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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