Czech Republic

Description of Czech Republic

The Czech Republic, nestled in the heart of Central Europe, boasts a rich history, vibrant culture, and a strategic location that has shaped its development over the centuries. As a former Eastern Bloc country that has successfully transitioned to a market economy, the Czech Republic stands out as a beacon of stability and prosperity in the region. With a highly skilled workforce, a strong industrial base, and a commitment to innovation, the country has emerged as a key player in the European Union. This website delves into the macroeconomic factors influencing the Czech Republic's growth and development, offering unique insights into its economic landscape and geopolitical significance.

Population And Age Structure

Population, total: The population of Czech Republic is 10,697,858, which is significantly below the average population of 40,097,746. Czech Republic ranks 86th out of 194 countries in terms of population.

Population ages 0-14 (% of total population): The percentage of the population ages 0-14 in Czech Republic is 15.96%, below the average of 27.34%. Czech Republic ranks 162nd out of 194 countries for this demographic.

Population ages 0-14, total: The total population in Czech Republic ages 0-14 is 1,707,572, which is notably below the average of 10,327,380. Czech Republic ranks 105th out of 194 countries for this age group.

Population ages 15-64 (% of total population): The percentage of the population ages 15-64 in Czech Republic is 63.87%, slightly above the average of 63.44%. Czech Republic ranks 108th out of 194 countries in this category.

Population ages 15-64, total: The total population in Czech Republic ages 15-64 is 6,833,074, significantly below the average of 26,003,407. Czech Republic ranks 86th out of 194 countries in this demographic.

Population ages 65 and above (% of total population): The percentage of the population ages 65 and above in Czech Republic is 20.16%, well above the average of 9.22%. Czech Republic ranks 15th out of 194 countries for this age group.

Population ages 65 and above, total: The total population in Czech Republic ages 65 and above is 2,157,212, below the average of 3,766,959. Czech Republic ranks 47th out of 194 countries for this demographic.

Summary

The analysis of key demographic indicators for Czech Republic reveals a population that is below the global average, with a significantly smaller share of young individuals (ages 0-14) and a higher proportion of elderly individuals (65 and above) compared to the global averages. This demographic distribution is crucial as it can impact various aspects of the economy, such as healthcare expenditures, workforce dynamics, and pension system sustainability, highlighting the need for tailored social and economic policies to address the country's unique demographic challenges.

Population Miscellaneous

1. The Rural population of the Czech Republic is 2,774,917, which is below the average rural population of 18,044,041.29. The country ranks 93 out of 190 countries in this regard.

2. The Rural population (% of total population) in the Czech Republic is 25.94%, lower than the average of 41.16%. The country ranks 133 out of 190 countries for this metric.

3. The Urban population in the Czech Republic stands at 7,922,941, below the average urban population of 22,425,747.38. The country ranks 74 out of 194 countries in urban population.

4. The Urban population (% of total population) is 74.06% in the Czech Republic, higher than the average of 59.69%. The country ranks 62 out of 194 countries regarding this statistic.

5. The Age dependency ratio (% of working-age population) in the Czech Republic is 56.56%, slightly below the average of 59.22%. The country ranks 87 out of 194 countries based on this ratio.

6. The Birth rate, crude (per 1,000 people) in the Czech Republic is 10.3, lower than the average of 19.38. The country ranks 152 out of 192 countries for this rate.

7. The Death rate, crude (per 1,000 people) is 12.1 in the Czech Republic, higher than the average of 8.21. The country ranks 22 out of 192 countries based on this rate.

8. The Fertility rate, total (births per woman) is 1.71 in the Czech Republic, lower than the average of 2.60. The country ranks 126 out of 190 countries for this metric.

Summary

The Czech Republic has a relatively low rural population and a higher urban population compared to global averages. The country also has a lower fertility rate and birth rate but a higher death rate compared to the global averages. These indicators suggest a trend towards urbanization and an aging population in the Czech Republic, which could have implications for future workforce capacity, healthcare needs, and economic development strategies.

Military

• The Czech Republic's military expenditure stands at $3.25 billion USD, significantly below the average of $12.9 billion USD. This places the Czech Republic at rank 47 out of 149 countries included in the data.

• The country's military expenditure as a percentage of GDP is 1.32%, lower than the average of 1.90%. This places the Czech Republic at rank 95 out of 148 countries.

• In terms of arms imports, the Czech Republic's value of $9 million is notably lower than the average of $205.5 million. This places the country at rank 86 out of 113 included nations.

• The Czech Republic's arms exports of $31 million are well below the average of $705.7 million, ranking the country at 27 out of 34 in the dataset.

• The total number of armed forces personnel in the Czech Republic is 27,000, considerably lower than the average of 165,908. This places the country at rank 92 out of 164 countries.

• With armed forces personnel accounting for 0.50% of the total labor force in the Czech Republic, this figure is below the average of 1.27%. The country is ranked 112 out of 164 countries in this metric.

Summary

The Czech Republic has relatively low military expenditure, arms imports, arms exports, and number of armed forces personnel compared to global averages. This indicates a more restrained approach to defense spending and military involvement, positioning the country as a more modest player in international defense affairs.

These indicators are important as they reflect the Czech Republic's strategic decisions regarding national security and military investments, showing a focus on efficiency and potentially prioritizing other areas of development over extensive defense capabilities.

Natural Resources

In terms of Forest area (sq. km), the Czech Republic has 26,770.9 sq. km, which is below the average of 211,606.11 sq. km, placing the country at rank 95 out of 191 countries in the dataset.

The Land area (sq. km) in the Czech Republic is 77,198.53, lower than the average of 665,166.51 sq. km. This places the Czech Republic at rank 114 out of 194 countries.

The Surface area (sq. km) of the Czech Republic is 78,871.01, below the average of 689,779.56 sq. km, ranking the country 117 out of 194 nations.

Czech Republic's Arable land (hectares) covers 2,484,154 hectares, which is less than the average of 7,329,543.16 hectares. This places the country at rank 74 out of 190 nations.

