Main article: Czech Republic
GDP
Main article: Czech GDP
Financial system
Non-financial debt
2022: Aggregate non-financial debt
National debt
2023: State debt - 42% of GDP
2018: National debt per capita
2017: State debt - 35% of GDP
Inflation
2022
Inflation in November - 15.1%
Inflation in July - 17.5%
2021
Interest rate
Taxes
2019: Digital tax 7%
In November 2019, the Czech government approved the introduction of the so-called digital tax of 7%. It will have to be paid by large international companies with a turnover of 750 million euros in the world and 100 million crowns (3.91 million euros) in the Czech Republic, as well as with a user audience of more than 200 thousand people. Among them are Facebook and Google. Read more here.
Investments
2025: Investing billions of euros from the country's reserves in the purchase of bitcoins
The Czech National Bank (Central Bank of the Czech Republic) announced the investment of billions of euros from the country's reserves in the purchase of bitcoins. This was announced on January 29, 2025 by the head of the organization Ales Michl.
Central banks have traditionally placed reserves in more conservative assets, with some warning of the risks of using cryptocurrencies. At the same time, since taking office as head of the Czech Central Bank in 2022, Michl has led a campaign to diversify the bank's huge reserves through the gradual purchase of gold and the transfer of a significant share of funds to shares for sustainable profit. In the future, the possibility of acquiring cryptocurrencies is being considered.
 | Bitcoin deserves consideration for potential inclusion in reserves - this is an interesting asset, - said Michl. |  |
According to him, if the proposal receives approval, the Czech Central Bank will ultimately be able to keep up to 5% of its reserves in the amount of 140 billion euros in bitcoins. Michl believes that bitcoin will grow even without the support of the president, USA Donald Trump since for many people this is an alternative investment. At the same time, Michl stressed that bitcoin a thorough analysis should be carried out before making any decision regarding it.
Trump is expected to issue decrees aimed at reducing obstacles in the field of cryptocurrency regulation and promoting the widespread adoption of digital assets. The prospect of easing regulation of the cryptocurrency industry was enthusiastically welcomed by the market and provoked an increase in the bitcoin exchange rate after Trump's victory in the US presidential election in November 2024. At the end of January 2025, Trump ordered the creation of a working group on cryptocurrencies to develop new rules and study the possibility of forming a national cryptocurrency repository.[1]
2023: Foreign investment growth
The largest companies in the Czech Republic
2020
2018
Bankruptcy dynamics
Information Technology
Social media
IT & Telecommunications Market
- Main article: Czech IT market
- Main article: Communication (Czech market)
R&D
2020: R&D spending - $6.7 billion
Power
Nuclear power plants
Main article: Czech Nuclear Power Plants
2022: Rise in electricity prices due to pressure on Russia
from
2021: Coal is the country's main energy source
2020: Average energy consumption per capita
and
Energy carriers
2022: Replacement of Russian gas for supplies from Norway
The Czech Republic is a member of the Three Seas Initiative, aimed at countering Russia.
The share of Russian gas in the Czech Republic decreased in 2022 from 97% to 4%. Supplies from Russia were replaced with gas from Norway, Czech Prime Minister Petr Fiala said in January 2023.
2020
Transport
2021: Average train speed - 95.8 km/h
Automotive market
2021
Driving penalty with phone in hand €40
1.11 million cars produced
Foreign trade
2024
Russia is the largest oil supplier
In 2024, Russia became the largest oil supplier to the Czech Republic, exporting 2.7 million tons of raw materials, which amounted to 42% of the country's total imports. Such data were presented on February 17, 2025 by the Czech Ministry of Industry and Trade with reference to the National Statistical Office (CZSO).
According to Interfax, the total volume of oil imports to the country decreased by 12% compared to 2023 and amounted to 6.5 million tons.
Despite a 1.6-fold reduction in supplies, Russia retained the position of the largest oil supplier to the Czech Republic. The second place was taken by Azerbaijan, which increased exports 1.3 times to 2.6 million tons. On the third position is Kazakhstan, which also increased supplies 1.3 times to 1 million tons.
Norway supplied 102.8 thousand tons of oil, and Guyana - 58.4 thousand tons. The United States and Iraq, which exported 181.4 thousand tons and 61.8 thousand tons in 2023, respectively, did not conclude supply contracts in 2024.
The main oil transportation route was the IKL (Ingolstadt Kralupy Litvinov) oil pipeline, which provided 58% of supplies. This pipeline connects the Czech Republic with the TAL transalpine oil pipeline in the German city of Ingolstadt, which runs from the port city of Trieste in northeastern Italy to Germany. The Druzhba oil pipeline delivered 42% of the raw materials.
Czech pipeline operator Mero completed major work to expand the TAL pipeline in January 2025. The TAL-PLUS project aims to increase oil supplies to the Czech Republic by 4 million tons per year from 2025. Investments in the implementation of the project amounted to about $70 million.
TAL capacity expansion works have affected facilities in four countries - Italy, Austria, Germany and the Czech Republic. The pipeline is connected to the Mero infrastructure in Bavarian Faubourg, from where oil enters the Czech Republic through the IKL pipeline. Through the western route of these two oil pipelines, the country will be able to receive up to 8 million tons of raw materials per year, which will fully meet the needs of Czech oil refineries.[2]
Direct deliveries to Russia with indication in the documents of Kyrgyzstan
In April 2024, exports to Russia through third countries in Central Asia continue to remain at a record level. Kyrgyzstan is a key hub for transshipment, with exports from European countries never arriving in Bishkek. Kyrgyzstan is what is indicated in the bill, but these goods go directly to Russia.
2023: Continued trade with Russia through Central Asian countries
2022
Germany is the largest export destination
Trade deficit with China
Czech Republic continues to export beer to Russia amid conflict in Ukraine
Czech Republic continues to supply beer Russia in defiance of EU sanctions during the conflict on. To Ukraine The export of beer to the Russian Federation from Czech Republic is carried out through intermediaries according to the parallel import scheme. Companies do not want to lose the profit they made in the vast Russian market.
In January-September 2022, the Czech Republic exported 248 hectoliters of beer to the Russian Federation. A year earlier, during this period, the volume of exports to Russia was 390 hectoliters. Deliveries decreased, but did not stop. Alta Soft
2019: Computer Device Exports
2018
Tourism
2019: More than 30% of the population went on tourist trips. Slovakia is the most popular country
2018
Tourism revenues
Number of foreign tourists
Pyrotechnics
Agriculture
2021: 2.7% of workers are employed in agriculture
2019: Low use of pesticides in agriculture
Food industry
2021: Cheese production - 14.9 kg per capita
Labour market
2022: Proportion of workers aged 65 or over - above 5%
2019: Average labor productivity - $40.93 per hour
Unemployment
2023: Youth unemployment - 13.7%
2022: Unemployment rate - 2.4%
2020: Unemployment rate - 3.1%
Incomes of the population
2023: Minimum wage - $643
2022: Decrease in real income per employee in the third quarter by 8.9%
in
2021: Average net income per employee - 10.6 thousand euros per year
2018: Salaries of top officials in government management
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2017: Average monthly salary - €870
Consumption
2023: Pork is the most consumed type of meat
2019
Pork is the most consumed type of meat
Beer consumption in liters per year per person
2018
Per capita tea consumption per kg per year
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Consumption of 173 litres of milk per year per person
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Minimum age to purchase alcoholic beverages
Notes
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