Main Sectors of Industry
The agricultural sector went through a serious crisis in the 1990s and remains highly subsidised. In 2018, it accounted for 2.19% of the country’s GDP and employed 2.78% of the labour force. The main agricultural products are sugar beet, potatoes, wheat, barley and poultry.
Industry accounts for 33.5% of GDP and employs 37.4% of the labour force. Growth in performance has been accompanied by an increase in the productivity of the labour force. The automotive sector is by far the largest industry, with companies like Skoda (owned by Volkswagen). Since 2005, foreign investors such as Toyota and PSA have also started producing cars in the Czech Republic. Czech cars are also the backbone of exports, which comprise as much as 80% of GDP.
Services contribute to 54.23% of the GDP and employ nearly 60% of the active population. The tourism sector maintains its pace of sustained growth, with the number of international arrivals rising to a record high of 10.6 million in 2018 (6.7 million visitors for Prague).
| Breakdown of Economic Activity By Sector | Agriculture | Industry | Services |
| Employment By Sector (in % of Total Employment) | 2.8 | 37.4 | 59.3 |
| Value Added (in % of GDP) | 2.2 | 33.5 | 54.2 |
| Value Added (Annual % Change) | 4.7 | 5.6 | 3.5 |
Czech Republic Economy Overview 