Gross debt in Czechia
The government gross debt refers to the total of all sums of money that have to be paid to other countries, communities or institutions. On the other hand not included in the gross debt are the demands of a country to foreign ones.The gross debt in Czechia in the period from 1998 to 2021 was between 9.5 billion and 122.1 billion USD. The highest level of the last years at 122 billion US Dollar was reached in 2021. The budget deficit in the same year was 16.6 billion USD.
Based on the number of inhabitants, this is in Czechia a debt of 11,414 USD per person. For comparison: The average debt per person in the same year in the European Union was 33,649 USD.
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Gross debt of the last 23 years in billion USD
Year | Czechia total | Czechia per capita | EU per capita |
---|---|---|---|
1998 | 9.47 bn USD | 920 USD | 14,079 USD |
1999 | 10.05 bn USD | 978 USD | 14,032 USD |
2000 | 10.68 bn USD | 1,042 USD | 11,232 USD |
2001 | 16.41 bn USD | 1,606 USD | 11,255 USD |
2002 | 20.82 bn USD | 2,041 USD | 12,258 USD |
2003 | 27.75 bn USD | 2,722 USD | 15,286 USD |
2004 | 35.67 bn USD | 3,498 USD | 17,595 USD |
2005 | 39.05 bn USD | 3,824 USD | 18,327 USD |
2006 | 44.45 bn USD | 4,342 USD | 18,877 USD |
2007 | 54.28 bn USD | 5,271 USD | 20,898 USD |
2008 | 62.21 bn USD | 5,991 USD | 24,086 USD |
2009 | 69.50 bn USD | 6,654 USD | 25,361 USD |
2010 | 78.30 bn USD | 7,475 USD | 26,496 USD |
2011 | 87.11 bn USD | 8,299 USD | 29,231 USD |
2012 | 92.22 bn USD | 8,774 USD | 28,174 USD |
2013 | 89.11 bn USD | 8,475 USD | 29,981 USD |
2014 | 87.12 bn USD | 8,278 USD | 30,648 USD |
2015 | 75.38 bn USD | 7,148 USD | 25,920 USD |
2016 | 71.88 bn USD | 6,803 USD | 26,262 USD |
2017 | 77.41 bn USD | 7,306 USD | 27,025 USD |
2018 | 79.64 bn USD | 7,492 USD | 28,454 USD |
2019 | 76.68 bn USD | 7,185 USD | 27,178 USD |
2020 | 93.55 bn USD | 8,744 USD | 30,776 USD |
2021 | 122.11 bn USD | 11,414 USD | 33,649 USD |
Comparison of the gross debt per capita with the European Union in Euro
Budget deficit in Czechia
The budget deficit of a country is the result of all its claims and liabilities. This includes incomes and expenses, repayments and building of new debts in other countries, but also domestic positions of the government, such as social insurances, local authorities and communities. It is the financial balance of the economic accounts. In simple terms: If a country at the end of the year has more money, than at at the beginning, it is a surplus - it is less, it is called deficit.The budget balance in Czechia in the period between 1998 and 2021 varied between -16.58 bn Euro and +3.29 bn Euro. In 2021 was reached a balance of -17 bn Euro.
In ratio to population, this equals a new indebtedness of 1,550 Euro per capita in Czechia only in 2021. For comparison, the average debt per capita in the European Union was in the same year at 1,785 Euro.
Budget deficit and surplus in the last 23 years
Year | Czechia total | Czechia per capita | EU per capita |
---|---|---|---|
1998 | -3.09 bn USD | -300 USD | -398 USD |
1999 | -2.23 bn USD | -217 USD | -204 USD |
2000 | -2.13 bn USD | -208 USD | 112 USD |
2001 | -3.60 bn USD | -352 USD | -299 USD |
2002 | -5.15 bn USD | -505 USD | -565 USD |
2003 | -6.41 bn USD | -628 USD | -840 USD |
2004 | -3.23 bn USD | -317 USD | -920 USD |
2005 | -4.23 bn USD | -415 USD | -822 USD |
2006 | -3.38 bn USD | -330 USD | -568 USD |
2007 | -1.24 bn USD | -120 USD | -360 USD |
2008 | -4.68 bn USD | -451 USD | -1,085 USD |
2009 | -11.29 bn USD | -1,081 USD | -2,021 USD |
2010 | -8.69 bn USD | -830 USD | -1,970 USD |
2011 | -6.21 bn USD | -592 USD | -1,462 USD |
2012 | -8.14 bn USD | -775 USD | -1,220 USD |
2013 | -2.72 bn USD | -259 USD | -1,027 USD |
2014 | -4.35 bn USD | -413 USD | -852 USD |
2015 | -1.21 bn USD | -115 USD | -577 USD |
2016 | 1.40 bn USD | 132 USD | -423 USD |
2017 | 3.29 bn USD | 311 USD | -263 USD |
2018 | 2.22 bn USD | 209 USD | -139 USD |
2019 | 0.73 bn USD | 68 USD | -197 USD |
2020 | -14.21 bn USD | -1,329 USD | -2,312 USD |
2021 | -16.58 bn USD | -1,550 USD | -1,785 USD |
(negative numbers = deficit)