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 (2017): Germany, Poland, and China
Top 3 Exported Goods (2017): 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) [1]

GDP, PPP (current international) $384,753,663,283 (2017)
GDP Growth Rate (annual %) 4.289% (2017)
GDP Per Capita, PPP (current international) $36,327 (2017)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 47/195 (2017)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) 2.451% (2017)
External debt stocks, total (DOD, current US$) Data unavailable
Total tax rate (% of commercial profits) 50% (2017)
Real Interest Rate (5 year average %) 2.256% (2017)
Manufacturing, value added (% of GDP) 24.282% (2017)
Current Account Balance (BoP, current US$) $1,918,121,659 (2017)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 5,371,439 (2017)
Employment in Agriculture (% of total employment) 2.865% (2017)
Employment in Industry (% of total employment) 37.869% (2017)
Employment in Services (% of total employment) 59.266% (2017)
Unemployment Rate 2.89% (2017)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $155,843,816,396 (2017)
Exports of goods and services (current US$) $171,403,399,450 (2017)
Total Merchandise Trade (% of GDP) 158.576% (2017)
FDI, net inflows (BoP, current US$) $9,210,079,462 (2017)
Commercial Service Exports (current US$) $27,030,176,488 (2017)
Click on a row to display its 5-year graph on the right.

Economic Snapshot [1]

Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.

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, Czechia’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

Sources

  1. The World Bank