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, from 2020 EU27 = 100) 

  2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Czech Republic 84 84 85 88 89 89 91 92 93 93 92
Hungary 67     67 68 69 70 69 69 71 73 74 76
Poland 66 67 67 68 69 69 70 71 73 76 77
Slovakia 76 77 77 78 78 73 70 70 69 70 68
Germany 124 124 125 127 124 125 124 124 121 123 119
Austria 129 133 133 132 131 130 127 128 126 124 121
EU 27                   100 100
EU 28 101 101 101 101 101 101 101 101 101    
EA 19 109 108 108 108 108 107 107 107 106 105 105

Source: Eurostat

GDP volume 2011 2012 2013 2014      2015  2016 2017 2018 2019 2020 2021
CZK Billion, Current prices 4,062.3 4088.9 4,142.8 4,345.8 4,625.4 4,796.9 5,110.7 5,409.7 5,790.3 5,694.6 6,120,632
GDP per capita, CZK 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
CZK, Current prices 387,011 389,076 394,151 412,908 438,718 454,022 482,622 509,076 542,710 532,200 582,870
GDP real growth % y/y 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
  1.8 -0.8 -0.0 2.3 5.4 2.5 5.2 3.2 3.0 -5.8 3,3

Source: Czech Statistical Office

2. Inflation

Inflation rates 

Year 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Inflation rate 1.5 1.9 3.3 1.4 0.4 0.3 0.7 2.5 2.1 2.8 3.2

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 2020 2021
Czech Republic 2.2 3.5 1.4 0.4 0.3 0.6 2.4 2.0 2.6 3.3 3.3
Hungary 3.9 5.7 1.7 0.0 0.1 0.4 2.4 2.9 3.4 3.4 5.2
Poland 3.9 3.7 0.8 0.1 -0.7 -0.2 1.6 1.2 2.1 3.7 5.2
Slovakia 4.1 3.7 1.5 -0.1 -0.3 -0.5 1.4 2.5 2.8 2.0 2.8
Germany 2.5 2.2 1.6 0.8 0.7 0.4 1.7 1.9 1.4 0.4 3.2
Austria 3.6 2.6 2.1 1.5 0.8 1.0 2.2 2.1 1.5 1.4 2.8
EU 27 from 2020                   0.7 2.9
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 0.3 2.6

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 05/21 11/21 02/22 04/22
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 -0.54 -0.57 -0.53 -0.44
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 0.36 2.97 4.6 5.3
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 0.21 1.57 3.3 5.4
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   0.88 2.58 4.4 6.3

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 1 Oct 2021 5 Nov 2021 23 Dec 2021 4 Feb 2022 1 Apr 2022 6 May 2022
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 1.50 2.75 3.75 4.50 5.00 5.50
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 0.5 1.75 2.75 3.50 4.00 6.00
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 2.5 3.75 4.75 5.50 6.00 6.75

Source: Czech National Bank

4. Labor Market

Unemployment rate (average) 

Year 2012 2013 2014 2015 2016 2017 2018 2019 2020
Unemployment rate 7.0 7.0 6.1 5.0 4.0 2.9 2.2 2.0 2.6

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 30,427  
Q2 2018 32,003  
Q3 2018 31,685  
Q4 2018 34,057 Q1-4 2018         28,431
Q1 2019 32,951  
Q2 2019 34,576  
Q3 2019 34.127  
Q4 2019 36,636 Q1-4 2019         30,158
Q1 2020 34,197  
Q2 2020 34,382  
Q3 2020 35,487  
Q4 2020 38,584 Q1-4 2020          31,579
Q1 2021 35,338  
Q2 2021 38,292  
Q3 2021 37,499  

Source: Czech Statistical Office, www.ispv.cz

5. Education

Graduates 2013 2014 2015 2016 2017 2018 2019 2020
26 Public Universities 76,594 74,426 74,426 67,417 63,080 60,211 56,813 55,684
36 Private Universities (2019) 15,107 13,767 11,445 9,968 8,987 8,362 7,373 7,230
Total  91,693 88,257 82,040 77,382 72,086 68,574 64,243 62,914
                 
ICT 4,934 4,711 4,479 4,361 3,915 3,802 3,606 3,668
Technical, manufacturing, construction 13,966 13,731 13,416 12,586 12,273 11,509 10,774 10,378
Natural sciences, maths, statistics 4,504 4,292 4,103 4,149 3,937 4,030 3,820 3,735
                 
ICT, Technical, Natural sciences as % of Total 25.52% 25.76% 26.81% 27.26% 27.92% 28.20% 28.33% 28.26%

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

Active Population, Structure by Educational Attainment in thousands %        
  2017   2018   2020  
Elementary school 257.2 5% 254.3 4% 268,1 4.99%
Vocational school 1,830.1 34% 1,819.6 34% 1,759.9 32,76%
Secondary school 1,985.9 37% 2,006.5 37% 2,011.7 37.45%
University education 1,302.3 24% 1,333.2 25% 1,331.4 24.79%

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 2019 Total expenditure on healthcare as % of GDP, 2017 2018 2019 Total Health Care expenditure per capita, USD PPP, 2017 2018 2019
Czech Republic 82.1 82.6 82 7.2 7.5 7.8 est. 2020 2,850,4 3,057.6 3,417
Poland 69.5 71.8 71 6.5 6.3 6.5 2,047,7 2,056.4 2,289
Austria 74.0 74.8 75 10.4 10.3 10.4 5,270.2 5,395.1 5,705
Germany 84.4 84.5 78 11.2 11.2 11.7 5,847.7 5,986.4 6,518
Hungary 69.2 70.3 68 6.9 6.6 6.4 1,996,4 2,046.8 2,170
Slovakia 79.9 80.1 77 6.7 6.7 7.0 est. 2020 2,187,8 2,290.3 2,189

Source: OECD Health Statistics

According to the Czech Statistical Office, health care expenditures as a % of GDP reached 8.3% in 2019.

Expenditures on healthcare according to sources of financing as % of total expenditures on healthcare, 2016 2017 2018 2019
Public insurance 65.4 65.0 65.4 64.8
Public budgets 17.2 18.0 18.0 18.0
Private expenditures 17.4 17.0 16.6 17.2

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
2020 10,777,698 2,783,637 7,994,061

Source: Czech Statistical Office

Foreign guests coming to Czech Republic, 2015 2017   2018   2019   2020  
Germany 1,766,539 Germany 1,962,582 Germany 2,031,104 Germany 2,075,460 Germany 438,911
Slovakia 578,216 Slovakia 681,917 Slovakia 730,954 Slovakia 749,631 Slovakia 237,540
USA 508,951 Poland 575,643 Poland 620,495 Poland 671,857 Poland 171,260
Poland 484,573 Russia 548,318 China 617,935 China 609,727 Netherlands 63,426
UK 442,718 USA 540,572 USA 554,394 USA 584,627 Austria 61,012
Russia 434,852 China 489,845 Russia 544,216 Russia 564,083 USA 44,822

Source: Czech Statistical Office

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