The Czech Republic's Land under cereal production (hectares) is at 1,344,870 hectares, below the average of 4,206,011.63 hectares, ranking the country at number 69 out of 174 nations.

The country's Average precipitation in depth (mm per year) is 677, lower than the average of 1,157.83 mm per year. This places the Czech Republic at rank 114 out of 178 countries.

Czech Republic's Renewable internal freshwater resources total 13.15 billion cubic meters, significantly below the average of 240.41 billion cubic meters, placing the country at rank 112 out of 178 countries.

Summary

The Czech Republic has below-average statistics in various key macroeconomic indicators such as forest area, land area, arable land, land under cereal production, average precipitation, and renewable internal freshwater resources. These indicators are crucial as they reflect the country's environmental sustainability, agricultural productivity, and water resource management capabilities, highlighting areas where the Czech Republic may need to focus on improving for long-term development and resilience.

Resource Rents

The Czech Republic's Total natural resources rents contribute 0.42% of its GDP, ranking 124th out of 175 countries. This value is significantly below the average of 4.63%.

Coal rents in the Czech Republic stand at 0.05% of GDP, ranking 28th out of 65 countries. This value is below the average of 0.40%.

Forest rents in the Czech Republic amount to 0.35% of GDP, placing it in 77th position out of 174 countries. This value is notably lower than the average of 1.53%.

Oil rents contribute 0.01% of the Czech Republic's GDP, ranking 103rd out of 117 countries. This is significantly below the average of 2.51%.

The Czech Republic's Natural gas rents are at 0.002% of GDP, ranking 83rd out of 96 countries. This value is notably below the average of 1.25%.

Summary

In terms of natural resource rents, the Czech Republic ranks below average across various resources including coal, forests, oil, and natural gas. These low rankings indicate that the country is not harnessing its natural resources to the extent seen in most other nations. This could impact the country's economic development, as efficient utilization of natural resources can drive economic growth, create employment opportunities, and generate revenue for further investment in infrastructure and social welfare programs.

Commodities

- In terms of Cereal production, the Czech Republic's value of 8,126,660 metric tons is significantly below the attribute average of 17,249,945.92 metric tons. The country is ranked 44th out of 174 countries in this statistic.

- The Aquaculture production of the Czech Republic, standing at 20,401 metric tons, is well below the attribute average of 679,642.92 metric tons. The country holds the 62nd rank out of 180 countries for this metric.

- For Capture fisheries production, the Czech Republic's 3,729 metric tons is notably lower than the attribute average of 467,453.06 metric tons. The country ranks 151st out of 190 countries in this aspect.

- The Total fisheries production in the Czech Republic is at 24,130 metric tons, considerably lower than the attribute average of 1,153,914.85 metric tons. The country holds the 121st rank out of 182 countries for this statistic.

- In terms of Fertilizer consumption (kilograms per hectare of arable land), the Czech Republic's value of 144.22 kg/ha is slightly below the attribute average of 159.04 kg/ha. The country is ranked 65th out of 187 countries in this metric.

Summary

Intellectual Property

Industrial design applications, nonresident, by count: The focus country value of 64 is significantly below the attribute average of 1415.83. The Czech Republic is ranked 82 out of 112 countries in this category.

Industrial design applications, resident, by count: The focus country value of 612 is below the attribute average of 9799.58. The Czech Republic is ranked 37 out of 113 countries in this category.

Patent applications, nonresidents: The focus country value of 56 is well below the attribute average of 6538.40. The Czech Republic is ranked 78 out of 129 countries in this category.

Patent applications, residents: The focus country value of 673 is significantly lower than the attribute average of 19037.56. The Czech Republic is ranked 41 out of 117 countries in this category.

Trademark applications, nonresident, by count: The focus country value of 4753 is below the attribute average of 15878.93. The Czech Republic is ranked 70 out of 130 countries in this category.

Trademark applications, resident, by count: The focus country value of 21458 is below the attribute average of 111055.78. The Czech Republic is ranked 34 out of 129 countries in this category.

Scientific and technical journal articles: The focus country value of 14994 is slightly below the attribute average of 15103.76. The Czech Republic is ranked 31 out of 192 countries in this category.

Charges for the use of intellectual property, payments (BoP, current US$): The focus country value of 1390422196.79 is significantly below the attribute average of 3218843494.39. The Czech Republic is ranked 34 out of 143 countries in this category.

Charges for the use of intellectual property, receipts (BoP, current US$): The focus country value of 692709322.85 is well below the attribute average of 3191687117.58. The Czech Republic is ranked 30 out of 122 countries in this category.

Researchers in R&D (per million people): The focus country value of 4194.95 is above the attribute average of 2556.45. The Czech Republic is ranked 20 out of 72 countries in this category.

Summary

The Czech Republic performs below the global average in key macroeconomic indicators such as industrial design applications, patent applications, trademark applications, and charges for the use of intellectual property. However, the country excels in the number of researchers engaged in R&D, surpassing the global average. These findings are important as they provide insights into the country's innovation landscape, competitiveness, and investment in research and development activities.

Broad Economy Attributes

- The GDP of the Czech Republic is $245.97 billion, which is below the average GDP of $442.87 billion. The country ranks 45th out of 189 countries in the dataset.

- The GDP, PPP of the Czech Republic is $469.88 billion, also below the average GDP, PPP of $734.14 billion. The country ranks 45th out of 181 countries.

- The GDP per capita of the Czech Republic is $22,992.88, above the average GDP per capita of $15,462.11. The country ranks 41st out of 190 countries.

- The GDP per capita, PPP of the Czech Republic is $43,922.52, significantly above the average GDP per capita, PPP of $21,251.89. The country ranks 30th out of 181 countries.

- The GNI of the Czech Republic is $233.71 billion, below the average GNI of $452.04 billion. The country ranks 46th out of 185 countries.

