HistoryCentral · Nation by Nation
HistoryCentral Est. 1996
Flag of Czech Republic
flag — Czech Republic
Nation by Nation

Czech Republic

Economy

$347.0 billion
GDP
World Bank · 2024
$31,823
GDP / Capita
World Bank · 2024
+1.2%
GDP Growth
World Bank · 2024
2.6%
Unemployment
World Bank · 2024

The Czech Republic has one of Central Europe's most prosperous and industrialized economies, deeply integrated into European, and especially German, manufacturing supply chains.

A skilled workforce and strong engineering tradition underpin a large export sector. The country is an EU member but retains its own currency, the koruna, and enjoys low unemployment.

Key Sectors

The automotive industry is the flagship sector, led by Škoda, alongside machinery, electronics and electrical equipment, metals, glass and ceramics, and a growing technology sector.

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