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
Czech Republic 81 81 80 82 85
Poland 65 67 68 67 68
Slovakia 75 76 76 75 77
Germany 123 123 124 122 124
Austria 129 130 129 128 130
EU 28 100 100 100 100 100
EA 19 108 108 108 107 107

Source: Eurostat

GDP volume 2011 2012 2013 2014      2015
CZK Billion, Current Prices 3,823.4 3,845.9 3,883.8 4,266.1 4,472.3
GDP per capita 2011 2012 2013 2014 2015
CZK, Current prices 364,249 365,995 369,507 405,342 424,201
GDP, % y/y 2011 2012 2013 2014 2015
CZK, constant prices 1.8 -1.0 -0.9 1.4 4.2

Source: Czech Statistical Office

2. Inflation

Inflation rates 2008-2014
year 2010 2011 2012 2013 2014 2015
inflation 1.5 1.9 3.3 1.4 0.4 0.3

Source: Czech Statistical Office

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

Source: Eurostat

3. Interest Rate

3 month interest rate, Monthly average (NSA)
  01/15 02/15 03/15 04/15 05/15 06/15 07/15 08/15 09/15 10/15 11/15 12/15 01/16 02/16 03/16
EA19 0.06 0.05 0.03 0.00 -0.01 -0.01 -0.02 -0.03 -0.04 -0.05 -0.09 -0.13 -0.15 -0.18 -0.23
Czech Republic 0.33 0.33 0.32 0.31 0.31 0.31 0.31 0.31 0.30 0.29 0.29 0.29 0.29 0.28 0.29
Poland 2.03 - - 1.65 1.67 1.70 1.72 1.72 1.72 1.73 1.73 1.72 1.71 1.69 1.67
Hungary - - - 1.64 1.42 1.57 1.26 1.14 1.29 1.32 1.25 1.35 1.19 1.34 1.19

Source: Eurostat

2 Week Repo, Discount rate, Lombard rate
  29 June 2012 1 October 2012 2 November 2012
2 Week Repo 0.50 0.25 0.05
Discount rate 0.25 0.10 0.05
Lombard rate 1.50 0.75 0.25

Source: Czech National Bank

4. Labor Market

Unemployment rate
Year 2012 2013 2014 2015
Unemployment rate 7.37 8.17 7.7 6.2

 

Source: Czech Statistical Office

Average monthly wage 2014–2015 Avg. wage (in CZK)
Q1 2014 24,806
Q2 2014 25,492
Q3 2014 25,231
Q4 2014 27,200
Q1 2015 25,306
Q2 2015 26,287
Q3 2015 26,072
Q4 2015 28,152

Source: Czech Statistical Office

5. Education

Graduates 2013 2014 2015
Public Universities 76 554 74 391 70 578
Private Universities 15 006 13 761 11 436

Source: Ministry of Education, Youth and Sport

Economically Active Population According to Education (2015) in thousands Share %
No education and Elementary school 1,279.1 14.2
Vocational school 3,061.7 34.1
Secondary school 3,049.8 33.9
University education 1,585.4 17.6

Source: Czech Statistical Office

6. Healthcare

International Comparison of expenditure on healthcare (based on OECD Health Statistics 2015) Public expenditure on healthcare as % of total Total expenditure on healthcare as % of GDP Total Health Care expenditure per capita, USD PPP
Czech Republic 84.1 7.0 2,039,6
Poland 70.8 6.4 1,530,2
Austria 76.2 8.8 4,553,1
Germany 76.6 11.1 5,002,4
Hungary 64.6 7.4 1,719,5
Slovakia 74.2 7.6 2,010,2

Source: OECD Health Statistics

Expenditures on healthcare according to sources of financing as % of total expenditures on healthcare
Public insurance 76.7
Public budgets 7.6
Private expenditures 15.7

Source: OECD Health Statistics

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

Source: Czech Statistical Office

Foreign guests coming to Czech Republic, 2015
Germany 1,553,370
Russia 691,198
Poland 448,736
USA 441,457
UK 397,431
Italy 369,268

Source: Czech Statistical Office

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