- The GNI, PPP of the Czech Republic is $446.45 billion, below the average GNI, PPP of $730.70 billion. The country ranks 44th out of 181 countries.

- The GNI per capita, PPP of the Czech Republic is $41,730, surpassing the average GNI per capita, PPP of $20,615.75. The country ranks 31st out of 181 countries.

Summary

The Czech Republic exhibits mixed performance in key macroeconomic indicators compared to global averages and ranks lower in GDP, GNI, and related per capita metrics. While GDP per capita and GNI per capita, PPP are relatively strong, the overall GDP and GNI figures are below average. These indicators are crucial as they reflect the country's economic size, productivity, and income levels, impacting foreign investment attractiveness, standard of living, and overall competitiveness within the global economy.

Broad Value Added

1. Gross value added at basic prices (GVA) (current US$): The focus country, Czech Republic, has a value of 223,874,322,766.881 which is below the attribute average of 360,070,943,595.1235. This places Czech Republic at rank 42 out of 176 countries in the dataset.

2. Agriculture, forestry, and fishing, value added (% of GDP): Czech Republic has a value of 1.96% which is below the attribute average of 10.86%. This places Czech Republic at rank 148 out of 182 countries in the dataset.

3. Agriculture, forestry, and fishing, value added (current US$): The focus country's value is 4,822,610,700.014 which is below the attribute average of 19,924,732,828.066864. Czech Republic ranks 73 out of 182 countries.

4. Services, value added (% of GDP): Czech Republic's value is 58.37%, above the attribute average of 56.72%. This places Czech Republic at rank 75 out of 183 countries.

5. Services, value added (current US$): The focus country has a value of 143,569,672,881.593 which is below the attribute average of 295,837,711,130.6942. Czech Republic is ranked 45 out of 183 countries.

6. Industry (including construction), value added (current US$): Czech Republic's value is 75,482,039,185.274 which is below the attribute average of 118,421,095,413.5021. This places Czech Republic at rank 41 out of 183 countries.

Summary

Czech Republic lags behind in key macroeconomic indicators such as Gross Value Added, Agriculture, Forestry, and Fishing value added, and Industry value added compared to the global average. However, it performs relatively better in Services value added. These statistics are crucial as they indicate the country's strengths and weaknesses in different sectors, guiding policymakers in strategic planning and resource allocation to boost economic growth and competitiveness.

Manufacturing Value Added

1. Manufacturing, value added (current US$): The Czech Republic's value of $52,520,804,385.99 is below the average of $76,207,179,589.66. It ranks 35th out of 173 countries in the dataset.

2. Manufacturing, value added (% of GDP): The Czech Republic's value of 21.35% is above the average of 11.90%. It holds the 13th rank out of 173 countries.

3. Medium and high-tech manufacturing value added (% manufacturing value added): The Czech Republic's value of 50.63% is significantly above the average of 24.49%. It ranks 11th out of 149 countries.

4. Chemicals (% of value added in manufacturing): The Czech Republic's value of 4.85% is below the average of 11.56%. It ranks 71st out of 89 countries in the dataset.

5. Food, beverages and tobacco (% of value added in manufacturing): The Czech Republic's value of 8.36% is below the average of 24.51%. It holds the 85th rank out of 92 countries.

6. Machinery and transport equipment (% of value added in manufacturing): The Czech Republic's value of 38.11% is above the average of 16.85%. It ranks 7th out of 93 countries.

7. Textiles and clothing (% of value added in manufacturing): The Czech Republic's value of 2.35% is below the average of 6.33%. It ranks 56th out of 93 countries.

8. Other manufacturing (% of value added in manufacturing): The Czech Republic's value of 46.33% is above the average of 42.13%. It ranks 33rd out of 94 countries.

Summary

The Czech Republic demonstrates a strong manufacturing sector, with a higher-than-average contribution to GDP and a significant focus on medium and high-tech manufacturing. However, it lags behind in chemical and food-related industries compared to global averages. The country's specialization in machinery and transport equipment manufacturing, in particular, positions it favorably on a global scale.

These findings are crucial for the Czech Republic as they highlight its competitive advantages and areas for potential improvement in the manufacturing sector. Understanding these key indicators can help policymakers make informed decisions to further enhance the country's industrial capabilities and international competitiveness.

Money

1. Inflation, consumer prices (annual %): The consumer price inflation in the Czech Republic is 3.16%, below the average of 8.26%. The country ranks 61 out of 165 countries in this data set.

2. Inflation, GDP deflator (annual %): The GDP deflator inflation for the Czech Republic is 4.32%, below the average of 6.90%. The country holds the 54th rank out of 188 countries.

3. Broad money growth (annual %): The broad money growth rate in the Czech Republic is 9.96%, below the average of 18.03%. Czech Republic is ranked 96th out of 139 countries in this metric.

4. Broad money (% of GDP): Broad money as a percentage of GDP in the Czech Republic is 92.05%, above the average of 71.75%. The country ranks 36th out of 139 countries.

5. Broad money to total reserves ratio: The broad money to total reserves ratio for Czech Republic is 1.36, below the average of 5.17. The country holds the 114th rank out of 126 countries included in this data set.

Summary

The Czech Republic demonstrates relatively low consumer price inflation, GDP deflator inflation, and broad money growth compared to global averages. However, the country has a high broad money as a percentage of GDP, indicating a significant money supply relative to its economic size. The rankings highlight the country's position in the global economy and its monetary policy effectiveness. These indicators are crucial for investors, policymakers, and economists to assess the stability and growth potential of the Czech economy.

Consumption Expenditure

Final consumption expenditure (current US$): The focus country value for the Czech Republic is $165.04 billion, which is significantly below the attribute average of $381.63 billion. The Czech Republic ranks 44th out of 159 countries in this attribute.

Final consumption expenditure (% of GDP): The Czech Republic's value is 67.10%, lower than the attribute average of 82.37%. The country ranks 137th out of 159 countries in this metric.

