Source
Central bank

Czech National Bank

International Reserves

USD 166.12 billion (2020)
World Bank, last updated 12/16/2021

Gross Domestic Product - GDP

USD 276.91 billion (2021 estimate)
IMF - World Economic Outlook, October 2021

GDP (Purchasing Power Parity)

USD 469.07 billion (2021 estimate)
IMF - World Economic Outlook, October 2021

Real GDP growth
2017 2018 2019 2020* 2021*
5.2% 3.2% 3% –5.8% 3.8%

*Estimate

GDP per capita - current prices

USD 25,806.38 (2021 estimate)
IMF - World Economic Outlook, October 2021

GDP per capita - PPP

USD 43,713.66 (2021 estimate)
IMF - World Economic Outlook, October 2021

GDP (PPP) - share of world total
0.32% (2021 estimate)
 
 
Source
GDP - composition by sector
  • agriculture: 1.9% 
  • industry: 30.8% 
  • services: 58.3%

(2018 estimate)

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

1.9% (2019)

Inflation
2017 2018 2019 2020* 2021*
2.5% 2.1% 2.8% 3.2% 2.7%

*Estimate

Unemployment rate
2017 2018 2019 2020* 2021*
2.9% 2.2% 2% 2.5% 3.4%

*Estimate

Household saving rates

16.9% (2020)

Public debt (General government gross debt as a % of GDP)
2017 2018 2019 2020* 2021*
34.2% 32.1% 30% 37.8% 45%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2017 2018 2019 2020* 2021*
2.1% 1.5% 0.8% –5.5% –7.3%

*Estimate

Government bond ratings

Standard & Poor's: AA–

Moody's: Aa3

Standard & Poor's / Moody's (January 2022)

Market value of publicly traded shares
USD 26.6 billion (2020)
Largest companies

CEZ Group 

 
 
Source
Current account balance

USD 4.3 billion (2021 estimate)
IMF - World Economic Outlook, October 2021

Current account balance by percentage of GDP

1.6% (2021 estimate)
IMF - World Economic Outlook, October 2021

Exports as percent of GDP (Exports of goods and services)

71% (2020)
World Bank - World Development Indicators (updated Feb 2022)

Shares in world total merchandising export

1.1% (2020)

Shares in world total commercial services export

0.5% (2020)

Total exports

USD 174.6 billion (2020 estimate)

Export commodities

Cars and vehicle parts, computers, broadcasting equipment, office machinery/parts, seating (2019)

Total imports

USD 157.7 billion (2020 estimate)

 
 
Source
Import commodities

Broadcasting equipment, cars and vehicle parts, office machinery/parts, computers, packaged medicines (2019)

Exports - major partners

Germany 31%, Slovakia 7%, Poland 6%, France 5% (2019)

Imports - major partners

Germany 27%, China 12%, Poland 9%, Slovakia 5% (2019)

FDI inflows
2018 2019 2020
USD 11 billion USD 10.1 billion USD 6.3 billion
FDI outflows
2018 2019 2020
USD 8.6 billion USD 4.1 billion USD 3.1 billion
Value of cross-border M&A, by country of purchaser
2017 2018 2019 2020
USD 44 million USD 154 million USD 246 million USD 302 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:

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
World Bank - Doing Business 2020

Global competitiveness ranking

10 out of 141 countries

(2019)

Index of Economic Freedom

Ranking: 21 / Score: 74.4 (Mostly Free)
The Heritage Foundation - 2022 Index of Economic Freedom

 
 
Source
Time zone

UTC+1

Total area

78,867 sq km

Capital

Prague

Currency

Koruny (CZK)

Government type

Parliamentary republic

Languages

Czech (official) 95.4%, Slovak 1.6%, other 3% (2011 est.)

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
10.3 milion 10.3 million 10.5 million 10.5 million 10.7 million
 
 
Source
Urban population as % of total population
1960 1980 2000 2020
59.5% 75.2% 74% 74.1%
Population median age

43.3 years 

Population growth rate

0.02% (2022 est.)

Life expectancy

79.7 years (2022 est.)

Literacy

Total population: 99%

Male: 99%

Female: 99% (2011)

Definition: NA 

% of population living on less than $3.10 a day

0% (last available estimate, 2019)

Inequality of wealth distribution (Gini index)

25.3 (last available estimate, 2019)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Total score: 91/100

Status: Free

Political Rights: 36/40

Civil Liberties: 55/60 (2022)

Source
Total telephone subscribers as % of population

Fixed: 12.5%

Mobile: 121.4% (2020) (fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

81.3% (2020)

Mercer Cost of living index

N/A

CO2 emissions

9.6 metric tons per capita (2018)

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