household debts in Czechia

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. 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 a debt of 11,623 USD per person. For comparison, the average debt per person in the same year in the European Union was 33,695 USD.

Back to overview: Czechia

Gross debt of the last 23 years in billion USD

YearCzechia totalCzechia per capitaEU per capita
19989.47 bn USD920 USD14,079 USD
199910.05 bn USD978 USD14,032 USD
200010.68 bn USD1,042 USD11,232 USD
200116.41 bn USD1,606 USD11,255 USD
200220.82 bn USD2,041 USD12,258 USD
200327.75 bn USD2,722 USD15,286 USD
200435.67 bn USD3,498 USD17,595 USD
200539.05 bn USD3,824 USD18,327 USD
200644.45 bn USD4,342 USD18,877 USD
200754.28 bn USD5,271 USD20,898 USD
200862.21 bn USD5,991 USD24,086 USD
200969.50 bn USD6,654 USD25,361 USD
201078.30 bn USD7,475 USD26,496 USD
201187.11 bn USD8,299 USD29,231 USD
201292.22 bn USD8,774 USD28,174 USD
201389.11 bn USD8,475 USD29,981 USD
201487.12 bn USD8,278 USD30,648 USD
201575.38 bn USD7,148 USD25,918 USD
201671.88 bn USD6,803 USD26,261 USD
201777.41 bn USD7,306 USD27,024 USD
201879.64 bn USD7,492 USD28,448 USD
201976.68 bn USD7,185 USD27,168 USD
202093.55 bn USD8,745 USD30,783 USD
2021122.11 bn USD11,623 USD33,695 USD

Comparison of gross debt per capita with the European Union in U.S. dollars

      Czechia       European Union

Budget deficit in Czechia

household debts in CzechiaThe 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 insurance, 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. If it is less, it is called a deficit.

The budget balance in Czechia in the period between 1998 and 2021 varied between -16.58 billion euros and +3.29 billion euros. In 2021, Czechia reached a balance of -17 billion euros.

In ratio to population, this equals a new indebtedness of 1,578 euros per capita in Czechia in 2021. For comparison, the average debt per capita in the European Union in the same year was 1,787 euros.

Budget deficit and surplus in the last 23 years

YearCzechia totalCzechia per capitaEU 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 USD112 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
20161.40 bn USD132 USD-423 USD
20173.29 bn USD311 USD-263 USD
20182.22 bn USD209 USD-139 USD
20190.73 bn USD68 USD-197 USD
2020-14.21 bn USD-1,329 USD-2,312 USD
2021-16.58 bn USD-1,578 USD-1,787 USD

(negative numbers = deficit)
Comparison: average incomeAverage income around the worldA comparison of the average income per capita over 67 countries worldwide
The richest countries in the worldThe richest countries in the worldThese are the 50 wealthiest countries in a global comparison: tax havens, gambling, and oil ensure prosperity.
Greece: TourismDevelopment and importance of tourism for GreeceInternational travelers and tourism sector revenues from 1995-2020 in Greece, including comparison with other countries in Southern Europe