General government final consumption expenditure (current US$): The Czech Republic's value of $53.54 billion is below the attribute average of $93.68 billion. The country ranks 34th out of 158 countries.

General government final consumption expenditure (% of GDP): The Czech Republic's value is 21.76%, above the attribute average of 18.71%. The country ranks 43rd out of 158 countries.

Household and NPISHs Final consumption expenditure (current US$): The Czech Republic's expenditure is $111.51 billion, lower than the average of $290.13 billion. The country ranks 48th out of 158 countries in this category.

Households and NPISHs final consumption expenditure (% of GDP): The Czech Republic's value is 45.33%, below the average of 63.68%. The country ranks 139th out of 158 countries in this attribute.

Summary

The Czech Republic exhibits lower final consumption expenditure compared to the global average across various categories, indicating potential areas for economic growth and development. Despite ranking lower in these indicators, such as household and government expenditure as a percentage of GDP, this also signifies opportunities for increased domestic consumption, public investment, and potential policy adjustments to accelerate economic activity and improve living standards in the country.

Equities

1. Listed domestic companies, total: The Czech Republic has 20 listed domestic companies, which is significantly below the average of 636.625. This places the Czech Republic at rank 65 out of 72 countries.

2. Stocks traded, total value (current US$): The total value of stocks traded in the Czech Republic is 4,228,900,000 US$, much lower than the average of 1,379,501,950,182.9119 US$. This ranks the Czech Republic at 37 out of 71 countries.

3. Stocks traded, total value (% of GDP): The Czech Republic's stock value as a percentage of GDP is 1.72%, well below the average of 31.65%. This places the Czech Republic at rank 41 out of 71 countries.

4. Market capitalization of listed domestic companies (current US$): The market capitalization of listed domestic companies in the Czech Republic is 26,613,600,000 US$, significantly lower than the average of 1,196,037,851,618.8787 US$. The Czech Republic ranks 44 out of 73 countries.

5. Market capitalization of listed domestic companies (% of GDP): The Czech Republic's market capitalization of listed domestic companies as a percentage of GDP is 10.82%, which is below the average of 71.24%. This places the Czech Republic at rank 65 out of 73 countries.

6. S&P Global Equity Indices (annual % change): The S&P Global Equity Indices in the Czech Republic have experienced a -4.10% annual change, lower than the average of 2.06%. This ranks the Czech Republic at 46 out of 79 countries.

Summary

The Czech Republic lags behind global averages in key macroeconomic indicators related to its stock market performance and equity indices. With significantly fewer listed domestic companies, lower stock values, and market capitalization compared to the average, this indicates a less developed and competitive capital market. The underperformance in equity indices also suggests lower investor confidence and potential challenges in attracting foreign investment, impacting the overall economic growth and stability of the country.

Investment

Foreign direct investment, net (BoP, current US$): The Czech Republic has a net FDI of -6428184037.79855, which is significantly below the average of -1615235980.5053596. This places the Czech Republic at rank 153 out of 169 countries in the dataset.

Foreign direct investment, net inflows (BoP, current US$): The Czech Republic's net FDI inflow stands at 8515481807.56744, higher than the average of 5749271080.145696. This places the Czech Republic at rank 26 out of 182 countries.

Foreign direct investment, net inflows (% of GDP): With a value of 3.46193600434273, the Czech Republic exceeds the average of 2.609379547494923. It ranks 54 out of 178 countries in the dataset for this indicator.

Foreign direct investment, net outflows (BoP, current US$): The Czech Republic's net FDI outflow is 2087297238.8459, below the average of 5707991116.068991. The country ranks 34 out of 156 countries.

Foreign direct investment, net outflows (% of GDP): The Czech Republic's net FDI outflows as a percentage of GDP are 0.848582573038227, lower than the average of 1.00435052368164. The country is ranked 35 out of 155 countries for this metric.

Portfolio Investment, net (BoP, current US$): The Czech Republic's net portfolio investment is -5873157479.72393, significantly lower than the average of 679559169.5717607. This places the Czech Republic at rank 147 out of 159 countries.

Portfolio equity, net inflows (BoP, current US$): The Czech Republic's net portfolio equity inflows are 140988591.652505, well below the average of 9197145994.702154. The country ranks 31 out of 125 countries in this regard.

Summary

The Czech Republic has a mixed performance in terms of foreign direct investment and portfolio investment. It has a low net FDI but high FDI inflows, indicating potential for growth but also significant outward investment. The country's net portfolio investment is notably negative, highlighting a reliance on other forms of investment. These indicators are crucial as they reflect the country's attractiveness to foreign investors, its international financial activities, and its economic interconnectedness with the global market.

Broad Trade Attributes

Trade (% of GDP): The Czech Republic's trade accounts for 133.15% of its GDP, significantly above the average of 82.34%. This places the Czech Republic as the 22nd highest out of 163 countries included in the data.

Merchandise trade (% of GDP): The Czech Republic's merchandise trade constitutes 147.58% of its GDP, well above the average of 60.01%. This ranks the Czech Republic 10th out of 186 countries in the dataset.

Trade in services (% of GDP): The Czech Republic's trade in services stands at 19.39% of its GDP, below the average of 24.63%. This places the Czech Republic as the 65th out of 171 countries included in the analysis.

External balance on goods and services (current US$): The Czech Republic has an external balance on goods and services of $16,601,372,238.56, significantly higher than the average of $3,405,509,011.13. This ranks the Czech Republic 23rd out of 163 countries.

External balance on goods and services (% of GDP): The Czech Republic's external balance on goods and services as a percentage of GDP is 6.75%, above the average of -5.97%. This places the Czech Republic as the 16th out of 163 countries in the dataset.

Summary

The Czech Republic demonstrates a strong trade performance with its trade, merchandise trade, and external balance on goods and services all significantly higher than global averages, ranking 22nd, 10th, and 23rd respectively out of the countries analyzed. Additionally, the country's trade in services is slightly below the average but still competitive at 65th place. These indicators indicate the Czech Republic's robust integration in the global market, showcasing its economic openness and competitiveness.

