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
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 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
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GDP (Purchasing Power Parity)
USD 469.07 billion (2021 estimate)
IMF - World Economic Outlook, October 2021
Source
Real GDP growth
| 2017 | 2018 | 2019 | 2020* | 2021* |
| 5.2% | 3.2% | 3% | –5.8% | 3.8% |
*Estimate
Source
GDP per capita - current prices
USD 25,806.38 (2021 estimate)
IMF - World Economic Outlook, October 2021
Source
GDP per capita - PPP
USD 43,713.66 (2021 estimate)
IMF - World Economic Outlook, October 2021
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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
Source
Unemployment rate
| 2017 | 2018 | 2019 | 2020* | 2021* |
| 2.9% | 2.2% | 2% | 2.5% | 3.4% |
*Estimate
Source
Public debt (General government gross debt as a % of GDP)
| 2017 | 2018 | 2019 | 2020* | 2021* |
| 34.2% | 32.1% | 30% | 37.8% | 45% |
*Estimate
Source
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
Source
Government bond ratings
Standard & Poor's: AA–
Moody's: Aa3
Standard & Poor's / Moody's (January 2022)
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Market value of publicly traded shares
USD 26.6 billion (2020)
Source
Current account balance
USD 4.3 billion (2021 estimate)
IMF - World Economic Outlook, October 2021
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Current account balance by percentage of GDP
1.6% (2021 estimate)
IMF - World Economic Outlook, October 2021
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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)
Export commodities
Cars and vehicle parts, computers, broadcasting equipment, office machinery/parts, seating (2019)
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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
Source
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
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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
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Urban population as % of total population
| 1960 | 1980 | 2000 | 2020 |
| 59.5% | 75.2% | 74% | 74.1% |
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)
Source
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)