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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 2019 was at about 11.429 US Dollar per capita. In contrast, the GDP in Czechia reached 23.495 US dollars per inhabitant, or 250.68 bn US Dollar 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 31.

Inflation in Czechia was in 2019 at around 2.85%. For the the EU, the average of the same was year at 1.63%.

Compared to Germany, the prices for convenience goods are approximately 30.06% lower.
The Corruption Perceptions Index for the public sector counts 54 and is compared to other countries moderate.


Back to overview: Czechia

Unemployment rates in percent 1991 - 2020

Economic performance 2019

 Czechia
Total
Czechia
per capita
EU
Total
EU
per capita
GDP250.68 bn USD23,494.60 USD15,626.45 tn USD30,381.17 USD
Gross national product234.06 bn USD21,936.93 USD16,026.52 tn USD31,158.99 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 - 2019


Household debt and deficits 2019


 Czechia
Total
Czechia
per capita
EU
Total
EU
per capita
Gross debt76.60 bn USD7,179.00 USD14,618.72 tn USD28,421.93 USD
Budget deficit-665.77 m USD-62.40 USD148.52 bn USD288.76 USD

Please note: A negative budget deficit equivalents to a surplus


Im- and Exports 2019

 Czechia
Total
Czechia
per capita
EU
Total
EU
per capita
Imports171.40 bn USD16,063.92 USD8,073.39 bn USD15,696.41 USD
Exports186.28 bn USD17,459.08 USD8,622.21 bn USD16,763.44 USD


Development of imports and exports in billion US dollars 1993 - 2019

Exports
Imports



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