Net Trade

Current account balance (BoP, current US$): The Czech Republic's current account balance is significantly above the average, ranking 27th out of 170 countries.

Current account balance (% of GDP): The Czech Republic's current account balance as a percentage of GDP is higher than the average, ranking 46th out of 170 countries.

Net trade in goods and services (BoP, current US$): The Czech Republic's net trade in goods and services is well above the average, ranking 22nd out of 171 countries.

Net primary income (BoP, current US$): The Czech Republic's net primary income is below the average, ranking 151st out of 170 countries.

Net secondary income (BoP, current US$): The Czech Republic's net secondary income is significantly below the average, ranking 143rd out of 170 countries.

Net trade in goods (BoP, current US$): The Czech Republic's net trade in goods is substantially above the average, ranking 26th out of 171 countries.

Net capital account (BoP, current US$): The Czech Republic's net capital account is way above the average, ranking 7th out of 159 countries.

Net financial account (BoP, current US$): The Czech Republic's net financial account is significantly above the average, ranking 24th out of 170 countries.

Summary

The Czech Republic consistently performs above average in key macroeconomic indicators such as current account balance, net trade in goods and services, net trade in goods, net capital account, and net financial account. However, it lags behind in net primary and secondary income. These statistics are crucial as they reflect the country's trade competitiveness, financial stability, and ability to attract investments, highlighting areas that may require further attention for sustainable economic growth and development.

Broad Export Attributes

The Czech Republic's Exports of goods, services and primary income amount to $182.80 billion, surpassing the average by $36.56 billion. This places the Czech Republic at rank 32 out of 170 countries in the dataset.

With Exports of goods and services totaling $172.84 billion, the Czech Republic outperforms the average by $49.90 billion. This places the country at rank 31 out of 170 countries.

The Czech Republic's Exports of goods and services in current US dollars is $172.06 billion, exceeding the average by $42.46 billion. The country ranks 32 out of 163 countries in this attribute.

At 69.95% of GDP, the Czech Republic's Exports of goods and services exceeds the average of 38.19%. This places the country at rank 18 out of 163 countries.

The Czech Republic's Goods exports amount to $146.77 billion, which is $53.46 billion higher than the average. The country ranks 30 out of 171 countries in this category.

International tourism receipts account for 2.25% of total exports for the Czech Republic, significantly lower than the average of 9.74%. This places the country at rank 82 out of 120 countries included in the dataset for this attribute.

ICT goods exports contribute to 17.96% of the Czech Republic's total goods exports, well above the average of 3.81%. This places the country at rank 8 out of 142 countries in this attribute.

Summary

The Czech Republic demonstrates strong performance in exports, consistently exceeding global averages across various categories such as total exports, goods exports, and ICT goods exports. This reflects the country's robust international trade presence and competitiveness in key sectors. The high percentage of GDP attributed to exports further underscores the importance of trade as a significant driver of the Czech Republic's economy.

Merchandise Exports

Merchandise exports in Czech Republic amount to $191.91 billion, which is significantly above the average of $89.54 billion, ranking 25th out of 187 countries.

Agricultural raw materials exports (% of merchandise exports) in Czech Republic are at 1.28%, below the average of 2.97%, ranking 71st out of 151 countries.

Food exports (% of merchandise exports) make up 4.69% in Czech Republic, well below the average of 24.06%, ranking 126th out of 152 countries.

Fuel exports (% of merchandise exports) constitute 1.20% in Czech Republic, much lower than the average of 13.70%, ranking 101st out of 147 countries.

Ores and metals exports (% of merchandise exports) stand at 1.22% in Czech Republic, below the average of 9.10%, ranking 118th out of 152 countries.

Merchandise exports by the reporting economy, residual (% of total merchandise exports) in Czech Republic account for 0.02%, significantly lower than the average of 3.20%, ranking 124th out of 166 countries.

Summary

Czech Republic has a strong overall merchandise export performance, ranking 25th out of 187 countries with exports amounting to $191.91 billion. However, the country has lower-than-average export shares in key sectors like agricultural raw materials, food, fuel, ores, and metals. This suggests a potential opportunity for Czech Republic to diversify its export base and increase competitiveness by tapping into higher-value export sectors.

Technology Exports

Manufactures exports (% of merchandise exports): Czech Republic's value is 91.21%, significantly above the average of 42.62%. This places Czech Republic at rank 5 out of 152 countries.

High-technology exports (current US$): Czech Republic's value is $39,603,323,141, which is much higher than the average of $16,655,934,078.80. Czech Republic ranks 15 out of 151 countries.

High-technology exports (% of manufactured exports): The Czech Republic's value is 22.58%, above the average of 10.15%. This places Czech Republic at rank 20 out of 150 countries.

Medium and high-tech exports (% manufactured exports): Czech Republic's value stands at 71.84%, well above the average of 34.29%. Czech Republic ranks 11 out of 149 countries for this attribute.

Summary

Czech Republic demonstrates a strong performance in key macroeconomic indicators related to exports. The country excels in manufacturing exports, high-technology exports both in absolute value and as a percentage of total exports, and medium to high-tech exports. These indicators suggest that Czech Republic has a diversified and advanced export-oriented economy, positioning it competitively in the global market and indicating a strong technological base within the country.

Service Exports

Service exports (BoP, current US$): The Czech Republic's value for service exports is below the attribute average, placing it at rank 33 out of 171 countries.

ICT service exports (BoP, current US$): The Czech Republic's value for ICT service exports is above the attribute average, ranking 26 out of 166 countries.

ICT service exports (% of service exports, BoP): The Czech Republic's percentage for ICT service exports is significantly higher than the attribute average, ranking 27 out of 166 countries.

Communications, computer, etc. (% of service exports, BoP): The Czech Republic exceeds the average in this category, securing the 53rd position out of 169 countries.

