Subdued recovery amid rebalancing of fiscal and external imbalances
BB2
MEDIUM RISK for entreprise
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
Updated in August 2024.
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GDP | USD290.9bn (World ranking 47, World Bank 2022) |
Population | 10.5mn (World ranking 87, World Bank 2022) |
Form of state | Parliamentary Republic |
Head of government | Petr Fiala (Prime Minister) |
Next elections | September-October 2024, legislative (Senate) |
Strengths & Weaknesses
![Strenghts](/content/onemarketing/aztrade/allianz-trade_com/en_global/economic-research/country-reports/Czech-Republic/_jcr_content/root/parsys/wrapper/wrapper/multi_column_grid_co/grid-0-par/wrapper_copy_copy/wrapper/image.img.82.3360.png/1720687529774/plus.png)
- EU membership and good international relations
- High income economy with fairly strong underlying macroeconomic fundamentals
- Favorable public finances
- Manageable external debt burden
- Sound banking sector that has proven resilient to adverse shocks
- Favorable business environment
![Weaknesses](/content/onemarketing/aztrade/allianz-trade_com/en_global/economic-research/country-reports/Czech-Republic/_jcr_content/root/parsys/wrapper/wrapper/multi_column_grid_co/grid-1-par/wrapper_copy/wrapper/image.img.82.3360.png/1720687542983/minus.png)
- History of fragile coalition governments
- Often ineffective poliycmaking and slow reform progress
- High export and import dependencies
- Unfavorable export structure
Economic Overview
Trade structure by destination/origin
(% of total, annual 2021)
Exports | Rank | Imports |
---|---|---|
Germany
32.4%
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1 |
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Slovakia
8.1%
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2 |
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Poland
6.7%
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3 |
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France
4.6%
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4 |
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Austria
4.5%
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5 |
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Trade structure by product
(% of total, annual 2021)
Exports | Rank | Imports |
---|---|---|
Road vehicles
18.0%
|
1 |
11.7%
Electrical machinery, apparatus and appliances, n.e.s.
|
Electrical machinery, apparatus and appliances, n.e.s.
10.5%
|
2 |
8.8%
Road vehicles
|
Office machines and automatic data processing machines
8.1%
|
3 |
8.3%
Office machines and automatic data processing machines
|
Other industrial machinery and parts
6.6%
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4 |
6.6%
Telecommunication and sound recording apparatus
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Telecommunication and sound recording apparatus
6.6%
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5 |
5.0%
Other industrial machinery and parts
|
Collection Complexity
The Allianz Trade Collection Complexity Score provides a simple assessment of how easy it is to collect debt around the world. The 2022 edition covers 49 countries that represent nearly 90% of global GDP and 85% of global trade.
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