ECONOMIC INFORMATION

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Population: 10.2m

 

Population growth: -0.17%

Population density (people per sq. km): 132

UN Human Development Index ranking: 32/177

Gross national income (current US$): $68.7bn (2003)

Gross national income per capita: $6,740

PPP Gross national income: $159.7bn

PPP Gross national income per capita: $15,650

GDP growth: 2.9% (2003)

GDP breakdown Agriculture: 3.8%, Industry: 39.6%, Services: 56.7%

Inflation (12-month average): 2.9 (2003)

Gross capital formation as % of GDP: 28.2%

Final consumption expenditure as % of GDP: (growth) 74.2% (4.4%)

Exports of goods & services as % of GDP: 65.2%

Top 3 export markets: Germany, Slovakia, UK

Local industries: Metallurgy, machinery & equipment, motor vehicles, glass, armaments

WEF Growth Competitiveness ranking *: 40/104

WEF Business Competitiveness ranking **: 35/103

WEF Quality of the Business Environment ranking: 37/103

Transparency International Corruption Perceptions ranking: 51/145

Languages : Czech (official)

 

 

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FDI INFORMATION

Region: Eastern Europe

No. of projects (Jan-Sep 2004) : 252

Market-share of projects in the region: 12.6%

Value of projects relative to GDP : 29.6%

Top 3 destination sectors: Auto components, machinery & industrial goods, consumer electronics

Top 3 business functions: Manufacturing, retail, sales, marketing & support

Top 3 source countries: Germany, Japan, US

Top 3 investors: Volkswagen, Matsushita, Deutsche Post

 

IPA

 

Name: Czech Invest

 

Web address: www.czechinvest.org

* World Economic Forum Growth Competitiveness Ranking assesses an economy’s ability to grow consistently

** World Economic Forum Business Competitiveness Ranking assesses the microeconomic factors that contribute to economic growth

*** The difficulty of hiring workers and the difficulty and expense of firing workers is reflected as an index where the higher the value the more rigid the regulations