Transport services (% of service exports, BoP): The Czech Republic's percentage for transport services is higher than the average, placing it at rank 61 out of 169 countries.

Travel services (% of service exports, BoP): The Czech Republic's travel services percentage is below the average, ranking 106 out of 167 countries.

Insurance and financial services (% of service exports, BoP): The Czech Republic's figure for insurance and financial services is below the average, positioning it at rank 96 out of 161 countries.

Summary

The Czech Republic performs well in ICT service exports and communications, computer, etc. services compared to the global average, indicating strength in the tech and communications sectors. However, the country lags behind in travel services and insurance/financial services, areas that may require further development to enhance overall service export performance.

These findings are crucial as they highlight the Czech Republic's competitive advantages and weaknesses in the global service export market. By leveraging strengths in ICT and communications services while addressing deficiencies in travel and financial services, the country can strategically position itself for enhanced economic growth and competitiveness in the global marketplace.

Commercial Service Exports

Commercial service exports (current US$): The focus country, Czech Republic, has a value of $26,052,191,316.78 for this attribute, which is below the average of $28,508,218,402.80. Czech Republic ranks 32 out of 171 countries in this dataset.

Travel services (% of commercial service exports): Czech Republic's value of 13.80% for this attribute is below the average of 27.89%. The country ranks 109 out of 167 countries.

Computer, communications and other services (% of commercial service exports): With a value of 58.82%, Czech Republic surpasses the average of 42.44%. It holds the 50th rank out of 169 countries.

Insurance and financial services (% of commercial service exports): Czech Republic's value of 2.78% is below the average of 6.97% for this attribute. It ranks 99 out of 161 countries.

Transport services (% of commercial service exports): At 24.60%, Czech Republic slightly exceeds the average of 23.37% for this attribute. The country holds the 65th rank out of 169 countries.

Summary

The Czech Republic performs below average in commercial service exports and related sectors such as travel services and insurance/financial services. However, the country excels in computer, communications, and other services, surpassing the global average. These statistics are crucial as they reflect the country's strengths and weaknesses in different service sectors, highlighting areas for potential growth and improvement in the economy.

Broad Import Attributes

Imports of goods and services (current US$): The focus country's value of $155.45 billion is above the average of $126.19 billion. The Czech Republic ranks 32 out of 163 countries in this attribute.

Imports of goods and services (% of GDP): The focus country's value of 63.20% is above the average of 44.15%. The Czech Republic ranks 30 out of 163 countries in this attribute.

International tourism, expenditures (% of total imports): The focus country's value of 2.24% is below the average of 3.98%. The Czech Republic ranks 88 out of 131 countries in this attribute.

ICT goods imports (% total goods imports): The focus country's value of 20.10% is above the average of 6.85%. The Czech Republic ranks 6 out of 143 countries in this attribute.

Goods imports (BoP, current US$): The focus country's value of $134.51 billion is above the average of $92.01 billion. The Czech Republic ranks 28 out of 171 countries in this attribute.

Imports of goods and services (BoP, current US$): The focus country's value of $156.13 billion is above the average of $120.32 billion. The Czech Republic ranks 31 out of 170 countries in this attribute.

Imports of goods, services and primary income (BoP, current US$): The focus country's value of $176.62 billion is above the average of $144.51 billion. The Czech Republic ranks 32 out of 170 countries in this attribute.

Summary

The Czech Republic has above-average values in key import indicators such as Imports of goods and services, Imports of goods and services (% of GDP), and ICT goods imports. It also ranks relatively high globally in these indicators. These statistics are important as they indicate a high level of economic activity and integration with the global economy, showcasing the country's strong purchasing power and demand for foreign goods and services.

Merchandise Imports

- Czech Republic's merchandise imports amount to $171.1 billion, ranking 26th out of 190 countries. This value is significantly higher than the average of $89.4 billion.
- Manufactures imports account for 86.37% of Czech Republic's merchandise imports, ranking 1st out of 152 countries. This percentage is well above the average of 66.76%.
- Agricultural raw materials imports comprise only 0.94% of Czech Republic's merchandise imports, ranking 96th out of 152 countries. This proportion is below the average of 1.27%.
- Food imports represent 6.01% of Czech Republic's merchandise imports, ranking 149th out of 152 countries, significantly below the average of 15.89%.
- Fuel imports make up 3.55% of Czech Republic's merchandise imports, ranking 143rd out of 152 countries, well below the average of 11.38%.
- Ores and metals imports account for 2.69% of Czech Republic's merchandise imports, ranking 48th out of 152 countries, slightly above the average of 2.57%.
- Czech Republic's residual merchandise imports amount to 0.45% of total merchandise imports, ranking 85th out of 180 countries. This percentage is notably below the average of 2.51%.

Summary

The analysis of Czech Republic's key macroeconomic indicators reveals a strong reliance on manufactured goods, as they make up the majority of the country's merchandise imports. Conversely, the country imports a relatively small amount of agricultural raw materials, food, fuel, and ores/metals. This heavy emphasis on manufactured imports highlights the country's industrialized economy and its integration with global supply chains. It also suggests a potential need to diversify import sources to ensure supply chain resilience and mitigate risks associated with overreliance on specific sectors or countries.

Service Imports

1. Service imports (BoP, current US$): The Czech Republic's value for this attribute is $21,622,548,930.18, which is below the average of $27,615,356,170.47. The country ranks 35th out of 171 countries in this data set.

2. Communications, computer, etc. (% of service imports, BoP): The Czech Republic's value for this attribute is 52.76%, above the average of 44.40%. The country ranks 62nd out of 169 countries in this data set.

3. Transport services (% of service imports, BoP): The Czech Republic's value for this attribute is 25.58%, below the average of 32.90%. The country ranks 102nd out of 169 countries in this data set.

4. Travel services (% of service imports, BoP): The Czech Republic's value for this attribute is 15.64%, above the average of 14.14%. The country ranks 56th out of 169 countries in this data set.

