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 = 100) 

  2011 2012 2013 2014 2015 2016 2017
Czech Republic 83 82 84 86 87 87 89
Hungary 66     66 67 68 68 67 68
Poland 65 67 67 67 68 68 70
Slovakia 75 76 77 77 77 77 77
Germany 123 124 124 126 124 124 123
Austria 128 132 131 130 130 127 128
EU 28 100 100 100 100 100 100 100
EA 19 108 107 107 107 106 106 106

Source: Eurostat

GDP volume 2011 2012 2013 2014      2015  2016 2017
CZK Billion, Current Prices 4,033.8 4,059.9 4,098.1 4,313.8 4,595.8 4,768.0 5045.2
GDP per capita 2011 2012 2013 2014 2015 2016 2017
CZK, Current prices 364,249 365,995 369,507 405,342 424,201    
GDP, % y/y 2011 2012 2013 2014 2015 2016 2017
CZK, constant prices 1.8 -0.8 -0.5 2.7 5.4 2.5 4.3

Source: Czech Statistical Office

2. Inflation

Inflation rates 

year 2010 2011 2012 2013 2014 2015 2016 2017
inflation 1.5 1.9 3.3 1.4 0.4 0.3 0.7 2.5

Source: Czech Statistical Office

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

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
EA19 -0.34 -0.36 -0.36 -0.36 -0.37 -0.36 -0.36 -0.36 -0.36 -0.36 -0.37
Czech Republic 0.50 0.50 0.74 0.75 0.75 0.75 0.76 1.00 1.23 1.26 1.50
Poland 1.51 1.42 1.55 1.64 1.61 1.51 1.58 1.54 1.46 1.62 1.55
Hungary -0,01 -0.07 -0.06 -0.07 -0.06 -0.02 -0.01 -0.01 -0.02 0.00 0.07

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 Week Repo 0.50 0.25 0.05 0.75 1.00 1.25 1.50
Discount rate 0.25 0.10 0.05 0.05 0.05 0.25 0.50
Lombard rate 1.50 0.75 0.25 1.5 2.00 2.25 2.50

Source: Czech National Bank

4. Labor Market

Unemployment rate (average) 

Year 2012 2013 2014 2015 2016 2017
Unemployment rate 7.0 7.0 6.1 5.0 4.0 2.9

Source: Czech Statistical Office

Average monthly wage 2014–2018 Avg. nominal wage (in CZK)
Q1 2014 24,931
Q2 2014 25,569
Q3 2014 25,279
Q4 2014 27,261
Q1 2015 25,497
Q2 2015 26,408
Q3 2015 26,163
Q4 2015 28,258
Q1 2016 26,683
Q2 2016 27,452
Q3 2016 27,396
Q4 2016 29,491
Q1 2017 27,880
Q2 2017 29,335
Q3 2017 29,058
Q4 2017 31,661
Q1 2018 30,267
Q2 2018 31,851

Source: Czech Statistical Office

5. Education

Graduates 2013 2014 2015 2016 2017
Public Universities 76,594 74,426 74,426 67,417 63,080
Private Universities 15,107 13,767 11,445 9,968 8,987
Natural Science & Technical 18,470 18,023 17,518 16,735 16,214
ICT 4,934 4,711 4,479 4,361 3,915

Source: Ministry of Education, Youth and Sport, Czech Statistical Office

Economically Active Population According to Education in thousands %    
  2015   2018  
Elementary school 1,279.1 14.2 1,222.5 13.7
Vocational school 3,061.7 34.1 2,902.9 32.5
Secondary school 3,049.8 33.9 3,072.7 34.4
University education 1,585.4 17.6 1,728.4 19.3

Source: Czech Statistical Office

6. Healthcare

International Comparison of expenditure on healthcare (based on OECD Health Statistics 2017) Public expenditure on healthcare as % of total Total expenditure on healthcare as % of GDP Total Health Care expenditure per capita, USD PPP
Czech Republic 82.2 7.1 2,149,9
Poland 69.2 6.7 1,352,2
Austria 74.3 10.4 4,043,5
Germany 85 11.3 4,869,4
Hungary 66.8 7.2 1,365,1
Slovakia 80.5 7.1 1,826,9

Source: OECD Health Statistics

Expenditures on healthcare according to sources of financing as % of total expenditures on healthcare
Public insurance 65.7
Public budgets 15.5
Private expenditures 14.2

Source: Czech Statistical Office, 2016

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 20,061,635 10,175,963 9,885,672

Source: Czech Statistical Office

Foreign guests coming to Czech Republic, 2015 2017  
Germany 1,553,370 Germany 1,954,833
Russia 691,198 Slovakia 688,490
Poland 448,736 Poland 578,465
USA 441,457 Russia 551,191
UK 397,431 USA 539,023
Italy 369,268 China 491,648

Source: Czech Statistical Office

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