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Indicators of economy in Czechia

The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12.259 USD per capita. GDP in Czechia, on the other hand, reached USD 26.378 per capita, or 282.34 billion USD in the whole country. Czechia is therefore currently ranked 46 of the major economies. If this is calculated per inhabitant taking into account the purchasing power parity, then Czechia is in the list of the world's richest countries in place 30.
Inflation in Czechia was in 2021 at around 3.84%. Within the EU, the average in the same year was 2.55%. In the United States, it was most recently 4.70%.
Compared with the USA, prices for daily consumer goods are around 31.9% lower.
The Corruption Perceptions Index for the public sector counts 67 and is compared to other countries moderate.
Back to overview: Czechia

Impact of the Covid-19 pandemic

Overall, the gross domestic product in Czechia in 2020 decreased moderatly from 252.50 billion US Dollar to 245.34 billion US Dollar. Certainly, there have been shifts in some sectors of the economy, but a minus of 2.8% is still comparatively good this year. Numerous countries suffered more substantial losses. The tourism sector alone slumped by around 51 percent. The unemployment rate rose from 2.0 to 2.5 percent. The country's gross debt increased by 22.0%. The consumer inflation rate has risen from 2.8% previously to 3.2% now.

Unemployment rates in percent 1991 - 2021

Economic performance 2021

 Czechia
Total
Czechia
per capita
EU
Total
EU
per capita
GDP282.34 bn USD26,378.50 USD17.09 tn USD33,228.68 USD
Gross national product257.63 bn USD24,069.63 USD16.78 tn USD32,621.03 USD

Czechia ranked 26th in the Bloomberg Innovation Index in 2021. The index is calculated annually and most recently included 60 countries. The front-runner was South Korea.

Development of the Gross domestic product in billion US Dollar 1990 - 2021


Household debt and deficits 2021


 Czechia
Total
Czechia
per capita
EU
Total
EU
per capita
Gross debt122.11 bn USD11,408.82 USD15.07 tn USD29,300.11 USD
Budget deficit16.58 bn USD1,548.85 USD799.24 bn USD1,554.11 USD


Im- and Exports 2021

 Czechia
Total
Czechia
per capita
EU
Total
EU
per capita
Imports196.24 bn USD18,334.55 USD8,916.24 bn USD17,337.55 USD
Exports204.78 bn USD19,132.59 USD9,554.34 bn USD18,578.33 USD

Development of imports and exports in billions of USD 1993 - 2021
Exports
Imports

Czechia: AirportsLargest airports and airlines in CzechiaThe 5 biggest airports and 4 airlines in Czechia with further information and data
Czechia: Public HolidaysPublic holidays in Czechia 2022-2026Statutory and inofficial holidays in Czechia for 2022 to 2026
Pariah StatesList of the 11 current Pariah States11 countries, that suffer from the sanctions of the international community because of their mostly autocratic government.