Country Profile

Czech Republic

General Information

  • Area: 78,867 sq. km
  • Capital: Prague (Praha)
  • Population: 10,5 million
  • Region: Central Europe
  • Border countries: Germany, Austria, Poland and Slovakia
  • Official language: Czech
  • Official currency: Koruna (Kč) - Czech Crown (CZK)
  • Political system: Parliamentary democracy

For more information download our publication:

Download Czech Republic Overview 2016/2017

For more information about Czech Competitiveness go to: www.czechcompete.cz

Data

1. Gross Domestic Product (GDP)

GDP per capita in purchasing power standard (EU28 = 101) 

  2011 2012 2013 2014 2015 2016 2017 2018 2019
Czech Republic 84 83 85 87 88 88 90 91 92
Hungary 67     66 68 69 70 68 69 71 73
Poland 66 68 68 68 69 69 70 71 73
Slovakia 76 77 78 78 78 73 72 73 74
Germany 124 124 125 127 125 125 124 123 121
Austria 129 133 133 132 131 130 128 128 127
EU 28 101 101 101 101 101 101 101 101 101
EA 19 109 108 108 108 108 107 107 107 106

Source: Eurostat

GDP volume 2011 2012 2013 2014      2015  2016 2017 2018 2019
CZK Billion, Current prices 4,033.8 4,059.9 4,098.1 4,313.8 4,595.8 4,767.9 5,047.2 5,323.6 5,652.6
GDP per capita, CZK 2011 2012 2013 2014 2015 2016 2017 2018 2019
CZK, Current prices 384,289 386,317 389,900 409,870 435,911 451,288 476,628 500,973 529,795
GDP real growth % y/y 2011 2012 2013 2014 2015 2016 2017 2018 2019
CZK, Current prices 1.8 -0.8 -0.5 2.7 5.3 2.5 4.4 2.8 2.6

Source: Czech Statistical Office

2. Inflation

Inflation rates 

Year 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Inflation rate 1.5 1.9 3.3 1.4 0.4 0.3 0.7 2.5 2.1 2.8

Source: Czech Statistical Office

HICP - Annual average rate of change in Harmonized Indices of Consumer Prices (HICPs) 2011 2012 2013 2014 2015 2016 2017 2018 2019
Czech Republic 2.2 3.5 1.4 0.4 0.3 0.6 2.4 2.0 2.6
Hungary 3.9 5.7 1.7 0.0 0.1 0.4 2.4 2.9 3.4
Poland 3.9 3.7 0.8 0.1 -0.7 -0.2 1.6 1.2 2.1
Slovakia 4.1 3.7 1.5 -0.1 -0.3 -0.5 1.4 2.5 2.8
Germany 2.5 2.1 1.6 0.8 0.1 0.4 1.7 1.9 1.4
Austria 3.6 2.6 2.1 1.5 0.8 1.0 2.2 2.1 1.5
EU 28 3.1 2.6 1.5 0.6 0.1 0.2 1.7 1.9 1.5
EA 19 2.7 2.5 1.3 0.4 0.2 0.2 1.5 1.8 1.2

Source: Eurostat

3. Interest Rate

3 month interest rate, Monthly average (NSA)                
  12/17 01/18 02/18 03/18 04/18 05/18 06/18 07/18 08/18 09/18 10/18 10/19 12/19 01/20 02/20 03/20 04/20 05/20 06/20
EA19 -0.34 -0.36 -0.36 -0.36 -0.37 -0.36 -0.36 -0.36 -0.36 -0.36 -0.37 -0.41 -0.39 -0.39 -0.41 -0.42 -0.25 -0.27  
Czech Republic 0.50 0.50 0.74 0.75 0.75 0.75 0.76 1.00 1.23 1.26 1.50 2.17 2.18 2.17 2.34 2.00 0.97 0.46  
Poland 1.51 1.42 1.55 1.64 1.61 1.51 1.58 1.54 1.46 1.62 1.55 1.72 1.70 1.71 1.71 1.45 0.83 0.66  
Hungary -0,01 -0.07 -0.06 -0.07 -0.06 -0.02 -0.01 -0.01 -0.02 0.00 0.07 0.20 0.15 0.18 0.44 0.49 1.09    

Source: Eurostat

 

2 Week Repo, Discount rate, Lombard rate

  2 Jun 2012 1 Oct 2012 2 Nov 2012 2 Feb 2018 28 Jun 2018 3 Aug 2018 27 Sep 2018 2 Nov 2018 3 May 2019 7 Feb 2020 17 Mar 2020 27 Mar 2020 11 May 2020
2 Week Repo 0.50 0.25 0.05 0.75 1.00 1.25 1.50 1.75 2.00 2.25 1.75 1.00 0.25
Discount rate 0.25 0.10 0.05 0.05 0.05 0.25 0.50 0.75 1.00 1.25 0.75 0.05 0.05
Lombard rate 1.50 0.75 0.25 1.5 2.00 2.25 2.50 2.75 3.00 3.25 2.75 2.00 1.00

