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Economy of the Czech Republic

Headquarters of Czech National Bank in Prague
CountryCzech Republic
Width270px
CaptionHeadquarters of Czech National Bank in Prague
CurrencyCzech koruna (Kc or CZK)
Yearcalendar year
OrgansEU, WTO (via EU membership) and OECD
Rank42nd (PPP)
Gdp260.6 billion $ PPP (2010 est.); 195.2 billion $ nominal (2010 est.)
Growth2.1% (2010 Bank of America est.)
Per Capita$26,100 PPP (2008 est.)
Sectorsagriculture: 2.6%, industry: 38.7%, services: 58.7% (2008 est.)
Inflation2.0% (November 2010)
PovertyN/A
Gini26 (2005)
Labor5.37 million (2008 est.)
Occupationsagriculture: 3.6%, industry: 40.2%, services: 56.2% (2007)
Unemployment7.0% (Feb. 2011)
Average Gross SalaryCZK 25,803 / - 1,069 / $ 1,534 per month (Q4 2010)
Industriesmotor vehicles, metallurgy, machinery and equipment, glass, armaments
Exports$141.4 billion FOB (2010 est.)
Export-goodsmachinery and transport equipment 52%, raw materials and fuel 9%, chemicals 5% (2003)
Export-partnersGermany 30.7%, Slovakia 8.7%, Poland 5.9%, France 5.4%, UK 5.1%, Italy 4.9%, Austria 4.6% (2007)
Imports$134.4 billion FOB (2010 est.)
Import-goodsmachinery and transport equipment 46%, raw materials and fuels 15%, chemicals 10% (2003)
Import-partnersGermany 31.8%, Netherlands 6.7%, Slovakia 6.4%, Poland 6.3%, Austria 5.1%, China 5.1%, Russia 4.5%, Italy 4.4%, France 4.1% (2007)
Gross External Debt$73.43 billion (2010 est.)
Debt34% of GDP (2009 est.)
Revenue$94.96 billion (2008 est.)
Expenses$99.46 billion (2008 est.)
Foreign ReservesUS$44.120 billion (April 2011)
Aid$2.4bn from EU funds (2004-06) 
CreditA+ (Domestic)
A (Foreign)
AA (T&C Assessment)
(Standard & Poor's)
Cianameez

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Of the emerging democracies in central and eastern Europe, the Czech Republic has one of the most developed industrialized economies. It is one of the most stable and prosperous of the post-Communist states of Central and Eastern Europe. GDP per capita at purchasing power parity was $26,800 in 2008, which is 82% of the EU average.

The principal industries are heavy and general machine-building, iron and steel production, metalworking, chemical production, electronics, transportation equipment, textiles, glass, brewing, china, ceramics, and pharmaceuticals. Its main agricultural products are sugarbeets (now largely destroyed by EU quota policies), fodder roots, potatoes, wheat, and hops.

Economy of the Czech Republic Video

The Stench of Truth 228 Call or write your legislators to ask that they allow the provisions of the Patriot Act which are due to expire at the end of this year, do so. Pakistani "terrorism" is cause for alarm, ushering in more direct US involvement. Afghan "strategy" is just more war. Economic "recovery" can't last as gold and the markets both go up, one has to give, I think it will be the markets. The EU, is now a new behemoth like the former USSR, no dissent. Disappointed by Ireland, but we still have the Czechs!
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Managers in poll: Czech economy has favourable outlooks - Prague Daily Monitor Tweet this news
Prague Daily Monitor--The index monitors opinions of chief executives of the largest companies from the -Czech Republic-, Poland, Hungary, Slovakia, Croatia and Romania. ... - Date : Thu, 14 Oct 2010 08:19:07 GMT+00:00
Czech police detain Ukraine's ex-Minister of Economy Danylyshyn - NRCU - Ukrainian Radio Tweet this news
NRCU - Ukrainian Radio--The National Central Bureau of Interpol in the -Czech Republic- reported Tuesday that Ukraine's former Minister of -Economy- Bohdan Danylyshyn, ... - Date : Wed, 20 Oct 2010 14:19:28 GMT+00:00
Tymoshenko Urges Czech Republic To Grant Political Asylum To Former Economy ... - Ukrainian News Agency Tweet this news
Ukrainian News Agency--Yulia Tymoshenko, leader of the Batkivschyna Party, urges the -Czech Republic- to grant political asylum to former -Economy- Minister Bohdan Danylyshyn. ... - Date : Tue, 26 Oct 2010 16:54:36 GMT+00:00
PwC: GDP to grow by 1.7% this year, by 2.1% in 2011 - Prague Daily Monitor Tweet this news
Prague Daily Monitor--"Germany is the largest trading partner of the -Czech Republic- and its outlooks for this year suggest that our -economy- may also perform better this and next ... - Date : Mon, 25 Oct 2010 07:43:25 GMT+00:00
CEE markets wrap: Micex at six-month high after G20 summit - Financial Times (blog) Tweet this news
Financial Times (blog)--In the -Czech Republic-, the Prague exchange was up 0.8 per cent to 1147.00. Komercni Bank was up 5.2 per cent after JP Morgan Chase raised its rating on the ... - Date : Mon, 25 Oct 2010 16:38:20 GMT+00:00

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