National anthem:
name: "Kde domov muj?" (Where is My Home?)
lyrics/music: Josef Kajetan TYL/Frantisek Jan SKROUP
note: adopted 1993; the anthem is a verse from the former Czechoslovakian anthem originally written as part of the opera "Fidlovacka"
Economy ::Czech Republic
Economy - overview:
The Czech Republic is one of the most stable and prosperous of the post-Communist states of Central and Eastern Europe. Maintaining an open investment climate has been a key element of the Czech Republic's transition from a communist, centrally planned economy to a functioning market economy. As a member of the European Union, with an advantageous location in the center of Europe, a relatively low cost structure, and a well-qualified labor force, the Czech Republic is an attractive destination for foreign investment. Prior to its EU accession in 2004, the Czech government harmonized its laws and regulations with those of the European Union. The small, open, export-driven Czech economy grew by over 6% annually from 2005–2007 and by 2.5% in 2008. The conservative Czech financial system has remained relatively healthy throughout 2009. Nevertheless, the real economy contracted by 4.1% in 2009, mainly due to a significant drop in external demand as the Czech Republic's main export markets fell into recession. GDP is expected to grow by 2.4% in 2010, driven largely by a rebound in external demand, particularly from Gremany.
GDP (purchasing power parity):
$261.5 billion (2010 est.) country comparison to the world: 45 $256.9 billion (2009 est.)
$267.9 billion (2008 est.)
note: data are in 2010 US dollars
GDP (official exchange rate):
$195.2 billion (2010 est.)
GDP - real growth rate:
1.8% (2010 est.) country comparison to the world: 154 −4.1% (2009 est.)
2.5% (2008 est.)
GDP - per capita (PPP):
$25,600 (2010 est.) country comparison to the world: 53 $25,200 (2009 est.)
$26,200 (2008 est.)
note: data are in 2010 US dollars
GDP - composition by sector:
agriculture: 2.2%
industry: 38.3%
services: 59.5% (2010 est.)
Labor force:
5.37 million (2010 est.) country comparison to the world: 71
Labor force - by occupation:
agriculture: 3.6%
industry: 40.2%
services: 56.2% (2007)
Unemployment rate:
9.3% (2010 est.) country comparison to the world: 102 8.1% (2009 est.)
Population below poverty line:
NA%
Household income or consumption by percentage share:
lowest 10%: 4.3%
highest 10%: 22.4% (1996)
Distribution of family income - Gini index:
26 (2005) country comparison to the world: 131 25.4 (1996)
Investment (gross fixed):
22.5% of GDP (2010 est.) country comparison to the world: 60
Public debt:
40% of GDP (2010 est.) country comparison to the world: 72 34% of GDP (2009 est.)
Inflation rate (consumer prices):
1.6% (2010 est.) country comparison to the world: 44 1% (2009 est.)
Central bank discount rate:
1% (31 December 2009) country comparison to the world: 131 2.25% (31 December 2008)
Commercial bank prime lending rate:
5.99% (31 December 2009 est.) country comparison to the world: 134 6.25% (31 December 2008 est.)
Stock of narrow money:
$96.82 billion (31 December 2010 est) country comparison to the world: 32 $92.95 billion (31 December 2009 est)
Stock of broad money:
$138.6 billion (31 December 2010 est.) country comparison to the world: 46 $139 billion (31 December 2009 est.)
Stock of domestic credit:
$119.5 billion (31 December 2010 est.) country comparison to the world: 46 $118.8 billion (31 December 2009 est.)
Market value of publicly traded shares:
$52.69 billion (31 December 2009) country comparison to the world: 52 $48.85 billion (31 December 2008)
$73.42 billion (31 December 2007)
Agriculture - products:
wheat, potatoes, sugar beets, hops, fruit; pigs, poultry
Industries:
motor vehicles, metallurgy, machinery and equipment, glass, armaments
Industrial production growth rate:
3% (2010 est.) country comparison to the world: 113
Electricity - production:
82.72 billion kWh (2007 est.) country comparison to the world: 35
Electricity - consumption:
61.65 billion kWh (2007 est.) country comparison to the world: 41
Electricity - exports:
19.99 billion kWh (2008 est.)
Electricity - imports:
8.52 billion kWh (2008 est.)
Oil - production:
10,970 bbl/day (2009 est.) country comparison to the world: 83
Oil - consumption:
207,600 bbl/day (2009 est.) country comparison to the world: 54
Oil - exports:
29,670 bbl/day (2008 est.) country comparison to the world: 87
Oil - imports:
219,900 bbl/day (2008 est.) country comparison to the world: 42
Oil - proved reserves:
15 million bbl (1 January 2010 est.) country comparison to the world: 86
Natural gas - production:
176 million cu m (2009 est.) country comparison to the world: 76
Natural gas - consumption:
8.182 billion cu m (2009 est.) country comparison to the world: 51
Natural gas - exports:
1.111 billion cu m (2009 est.) country comparison to the world: 34
Natural gas - imports:
9.683 billion cu m (2009 est.) country comparison to the world: 23
Natural gas - proved reserves:
3.964 billion cu m (1 January 2010 est.) country comparison to the world: 92
Current account balance:
-$5.956 billion (2010 est.) country comparison to the world: 171 -$2.146 billion (2009 est.)
Exports:
$116.5