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Economy of the Czech Republic

Population: 11 million in 20131

GDP: $198 billion in 20132

GDP per capita: $19,845 nominal3 ($27,344 PPP4) in 2013

GDP growth rate: -0.7% in 20135


GDP by Industry 20126

Industry sectorValue added ($ billions) 2012Percent of total
Other activities7036.1%
Wholesale, retail trade, restaurants and hotels2513.1%
Transport, storage and communication2211.2%
Mining and utilities126.5%
Agriculture, hunting, forestry, fishing52.3%
Total value added195100%


Unemployment rate: 6.9% in 20137

Employment by Industry 20138

Employment sector Employees (thousands) 2013Percent of total
Wholesale trade, retail trade and repair of motor vehicles60512.3%
Human health and social work3396.9%
Public administration and defence3166.4%
Transportation and storage3026.1%
Professional, scientific and technical2214.5%
Accommodation and food service1793.6%
Agriculture, forestry and fishing1503.0%
Information and communication1402.8%
Finance and insurance1372.8%
Administrative and support service1292.6%
Other service931.9%
Arts, entertainment and recreation801.6%
Electricity, gas, steam and air conditioning541.1%
Water supply, sewerage and waste management511.0%
Real estate491.0%
Mining and quarrying410.8%
Activities of households as employers220.4%
Extraterritorial organizations and bodies10.0%
Not elsewhere classified00.0%
Total employment4,937100%


Top 10 Corporations by Revenue 20139



Household Wealth: $391 billion (197% of GDP) in 201410

Household Wealth per Adult: $46,291 in 201410

Gini Coefficient: .249 in 201211


Central Government

Central Government Revenue: $56 billion (28% of GDP) in 201312

Central Government Expenditure: $60 billion (30% of GDP) in 201312

Central Government Budget Balance: -$4 billion (-2% of GDP) in 201312

Central Government Public Debt: $81 billion (41% of GDP) in Q3 2014* 13

Central Government 10 Year Bond Interest Rate: 0.41% on Jan 28, 201514

* Public debt calculated using the exchange rate 24.60 CZK = 1 USD

Government Funds


Tax Structure

Individual Income Tax Rates and Thresholds in 201315

Corporate Tax Rate: 19% in 201416

Monetary Policy

Money Supply (M1): $112 billion (56% of GDP) in Jan 2015* 17

Benchmark Interest Rate: Discoutn Rate = 0.05% on Jan 28, 201518

Total Reserves: $56 billion (28% of GDP) in 201319

Exchange Rate: 24.60 Czech Republic Koruna = 1 U.S. Dollar on Jan 28, 201520

Inflation: 1.4% in 201321

* Money supply calculated using the exchange rate 24.60 CZK = 1 USD

Financial Institutions

Top 5 Financial Institutions by Assets 201322

RankFinancial InstitutionAssets ($ billions) 2013*
2Ceska sporitelna49
3Komercni banka44
4UniCredit Bank Czech Republic and Slovakia23

International Accounts

Exports: $161 billion (81% of GDP) in 201323

Imports: $143 billion (72% of GDP) in 201323

Trade Balance: +$18 billion (+9% of GDP) in 201323

Foreign Direct Investment Inflow: $5 billion (3% of GDP) in 201324

Foreign Direct Investment Outflow: $3 billion (2% of GDP) in 201324

Foreign Aid Inflow: N/A

Foreign Aid Outflow: $210 million (0.1% of GDP)25


1. Source: World Bank Indicators (Population) Go back
2. Source: World Bank Indicators (GDP) Go back
3. Source: World Bank Indicators (GDP per capita) Go back
4. Source: World Bank Indicators (GDP per capita PPP) Go back
5. Source: World Bank Indicators (GDP growth rate) Go back
6. Source: United Nations Statistics Division (GDP by industry) Go back
7. Source: World Bank Indicators (Unemployment rate) Go back
8. Source: International Labor Organization, Downloads (Employment by economic activity) Go back
9. Source: Annual reports (Corporate data) Go back
10. Source: Credit Suisse Global Wealth Databook (Household wealth) Go back
11. Source: CIA World Factbook (Gini coefficient) Go back
12. Source: CIA World Factbook (Government budget) Go back
13. Source: OECD Stats, National Accounts, Quarterly Public Sector Debt (Public debt) Go back
14. Source: Investing.com (Government bond yield) Go back
15. Source: OECD Stats, Public Sector, Taxation, Tax Database (Individual tax rates) Go back
16. Source: Tax Foundation (Corporate tax rate) Go back
17. Source: Czech National Bank, Statistics, Monetary and financial Statistics, Monetary Statistics, Monthly Bulletin (Money supply) Go back
18. Source: Czech National Bank (Benchmark interest rate) Go back
19. Source: World Bank Indicators (Total reserves) Go back
20. Source: Yahoo Finance (Exchange rate) Go back
21. Source: World Bank Indicators (Inflation rate) Go back
22. Source: Relbanks.com (Financial institutions by assets) Go back
23. Source: CIA World Factbook (Trade data) Go back
24. Source: OECD FDI in Figures (FDI data) Go back
25. Source: OECD Aid Data, DAC flows at a glance (Aid data) Go back