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 | 2018 |
| inflation | 1.5 | 1.9 | 3.3 | 1.4 | 0.4 | 0.3 | 0.7 | 2.5 | 2.1 |
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 | 2018 |
| Unemployment rate | 7.0 | 7.0 | 6.1 | 5.0 | 4.0 | 2.9 | 2.2 |
Source: Czech Statistical Office
| Average monthly wage 2014–2019 | 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 | 28,034 |
| Q2 2017 | 29,432 |
| Q3 2017 | 29,234 |
| Q4 2017 | 31,802 |
| Q1 2018 | 30,230 |
| Q2 2018 | 31,815 |
| Q3 2018 | 31,533 |
| Q4 2019 | 33,871 |
| Q1 2019 | 32,485 |
| Q2 2019 | 34,105 |
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 |
| 2018 | 21,274,686 | 10,635,645 | 10,639,041 |
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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