21, Nov 2009, CST. Welcome to the Czech Republic economic statistics pages provided by the beta version of EconomyWatch.com’s Econ Stats database.

Economic Indicators For: Czech Republic › Change country
National or Regional Currency: Czech Koruna, CZK
Year of data: 2008 › Change year
Number of Indicators Listed: 23
Full Dataset: From Year 1980 to 2013
Date of Last Update: 1 Sept 2009
Population: 10,211,904 (July 2009 est.)
Area: total: 78,866 sq km land: 77,276 sq km water: 1,590 sq km
Natural Resources: hard coal, soft coal, kaolin, clay, graphite, timber
Government Type: Czech Republic government type
Government Ministers: Czech Republic ministers
Capital: Prague
Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook

The Czech Republic is amongst the most stable and wealthy of the post-Communist states of Central and Eastern Europe. Maintaining anopen or free investment climate has been a key element of the Czech Republic's transition from a communist, centrally planned economy to a functioning open or free market economy. As a member of the European union, with an advantageous location in the center of Europe, a relatively depressed cost structure, and a well-qualified workforce, the Czech Republic is an attractive desticountry for Foreign Direct Investment (FDI). Prior to its European Union (EU) accession in 2004, the Czech government harmonized its laws and regulations with those of the European union. The government plans to meet the criteria for joining the eurozone around 2012. The small,open or free, export-driven Czech economy grew by over 6 per cent annually from 2005-2007 and the robust growth perpetuated throughout the first three quarters of 2008. Despite the global economic downturn, the conservative Czech financial system has remained relatively healthy. The rate of Czech growth of the economy, however, began to fall in the fourth quarter of 2008, mainly due to a marked drop in demand for Czech exports in Western Europe. This pattern is expected to perpetuate, with many analysts predicting Czech economy to contract slightly in 2009.
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GDP (Constant Prices, National Currency) for Czech Republic in year 2008 is CZK 3,071.61 Billion. Real GDP is expressed in billions of national currency units; the base year is country-specific.

GDP Growth (Constant Prices, National Currency) for Czech Republic in year 2008 is 3.215 %. Annual percentages of constant price GDP are year-on-year changes; the base year is country-specific.

GDP (Current Prices, National Currency) for Czech Republic in year 2008 is CZK 3,705.87 Billion. GDP is expressed in billions of national currency units.

GDP (Current Prices, US Dollars) for Czech Republic in year 2008 is US$ 217.077 Billion. Values are based upon GDP in national currency and the exchange rate projections provided by country economists for the group of other emerging market and developing countries. Exchanges rates for advanced economies are established in the WEO assumptions for each WEO exercise.

GDP Deflator for Czech Republic in year 2008 is 120.649 (Index, Base Year as per country's accounts = 100). The GDP deflator is derived by dividing current price GDP by constant price GDP and is considered to be an alternate measure of inflation. Please note: Data are expressed in the base year of each country's national accounts.

GDP Per Capita (Constant Prices, National Currency) for Czech Republic in year 2008 is CZK 297,535.35 . GDP is expressed in constant national currency per person. Data are derived by dividing constant price GDP by total population.

GDP Per Capita (Current Prices, National Currency) for Czech Republic in year 2008 is CZK 358,974.13 . GDP is expressed in current national currency per person. Data are derived by dividing current price GDP by total population.

GDP Per Capita (Current Prices, US Dollars) for Czech Republic in year 2008 is US$ 21,027.48 . GDP is expressed in current U.S. dollars per person. Data are derived by first converting GDP in national currency to U.S. dollars and then dividing it by total population.

Output Gap, Percent of Potential GDP for Czech Republic in year 2008 is not available

GDP (PPP), US Dollars for Czech Republic in year 2008 is US$ 262.169 Billion. These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables. For further information see Box A2 in the April 2004 World Economic Outlook, Box 1.2 in the September 2003 World Economic Outlook for a discussion on the measurem

GDP Per Capita (PPP), US Dollars for Czech Republic in year 2008 is US$ 25,395.33 . These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables. For further information see Box A2 in the April 2004 World Economic Outlook, Box 1.2 in the September 2003 World Economic Outlook for a discussion on the measurem

GDP Share of World Total (PPP) for Czech Republic in year 2008 is 0.384 %. These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables. For further information see Box A2 in the April 2004 World Economic Outlook, Box 1.2 in the September 2003 World Economic Outlook for a discussion on the measurem

Implied PPP Conversion Rate for Czech Republic in year 2008 is 14.135 . These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables. For further information see Box A2 in the April 2004 World Economic Outlook, Box 1.2 in the September 2003 World Economic Outlook for a discussion on the measurem

Investment (% of GDP) for Czech Republic in year 2008 is not available

Gross National Savings (% of GDP) for Czech Republic in year 2008 is not available

Inflation, Average Consumer Prices (Indexed to Year 2000) for Czech Republic in year 2008 is 125.342 (Index, Base Year 2000 = 100). Data for inflation are averages for the year, not end-of-period data. The index is based on 2000=100.

Inflation (Average Consumer Price Change %) for Czech Republic in year 2008 is 6.339 %. Data for inflation are averages for the year, not end-of-period data.

Inflation, End of Year (Indexed to Year 2000) for Czech Republic in year 2008 is 123.536 (Index, Base Year 2000 = 100). Data for inflation are end of the period, not annual average data. The index is based on 2000=100.

Inflation (End of Year Change %) for Czech Republic in year 2008 is 3.614 %. Data for inflation are end of the period, not annual average data.

Six-month London Interbank Offered Rate (LIBOR) Change % for Czech Republic in year 2008 is not available

Unemployment Rate (% of Labour Force) for Czech Republic in year 2008 is 4.186 %.

Employment for Czech Republic in year 2008 is 4.975 Million .

Population for Czech Republic in year 2008 is 10.323 Million .

General Government Balance (National Currency) for Czech Republic in year 2008 is CZK -57.189 Billion. Data are on a national income accounts basis. Please refer to Box A1 in the World Economic Outlook for a summary of the policy assumptions underlying the projections.

General Government Balance (% of GDP) for Czech Republic in year 2008 is -1.543 %. Data are on a national income accounts basis. Please refer to Box A1 in the World Economic Outlook for a summary of the policy assumptions underlying the projections.

General Government Structural Balance (National Currency) for Czech Republic in year 2008 is not available

General Government Structural Balance (% Potential GDP) for Czech Republic in year 2008 is not available

General Government Net Debt (National Currency) for Czech Republic in year 2008 is not available

General Government Net Debt (% GDP) for Czech Republic in year 2008 is not available

General Government Gross Debt (National Currency) for Czech Republic in year 2008 is not available

General Government Gross Debt (% GDP) for Czech Republic in year 2008 is not available

Current Account Balance (US Dollars) for Czech Republic in year 2008 is US$ -6.669 Billion. Balance of payments data are based upon the methodology of the 5th edition of the International Monetary Fund's Balance of Payments Manual (1993). Data for the world total reflects errors, omissions, and asymmetries in balance of payments statistics on current account, as well as the exclusion of data for international organizations and a limited number of countries. Calculated as the sum of the balance of individual countries.

Current Account Balance (% GDP) for Czech Republic in year 2008 is -3.072 %. Balance of payments data are based upon the methodology of the 5th edition of the International Monetary Fund's Balance of Payments Manual (1993). Data for the world total reflects errors, omissions, and asymmetries in balance of payments statistics on current account, as well as the exclusion of data for international organizations and a limited number of countries. Calculated as the sum of the balance of individual countries.