Prague, 7 January 2019 – In 2019, the Czech economy will grow at 2.2%. Owing to the ongoing shortage of workforce, salaries will keep rising (+6.5%) at an ever faster pace compared to work productivity. Inflation will remain at above 2% and the central bank’s currency policy should be less aggressive than last year. These areContinue reading “Czech Economy Forecast”
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Czech Industry
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 andContinue reading “Czech Industry”
Czech Republic Economy Data
The following table shows the the main economic indicators of Czech Republic Economy in previous years. Data is provided by Focus Economics. 2013 2014 2015 2016 2017 Population (million) 10.5 10.5 10.5 10.6 10.6 GDP per capita (EUR) 14,9 14,8 16,0 16,7 18,1 GDP (EUR bn) 157 156 169 176 192 Economic Growth (GDP, annualContinue reading “Czech Republic Economy Data”
Czech Republic Economic Overview
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 theContinue reading “Czech Republic Economic Overview”
Czech Republic Economy Overview 