Czechia: Economy
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Income Level (by per capita GNI) Source: The World Bank Possible values: High Income, Upper Middle Income, Lower Middle Income and Low Income |
High Income |
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Level of Development
Source: United Nations Possible values: Developed, In Transition and Developing |
Developed |
| Economic Trivia | The auto industry remains the largest single industry, and, together with its upstream suppliers, accounts for nearly 24% of Czech manufacturing. |
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Trade
Source: United Nations Comtrade Note: Top 3 trade partners are calculated by imports + exports. |
Top 3 Trade Partners (2021): Germany, China, and Poland |
| Top Industries Source: CIA World Factbook | Motor Vehicles; Metallurgy; Machinery and Equipment; Glass |
Gross Domestic Product (GDP) [1]
| GDP, PPP (current international) | $525,729,980,121 (2022) |
| GDP Growth Rate (annual %) | 2.461% (2022) |
| GDP Per Capita, PPP (current international) | $49,946 (2022) |
GDP Country Rank 46/197 (2022)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 15.1% (2022) |
| External debt stocks, total (DOD, current US$) | Data unavailable |
| Total tax rate (% of commercial profits) | 46.1% (2019) |
| Real Interest Rate (5 year average %) | -3.997% (2022) |
| Manufacturing, value added (% of GDP) | 21.183% (2022) |
| Current Account Balance (BoP, current US$) | ($17,365,732,564) (2022) |
Labor and Employment [1]
| Labor Force, Total | 5,320,617 (2022) |
| Employment in Agriculture (% of total employment) | 2.549% (2021) |
| Employment in Industry (% of total employment) | 36.851% (2021) |
| Employment in Services (% of total employment) | 60.6% (2021) |
| Unemployment Rate | 2.37% (2022) |
Trade [1]
| Imports of goods and services (current US$) | $218,026,758,573 (2022) |
| Exports of goods and services (current US$) | $217,725,093,120 (2022) |
| Total Merchandise Trade (% of GDP) | 164.031% (2022) |
| FDI, net inflows (BoP, current US$) | $10,529,730,879 (2022) |
| Commercial Service Exports (current US$) | $33,560,315,134 (2022) |
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.