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 2018
Czech Republic 83 82 84 86 87 88 89 90
Hungary 66     66 67 68 68 67 68 70
Poland 65 67 67 67 69 68 70 71
Slovakia 74 76 76 77 77 77 76 78
Germany 123 124 124 126 124 124 124 123
Austria 128 132 131 130 129 128 127 127
EU 28 100 100 100 100 100 100 100 100
EA 19 108 107 107 107 106 106 106 106

Source: Eurostat

GDP volume 2011 2012 2013 2014      2015  2016 2017 2018
CZK Billion, Current prices 4,033.8 4,059.9 4,098.1 4,313.8 4,595.8 4,767.9 5,047.2 5,328.7
GDP per capita 2011 2012 2013 2014 2015 2016 2017 2018
CZK, Current prices 384,289 386,317 389,900 409,870 435,911 451,288 476,628  
GDP growth % y/y 2011 2012 2013 2014 2015 2016 2017 2018
CZK, Current prices 1.8 -0.8 -0.5 2.7 5.3 2.5 4.4 3.0

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 2018
Czech Republic 2.2 3.5 1.4 0.4 0.3 0.6 2.4 2.0
Hungary 3.9 5.7 1.7 0.0 0.1 0.4 2.4 2.9
Poland 3.9 3.7 0.8 0.1 -0.7 -0.2 1.6 1.2
Slovakia 4.1 3.7 1.5 -0.1 -0.3 -0.5 1.4 2.5
Germany 2.5 2.1 1.6 0.8 0.1 0.4 1.7 1.9
Austria 3.6 2.6 2.1 1.5 0.8 1.0 2.2 2.1
EU 28 3.1 2.6 1.5 0.6 0.1 0.2 1.7 1.9
EA 19 2.7 2.5 1.3 0.4 0.2 0.2 1.5 1.8

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, 2016 2017
Public insurance 65.73 65.09
Public budgets 17.28 18.03
Private expenditures 16.99 16.87

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 20,061,635 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   2018  
Germany 1,766,539 Germany 1,962,582 Germany 2,031,104
Slovakia 578,216 Slovakia 681,917 Slovakia 730,954
USA 508,951 Poland 575,643 Poland 620,495
Poland 484,573 Russia 548,318 China 617,935
UK 442,718 USA 540,572 USA 554,394
Russia 434,852 China 489,845 Russia 544,216

Source: Czech Statistical Office

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