Mining, manufacturing and utilities contributed 28.1% to the gross value added (GVA) in 2023, followed by financial intermediation, real estate and business activities (20.9%), wholesale, retail and hotels activities (12.8%). In nominal terms, the three sectors are expected to grow by 8.2%, 8.3% and 7.9%, respectively, in 2024.
Four major regions in the Czech Republic generated around 65.2% of the country’s GDP in 2021 and comprised 51.1% of the country’s population, as of 2022, according to Eurostat.
The PX index has been on a volatile trend. As of January 3, 2024, the index stood at 1,414.0, compared to 1,218.9 on January 03, 2023.
PESTLE Insights provides 360 degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials and direction of operations
Along with providing the country’s snapshot, the report captures the risk factors pertaining to the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure and natural and geographic aspects that might impact business.
This report also highlights key clusters/cities which contribute significantly to the country GDP and population along with major companies’ presence in these areas.
Four major regions in the Czech Republic generated around 65.2% of the country’s GDP in 2021 and comprised 51.1% of the country’s population, as of 2022, according to Eurostat.
The PX index has been on a volatile trend. As of January 3, 2024, the index stood at 1,414.0, compared to 1,218.9 on January 03, 2023.
Scope
In October 2023, a loan agreement worth CZK24 billion ($1 billion) was signed between the European Investment Bank (EIB) and Czech Republic, to develop the country’s rail network.Reasons to Buy
Macroeconomic Outlook Report identifies the potentials of the country as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure.PESTLE Insights provides 360 degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials and direction of operations
Along with providing the country’s snapshot, the report captures the risk factors pertaining to the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure and natural and geographic aspects that might impact business.
This report also highlights key clusters/cities which contribute significantly to the country GDP and population along with major companies’ presence in these areas.
Table of Contents
- Did You Know?
- Country Highlights
- Key Economic Updates
- Country Snapshot
- Political Landscape
- Economic Landscape
- Social Landscape
- Technological Landscape
- Legal Landscape
- Environmental Landscape
- Outlook
Exhibit 1: Czech Republic’s performance in terms of the country’s risk analysis in comparison to Eastern Europe and the world
Exhibit 2: Performance overview (score: 0-100)
Exhibit 3: Broad categories and weights behind the index
Exhibit 4: PX index, (January 2023 - January 2024)
Exhibit 5: Key sectors contribution to the economy (2019-26f)
Exhibit 6: FDI flows and FDI by sector (2018-22)
Exhibit 7: FDI by countries and region (2018-22)
Exhibit 8: Key infrastructure indicators (2020)
Exhibit 9: Real GDP and household consumption growth rate (2019-26f)
Exhibit 10: Real GDP growth rate comparison (2023e)
Exhibit 11: Volume of exports and imports growth (2019-26f)
Exhibit 12: Current account balance (2019-26f)
Exhibit 13: Top three commodity exports, % of total exports (2018-22)
Exhibit 14: Exports of electrical machinery and equipment and parts thereof, % of world’s total (2022)
Exhibit 15: Interest rates (December 2018 - December 2023)
Exhibit 16: Exchange rate and inflation (2019-26f)
Exhibit 17: Public finance (2019-26f)
Exhibit 18: General government debt (2019-26f)
Exhibit 19: Unemployment rate (2019-26f)
Exhibit 20: Average annual wages (2019-26f)
Exhibit 21: Labor cost index (2019-26f)
Exhibit 22: Rural/urban share of total population (1995, 2005, 2015, 2025f)
Exhibit 23: Age-group share of total population (1995, 2005, 2015, 2025f)
Exhibit 24: Gender split (1995, 2005, 2015, 2025f)
Exhibit 25: Internet users as a percentage of total population, mobile penetration rate and broadband penetration rate (2023e)
Exhibit 26: Number of patents granted per million population (2022, or latest available year)
Exhibit 27: High technology exports, % of manufactured exports (2022, or latest available year)
Exhibit 28: Rule of law index (rankings) 2023
Exhibit 29: Corruption perceptions index (rankings) (2022)
Exhibit 30: Renewable energy, installed capacity (2019-23e)
Exhibit 31: CO2 emissions (2018-22)
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Jawa
- Avia
- CEZ Group
