%, none 34.5% (2011 est.)
Total population
| 1990 | 2000 | 2010 | 2016* | 2021* |
| N/A | 10.278 million | 10.462 million | 10.561 million | 10.666 million |
*Estimate
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Urban population as % of total population
| 1960 | 1980 | 2000 | 2015 |
| 60% | 75% | 74% | 73% |
Literacy
Total population: 99%
Male: 99%
Female: 99% (2011 est.)
% of population living on less than $3.10 a day
0.1% (2012)
Inequality of wealth distribution (Gini index)
26.1 (2012)
(0=perfect equality, 100=absolute inequality)
Source
Freedom House rating
Political Rights: 1
Civil Liberties: 1 (2017)
(1 represents the most free, 7 the least free rating)
Source
Total telephone subscribers as % of population
Fixed 17.56% Mobile 123.16% (2015)
(fixed-telephone subscribers and mobile-cellular subscribers)