The Czech Republic’s economic freedom score is 73.7, making its economy the 23rd freest in the 2019 Index. Its overall score has decreased by 0.5 point, with lower scores for judicial effectiveness and monetary freedom overwhelming modest improvements in government spending and property rights. The Czech Republic is ranked 13th among 44 countries in the Europe region, and its overall score is above the regional and world averages.
Amid rising populism and political polarization, the government has been pulled slightly to the left by its Communist and other left-leaning coalition partners but is expected to continue pro-EU, pro-business, and fiscally prudent policies. Implementation of critical reforms by previous administrations streamlined business start-up procedures, embedded a relatively efficient tax regime to facilitate entrepreneurial growth, and institutionalized an openness to global trade and investment. Contributing to overall stability and competitiveness, a relatively sound legal framework sustains judicial effectiveness and government integrity.
Czech Republic Economy Overview 