Source: Czech National Bank

4. Labor Market

Unemployment rate (average) 

Year 2012 2013 2014 2015 2016 2017 2018 2019
Unemployment rate 7.0 7.0 6.1 5.0 4.0 2.9 2.2 2.0

Source: Czech Statistical Office

Average gross monthly wage Avg. nominal wage (CZK) Median wage, private sector (CZK)
Q1 2014 24,931  
Q2 2014 25,569  
Q3 2014 25,279  
Q4 2014 27,261 Q1-4 2014         22,097
Q1 2015 25,497  
Q2 2015 26,408  
Q3 2015 26,163  
Q4 2015 28,258 Q1-4 2015         23,062
Q1 2016 26,683  
Q2 2016 27,452  
Q3 2016 27,396  
Q4 2016 29,491 Q1-4 2016         24,265
Q1 2017 28,034  
Q2 2017 29,432  
Q3 2017 29,234  
Q4 2017 31,802 Q1-4 2017         25,994
Q1 2018 30,230  
Q2 2018 31,815  
Q3 2018 31,533  
Q4 2018 33,871 Q1-4 2018         28,431
Q1 2019 32,485  
Q2 2019 34,105  
Q3 2019 33.686  
Q4 2019 36,161 Q1-4 2019         30,158
Q1 2020 34,077  

Source: Czech Statistical Office, www.ispv.cz

5. Education

Graduates 2013 2014 2015 2016 2017 2018 2019
26 Public Universities 76,594 74,426 74,426 67,417 63,080 60,211 56,813
36 Private Universities (2019) 15,107 13,767 11,445 9,968 8,987 8,362 7,373
Natural Science & Technical 18,470 18,023 17,518 16,735 16,214 15,549  
ICT 4,934 4,711 4,479 4,361 3,915 3,802  

Source: Ministry of Education, Youth and Sport, Czech Statistical Office, see also regional data

Active Population, Structure by Educational Attainment in thousands %    
  2017   2018  
Elementary school 257.2 5% 254.3 4%
Vocational school 1,830.1 34% 1,819.6 34%
Secondary school 1,985.9 37% 2,006.5 37%
University education 1,302.3 24% 1,333.2 25%

Source: Czech Statistical Office

6. Healthcare

International Comparison of expenditure on healthcare (based on OECD Health Statistics) Public expenditure on healthcare as % of total, 2017 2018 Total expenditure on healthcare as % of GDP, 2017 2018 Total Health Care expenditure per capita, USD PPP, 2017 2018
Czech Republic 82.1 82.6 7.2 7.5 2,850,4 3,057.6
Poland 69.5 71.8 6.5 6.3 2,047,7 2,056.4
Austria 74.0 74.8 10.4 10.3 5,270.2 5,395.1
Germany 84.4 84.5 11.2 11.2 5,847.7 5,986.4
Hungary 69.2 70.3 6.9 6.6 1,996,4 2,046.8
Slovakia 79.9 80.1 6.7 6.7 2,187,8 2,290.3

Source: OECD Health Statistics

Expenditures on healthcare according to sources of financing as % of total expenditures on healthcare, 2016 2017 2018
Public insurance 65.7 65.1 65.9
Public budgets 17.3 18.0 18.1
Private expenditures 17.0 16.9 16.0

Source: Czech Statistical Office

7. Tourism

Occupancy in collective accommodation establishment (number of guests) Total Non-residents Residents
2011 12,898,712 6,715,067 6,183,645
2012 13,646,913 7,164,576 6,482,337
2013 13,868,336 7,309,856 6,558,480
2014 15,644,707 8,126,369 7,518,338
2015 15,981,115 8,095,885 7,885,230
2016 18,374,355 9,288,013 9,086,342
2017 20,000,561 10,160,468 9,840,093
2018 21,247,150 10,611,394 10,635,756
2019 21,998,366 10,890,500 11,107,866

Source: Czech Statistical Office

Foreign guests coming to Czech Republic, 2015 2017   2018   2019  
Germany 1,766,539 Germany 1,962,582 Germany 2,031,104 Germany 2,075,460
Slovakia 578,216 Slovakia 681,917 Slovakia 730,954 Slovakia 749,631
USA 508,951 Poland 575,643 Poland 620,495 Poland 671,857
Poland 484,573 Russia 548,318 China 617,935 China 609,727
UK 442,718 USA 540,572 USA 554,394 USA 584,627
Russia 434,852 China 489,845 Russia 544,216 Russia 564,083

Source: Czech Statistical Office

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