Czech Republic
The Czech Republic possesses a developed, high-income economy with a GDP per capita of 82% of the European Union average.One of the most stable and prosperous of the post-Communist states, the Czech Republic has seen a growth of over 6% annually in the last three years. Recent growth has been led by exports to the European Union, especially Germany and foreign investment, while domestic demand is reviving. Most of the economy has been privatised, including the banks and telecommunications. The current right-centre government plans to continue with privatisation, including the energy industry and the Prague airport. It has recently agreed to the sale of a 7% stake in the energy producer, CEZ Group, with the sale of the Bude(jovick? Budvar brewery also mooted.
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Demographic Data |
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Economic Data |
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Cultural & Other Data |
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GDP (PPP, $bn) |
266.3 |
Capital |
Prague |
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Area (sq. km.) |
78,866 |
GDP Real Growth (%) |
3.9 |
Primary Language |
Czech |
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Population (million) |
10.21 |
PerCap GDP ($) |
26,100 |
2nd Language |
Slovak |
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Population Growth % |
-0.094 |
Prime Lending Rate (%) |
5.79 |
Urban Population % |
73 |
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% Population Under 15yrs |
13.6 |
Inflation Rate% |
3.6 |
Urban Growth % |
0 |
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Population below poverty line (%) |
NA |
Unemployment% |
6 |
Literacy (% of population) |
99 |
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Agricultural Workers (% of population) |
4 |
Foreign Direct Investment($bn) |
107.6 |
Education spending as % of GDP |
4.4 |
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Industrial Workers (% of population) |
40 |
Debt-External ($bn) |
88.74 |
CPI Score (1-10)* |
5.2 |
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Service Workers (% of population) |
56 |
Exports ($bn) |
145.8 |
Corporate Income Tax % |
20 |
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Labor Force (mil) |
5.37 |
Imports ($bn) |
141.4 |
Ease of Doing Business Ranking ** |
75 |
CURRENCY EXCHANGE RATE
05/13/09 $1 = 19.7 CZK
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