Czechs Return To EBRD
The Czech Republic’s decision to rejoin EBRD has an echo of Cyprus belatedly becoming a member country in 2014 in the wake of its financial crisis.
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 142.5 billion (2018)
International Monetary Fund (IMF), data retrieved October 2019
Gross Domestic Product - GDP
USD 242.1 billion (2018, estimate)
GDP (Purchasing Power Parity)
Intl$ 395.9 billion (2018, estimate)
Real GDP growth
| 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 |
| 5.6% | 2.7% | -4.8% | 2.3% | 1.8% | -0.8% | -0.5% |
| 2014 | 2015 | 2016 | 2017* | 2018* | ||
| 2.7% | 5.3% | 2.5% | 4.4% | 2.9% |
*Estimate
GDP per capita - current prices
USD 22,850.3 (2018, estimate)
GDP (PPP) - share of world total
| 1980 | 1990 | 2000 | 2010 | 2019* |
| N/A | N/A | 0.33% | 0.31% | 0.29% |
*Estimate
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GDP - composition by sector
- agriculture: 2%
- industry: 32.7%
- services: 55.3%
(2018 estimate)
Gross domestic expenditure on R&D; (% of GDP)
1.8% (2017)
Inflation
| 2015 | 2016 | 2017 | 2018* | 2019* |
| 0.3% | 0.7% | 2.5% | 2.2% | 2.6% |
*Estimate
Unemployment rate
| 2015 | 2016 | 2017 | 2018* | 2019* |
| 5% | 3.9% | 2.9% | 2.2% | 2.2% |
*Estimate
Public debt (General government gross debt as a % of GDP)
| 2015 | 2016 | 2017 | 2018* | 2019* |
| 40% | 36.8% | 34.7% | 32.6% | 31.6% |
*Estimate
Public deficit (General government net lending/borrowing as a % of GDP)
| 2015 | 2016 | 2017 | 2018* | 2019* |
|
-0.6% |
0.7% | 1.6% | 0.9% | 0.2% |
*Estimate
Government bond ratings
Standard & Poor's: AA-
Moody's: Aa3
Standard & Poor's / Moody's
Source
Market value of publicly traded shares
| 2016 | 2017 | 2018 |
| N/A | N/A | N/A |
Source
Current account balance by percentage of GDP
0.3 % (2018 estimate)
Exports as percent of GDP (Exports of goods and services)
78.4% (2018)
Shares in world total merchandising export
1.04% (2018)
Shares in world total commercial services export
0.52% (2018)
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 29.8%, Poland 9.1%, China 7.4%, Slovakia 5.8%, Netherlands 5.3%, Italy 4% (2017)
FDI inflows
| 2016 | 2017 | 2018 |
| USD 9,815 million | USD 9,522 million | USD 9,479 million |
FDI outflows
| 2016 | 2017 | 2018 |
| USD 2,182 million | USD 7,560 million | USD 5,277 million |
Value of cross-border M&A, by country of purchaser
| 2015 | 2016 | 2017 | 2018 |
| USD -6.9 million | USD 26.1 million | USD 43.8 million | USD 153.8 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:
41 out of 190 countries
Subcategories:
Starting a Business: 134 out of 190 countries
Dealing with Construction Permits: 157 out of 190 countries
Getting Electricity: 11 out of 190 countries
Registering Property: 32 out of 190 countries
Getting Credit: 48 out of 190 countries
Protecting Minority Investors: 61 out of 190 countries
Paying Taxes: 53 out of 190 countries
Trading across Borders: 1 out of 190 countries
Enforcing Contracts: 103 out of 190 countries
Resolving Insolvency: 16 out of 190 countries
Source
Global competitiveness ranking
32 out of 141 countries
(2019)
Index of Economic Freedom
Ranking: 23 / Score: 73.7 (Mostly free)
(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 | 2015 | 2020* |
| N/A | 10.28 million | 10.46 million | 10.54 million | 10.65 million |
*Estimate
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Urban population as % of total population
| 1960 | 1980 | 2000 | 2018 |
| 59.5% | 75.2% | 74% | 73.8% |
Literacy
Total population: 99%
Male: 99%
Female: 99%
Definition: na (2011 est.)
% of population living on less than $3.10 a day
0% (last available estimate, 2015)
Inequality of wealth distribution (Gini index)
25.9 (last available estimate, 2015)
(0=perfect equality, 100=absolute inequality)
Source
Freedom House rating
Free
Political Rights: 1
Civil Liberties: 1 (2019)
(1 represents the most free, 7 the least free rating)
Source
Total telephone subscribers as % of population
Fixed: 14%
Mobile: 119.2%
(2018)
(fixed-telephone subscribers and mobile-cellular subscribers)