Czech Republic: Economy

Economic Trivia

The auto industry remains the largest single industry, and, together with its upstream suppliers, accounts for nearly 24% of Czech manufacturing.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners (2015): Germany, Slovakia, and China
Top 3 Exported Goods (2015): Motor Vehicles & Parts, Industrial Machinery, and Electrical Machinery

Top Industries Source: CIA World Factbook

Motor Vehicles; Metallurgy; Machinery and Equipment; Glass

Gross Domestic Product (GDP) Source: The World Bank

GDP, PPP (current international) $339,401,671,827 (2015)
GDP Growth Rate (annual %) 4.198% (2015)
GDP Per Capita, PPP (current international) $32,167 (2015)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 47/193 (2015)

Economic Indicators Source: The World Bank

Inflation, consumer prices (annual %) 0.345% (2015)
External debt stocks, total (DOD, current US$) Data unavailable
Total tax rate (% of commercial profits) 50.4% (2015)
Real Interest Rate (5 year average %) 3.523% (2015)
Manufacturing, value added (% of GDP) 27.065% (2015)
Current Account Balance (BoP, current US$) $1,683,531,292 (2015)
Click on a row to display its 5-year graph on the right.

Labor and Employment Source: The World Bank

Labor Force, Total 5,341,662 (2014)
Employment in Agriculture (% of total employment) 2.7% (2014)
Employment in Industry (% of total employment) 38.3% (2014)
Employment in Services (% of total employment) 58.9% (2014)
Unemployment Rate 6.2% (2014)
Click on a row to display its 5-year graph on the right.
Imports of goods and services (current US$) $141,914,040,348 (2015)
Exports of goods and services (current US$) $153,604,471,772 (2015)
Total Merchandise Trade (% of GDP) 158.979% (2014)
FDI, net inflows (BoP, current US$) $2,478,529,275 (2015)
Commercial Service Exports (current US$) $25,101,997,425 (2014)
Click on a row to display its 5-year graph on the right.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Czech Republic’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Glossary