5. Insurance and financial services (% of service imports, BoP): The Czech Republic's value for this attribute is 6.02%, below the average of 8.53%. The country ranks 91st out of 169 countries in this data set.

Summary

The Czech Republic demonstrates strengths in service imports, particularly in communications, computer, and travel services where it surpasses the global average. However, it lags in transport services and insurance/financial services imports. These indicators are crucial as they reflect the country's reliance on external services, its competitiveness in certain sectors, and its exposure to global market fluctuations.

Commercial Service Imports

Analysis of Commercial Service Imports (current US$): The focus country value for the Czech Republic is $21,573,794,617.83, ranking 35th out of 171 countries. This value is below the attribute average.

Analysis of Computer, Communications and Other Services (% of Commercial Service Imports): The Czech Republic's value is 52.65%, ranking 58th out of 169 countries. This percentage is above the attribute average.

Analysis of Insurance and Financial Services (% of Commercial Service Imports): The Czech Republic's value is 6.03%, ranking 93rd out of 169 countries. This percentage is below the attribute average.

Analysis of Transport Services (% of Commercial Service Imports): The Czech Republic's value is 25.64%, ranking 103rd out of 169 countries. This percentage is below the attribute average.

Analysis of Travel Services (% of Commercial Service Imports): The Czech Republic's value is 15.68%, ranking 56th out of 169 countries. This percentage is above the attribute average.

Summary

The Czech Republic has a significant commercial service imports value, ranking 35th globally. The country excels in Computer, Communications, and Other Services, and Travel Services, performing above average in these sectors. However, the Czech Republic lags in Insurance and Financial Services, and Transport Services, both below average. These indicators are crucial as they reflect the country's strengths and weaknesses in different service sectors, impacting its overall trade performance and economic competitiveness.

Infrastructure

For Railways, passengers carried, the Czech Republic's value of 6665.141 million passenger-km is below the average of 32281.917 million passenger-km. The country ranks 21st out of 64 countries in this attribute.

In terms of Railways, goods transported, the Czech Republic's value of 15250.611 million ton-km is also below the average of 119231.191 million ton-km. The country holds the 22nd rank out of 62 countries in this category.

For Air transport, freight, Czech Republic's value of 4.324 million ton-km is significantly below the average of 1384.365 million ton-km. The country ranks 84th out of 126 countries in this attribute.

Regarding Air transport, registered carrier departures worldwide, the Czech Republic's value of 9831.363 departures is below the average of 134365.605 departures. The country is ranked 81st out of 149 countries.

For Air transport, passengers carried, Czech Republic's value of 929888.181 passengers carried is notably below the average of 11848242.700 passengers carried. The country ranks 74th out of 149 countries in this aspect.

When it comes to Rail lines (total route-km), the Czech Republic's value of 9377 km is below the average of 12204.736 km. The country holds the 19th rank out of 66 countries in this category.

Summary

The Czech Republic falls below average in several key macroeconomic indicators related to railways and air transport, both in terms of passengers carried and goods transported. These rankings suggest a relatively weaker transportation infrastructure compared to other countries, which could impact the country's connectivity, trade efficiency, and overall economic competitiveness in the global market.

Information Technology Infrastructure

1. Secure Internet servers:
Czech Republic has 723,194 secure internet servers, ranking 18th out of 193 countries. This is 264,899 servers above the average for this attribute.

2. Secure Internet servers (per 1 million people):
With 67,601.76 secure internet servers per 1 million people, Czech Republic ranks 13th out of 193 countries. This is significantly higher than the average of 14,067.17 servers per 1 million people.

3. Individuals using the Internet (% of population):
Czech Republic has 81.34% of its population using the internet, ranking 61st out of 180 countries. This percentage is 16.57 points above the average.

4. Fixed broadband subscriptions:
The Czech Republic has 3,845,426 fixed broadband subscriptions. This places the country 38th out of 185 countries. The number of subscriptions is 2,746,530 below the average.

5. Mobile cellular subscriptions:
Czech Republic has 12,999,812 mobile cellular subscriptions, ranking 73rd out of 193 countries. This is 29,526,652 subscriptions below the average for this attribute.

Summary

The Czech Republic demonstrates a strong presence in secure internet servers both in total count and per capita, outperforming the global average significantly. While the country ranks reasonably well in internet usage among its population, there is room for growth in fixed broadband and mobile cellular subscriptions, as it falls below the global average in these areas. These indicators are crucial as they reflect the country's digital infrastructure readiness, connectivity levels, and potential for further technological advancements and economic development.

Energy Consumption

Regarding Renewable energy consumption (% of total final energy consumption), the Czech Republic's value of 16.97% is significantly below the average of 32.18%. This places the Czech Republic at a rank of 115 out of 191 countries in the dataset.

As for CO2 emissions (kt), the Czech Republic's emission of 88,835.2 kt is below the average of 171,895.94 kt. This positions the Czech Republic at the 38th rank out of 188 countries in the dataset.

Summary

The Czech Republic falls below the global average in both renewable energy consumption and CO2 emissions. With renewable energy consumption at only 16.97% and CO2 emissions at 88,835.2 kt, the country is ranked relatively lower compared to other nations. These statistics are crucial as they indicate the Czech Republic's progress towards sustainable energy practices and environmental conservation, highlighting areas for potential improvement to align with global sustainability goals.

Government Balance Sheet

1. Reserves and related items (BoP, current US$): The focus country, Czech Republic, has a value of $2,042,084,917.96 for this attribute, which is above the average of $1,924,407,186.58. The country ranks 27th out of 171 countries in the dataset.

2. Total reserves minus gold (current US$): Czech Republic's value of $165,548,768,707.07 is significantly higher than the average of $74,221,588,171.61. The country holds the 13th position out of 161 countries considered for this attribute.

3. Total reserves (includes gold, current US$): With a value of $166,125,554,207.07, Czech Republic surpasses the average of $85,708,019,773.47. The country ranks 18th out of 161 countries in the dataset.

4. Total reserves in months of imports: Czech Republic's value of 11.29 months is higher than the average of 7.10 months. The country holds the 25th position out of 151 countries analyzed for this attribute.

Summary

The Czech Republic performs above average in key macroeconomic indicators related to reserves and total reserves compared to a large dataset of countries. It ranks well in terms of reserves and related items, total reserves minus gold, total reserves including gold, and total reserves in months of imports. These indicators are crucial as they reflect the country's financial stability, ability to weather economic shocks, and readiness to meet international payment obligations.

Government Revenue

1. Revenue, excluding grants (% of GDP): The Czech Republic's value for this attribute is 32.07%, which is above the average of 27.02%. The country is ranked 36 out of 122 countries in this dataset.

2. Grants and other revenue (% of revenue): The Czech Republic's value for this attribute is 7.75%, below the average of 23.54%. The country is ranked 94 out of 108 countries in this dataset.

3. Social contributions (% of revenue): The Czech Republic's value for this attribute is 48.45%, significantly above the average of 22.29%. The country is ranked 2 out of 81 countries in this dataset.

4. Taxes on goods and services (% of revenue): The Czech Republic's value for this attribute is 27.00%, below the average of 31.82%. The country is ranked 88 out of 122 countries in this dataset.

5. Other taxes (% of revenue): The Czech Republic's value for this attribute is 0.05%, below the average of 2.12%. The country is ranked 95 out of 106 countries in this dataset.

6. Taxes on income, profits and capital gains (% of revenue): The Czech Republic's value for this attribute is 16.75%, below the average of 24.66%. The country is ranked 85 out of 119 countries in this dataset.

Summary

The Czech Republic has above-average revenue, excluding grants, and social contributions, indicating a strong fiscal position. However, it relies less on grants and more on taxes compared to other countries. This balance could signify a stable revenue stream but also potential challenges in maintaining competitiveness and efficiency in tax collection.

Taxes

1. Tax revenue (% of GDP): The Czech Republic's tax revenue is 14.37% of its GDP, which is below the average of 16.72%. This places the Czech Republic at rank 72 out of 123 countries in the dataset.

2. Taxes on income, profits and capital gains (% of total taxes): The Czech Republic's value for this attribute is 38.24%, slightly below the average of 38.40%. This ranks the Czech Republic 57th out of 120 countries.

3. Tariff rate, applied, weighted mean, all products (%): The Czech Republic has a tariff rate of 1.48%, significantly lower than the average of 5.21%. This places the Czech Republic at rank 116 out of 153 countries in the dataset.

Summary

The Czech Republic has relatively lower tax revenue as a percentage of its GDP, placing it below the global average. However, it performs better in terms of taxes on income, profits, and capital gains compared to the average, albeit still ranking in the second half. Moreover, the country maintains a significantly lower applied tariff rate on all products, positioning it as one of the least protectionist economies in the dataset. These indicators are crucial as they reflect the fiscal health, investment attractiveness, and openness to international trade of the Czech Republic, guiding policymakers and investors in understanding its economic landscape.

Government Expenses

Expense (% of GDP): The Czech Republic has an Expense (% of GDP) value of 38.43, which is above the average of 31.69. This places the Czech Republic at rank 35 out of 123 countries.

Compensation of employees (% of expense): The Czech Republic's value for Compensation of employees (% of expense) is 12.67, below the average of 24.70. This ranks the Czech Republic at 100 out of 123 countries.

Goods and services expense (% of expense): The Czech Republic's Goods and services expense (% of expense) stands at 7.48, below the average of 14.77. This places the Czech Republic at rank 96 out of 122 countries.

Interest payments (% of expense): The Czech Republic has an Interest payments (% of expense) value of 1.94, below the average of 6.85. The Czech Republic is ranked 99 out of 121 countries for this attribute.

Other expense (% of expense): The Czech Republic's Other expense (% of expense) is 5.17, which is below the average of 8.29. This places the Czech Republic at rank 71 out of 120 countries.

Subsidies and other transfers (% of expense): The Czech Republic has a Subsidies and other transfers (% of expense) value of 51.34, above the average of 43.29. The Czech Republic is ranked 39 out of 121 countries for this attribute.

Summary

The Czech Republic's macroeconomic indicators reveal a higher Expense (% of GDP) compared to the average, indicating a significant portion of its GDP is spent. However, the country ranks lower in Compensation of employees and Goods and services expense, suggesting lower spending on employee compensation and goods/services compared to its peers. This could impact the country's economic growth and development, as higher expenses and lower investments in human capital and goods/services may affect productivity and competitiveness in the long run.

Top Stats

Ranks in Top Decile For:

Attribute	Rank/Total
Population ages 65 and above (% of total population)	15/194
Manufacturing, value added (% of GDP)	13/173
Medium and high-tech manufacturing value added (% manufacturing value added)	11/149
Machinery and transport equipment (% of value added in manufacturing)	7/93
Merchandise trade (% of GDP)	10/186
External balance on goods and services (% of GDP)	16/163
Net capital account (BoP, current US$)	7/159
ICT goods exports (% of total goods exports)	8/142
Manufactures exports (% of merchandise exports)	5/152
High-technology exports (current US$)	15/151
Medium and high-tech exports (% manufactured exports)	11/149
ICT goods imports (% total goods imports)	6/143
Manufactures imports (% of merchandise imports)	1/152
Secure Internet servers	18/193
Secure Internet servers (per 1 million people)	13/193
Total reserves minus gold (current US$)	13/161
Social contributions (% of revenue)	2/81

Ranks in Bottom Decile For:

Attribute	Rank/Total
Food, beverages and tobacco (% of value added in manufacturing)	85/92
Broad money to total reserves ratio	114/126
Listed domestic companies, total	65/72
Foreign direct investment, net (BoP, current US$)	153/169
Portfolio Investment, net (BoP, current US$)	147/159
Food imports (% of merchandise imports)	149/152
Fuel imports (% of merchandise imports)	143/152