Czech Republic's GDP changed from approximately $60B 139M in 1995 to $325B 880M in 2024, showing an overall 441.9% sharply increased during the period.
The lowest GDP was recorded in 1995 at $60B 139M, and the highest in 2023 at $332B 25M.
Over the 29-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 6.0%.
For comparison, the average annual growth rate of Poland was 6.3%, and that of Slovakia was 7.8%.
Czech Republic GDP from 1995 to 2024
The total market value of goods and services produced annually in Czech Republic.
Overview of Czech Republic's GDP (1995–2024)
The Gross Domestic Product (GDP) of Czech Republic recorded a 441.9% sharply increased from 1995 to 2024.
The average GDP during this period was $177B 691M, and the median was $201B 915M.
GDP fluctuated within a range of $271B 886M, with a standard deviation of $84B 812M.
The average annual change was $9B 158M.
Highest and Lowest GDP Records
- Lowest GDP: 1995, $60B 139M
- Highest GDP: 2023, $332B 25M
- Most Recent GDP: 2024, $325B 880M
Notable Annual GDP Changes
- 2008: Significant increase in GDP
- 2009: Noticeable drop in GDP
Overall pattern: overall increase with some decline
Global Economic Events and Czech Republic's GDP
COVID-19 Pandemic (2020)
- Period: From 2019 to 2020
- GDP Change: $252B 548M → $245B 975M
- Outcome: declined
2008 Global Financial Crisis
- Period: From 2007 to 2009
- GDP Change: $189B 988M → $207B 558M
- Outcome: increased
2001 Dot-com Bubble Burst
- Period: From 2000 to 2001
- GDP Change: $61B 823M → $67B 809M
- Outcome: increased
1998 Asian Financial Crisis
- Period: From 1997 to 1998
- GDP Change: $62B 171M → $66B 782M
- Outcome: increased
Key Economic Indicators of Czech Republic (1995–2024)
| year | GDP Growth | Nominal GDP | PPP GDP | GDP per Capita | PPP per Capita | Savings | Population | Current Account | Fiscal Balance |
|---|---|---|---|---|---|---|---|---|---|
1995 | 0 % | $ 60B 139M | $ 146B 322M | $ 5,820.04 | $ 14,160.41 | 31.89 % | 10M 333K people | -2.276 % | -12.115 % |
1996 | 4.525 % | $ 67B 388M | $ 155B 743M | $ 6,529.04 | $ 15,089.42 | 29.99 % | 10M 321K people | -6.115 % | -2.547 % |
1997 | -0.518 % | $ 62B 171M | $ 157B 607M | $ 6,030.63 | $ 15,288.14 | 27.24 % | 10M 309K people | -5.735 % | -2.816 % |
1998 | -0.357 % | $ 66B 782M | $ 158B 811M | $ 6,484.20 | $ 15,419.82 | 29.06 % | 10M 299K people | -1.878 % | -3.73 % |
1999 | 1.384 % | $ 65B 173M | $ 163B 287M | $ 6,333.86 | $ 15,869.11 | 27.58 % | 10M 290K people | -2.246 % | -2.624 % |
2000 | 4.001 % | $ 61B 823M | $ 173B 667M | $ 6,015.07 | $ 16,896.82 | 27.55 % | 10M 278K people | -4.395 % | -3.432 % |
2001 | 3.043 % | $ 67B 809M | $ 182B 981M | $ 6,627.10 | $ 17,883.17 | 27.29 % | 10M 232K people | -4.826 % | -5.426 % |
2002 | 1.57 % | $ 82B 184M | $ 188B 742M | $ 8,056.32 | $ 18,501.96 | 25.55 % | 10M 201K people | -5.068 % | -6.023 % |
2003 | 3.584 % | $ 100B 125M | $ 199B 365M | $ 9,823.29 | $ 19,559.73 | 24 % | 10M 193K people | -5.689 % | -6.442 % |
2004 | 4.814 % | $ 119B 815M | $ 214B 582M | $ 11,751.90 | $ 21,047.08 | 26.31 % | 10M 195K people | -3.716 % | -1.772 % |
2005 | 6.602 % | $ 137B 143M | $ 235B 921M | $ 13,446.94 | $ 23,132.13 | 27.46 % | 10M 199K people | -2.092 % | -2.375 % |
2006 | 6.767 % | $ 156B 264M | $ 259B 654M | $ 15,284.67 | $ 25,397.55 | 27.93 % | 10M 224K people | -2.453 % | -1.528 % |
2007 | 5.57 % | $ 189B 988M | $ 281B 544M | $ 18,527.74 | $ 27,456.36 | 27.80 % | 10M 254K people | -4.589 % | -0.023 % |
2008 | 2.686 % | $ 237B 131M | $ 294B 677M | $ 22,925.75 | $ 28,489.29 | 29.47 % | 10M 343K people | -1.861 % | -1.325 % |
2009 | -4.657 % | $ 207B 558M | $ 282B 685M | $ 19,908.15 | $ 27,114.08 | 24.55 % | 10M 426K people | -2.256 % | -4.485 % |
2010 | 2.435 % | $ 209B 70M | $ 293B 88M | $ 19,983.58 | $ 28,014.28 | 23.81 % | 10M 462K people | -3.551 % | -3.129 % |
2011 | 1.76 % | $ 229B 563M | $ 304B 401M | $ 21,890.78 | $ 29,027.24 | 25.10 % | 10M 487K people | -2.087 % | -1.636 % |
2012 | -0.785 % | $ 208B 858M | $ 307B 490M | $ 19,880.90 | $ 29,269.60 | 24.81 % | 10M 505K people | -1.548 % | -2.738 % |
2013 | -0.046 % | $ 211B 686M | $ 324B 30M | $ 20,129.62 | $ 30,812.68 | 24.49 % | 10M 516K people | -0.526 % | -0.193 % |
2014 | 2.262 % | $ 209B 359M | $ 342B 100M | $ 19,915.38 | $ 32,542.45 | 26.19 % | 10M 512K people | 0.181 % | -0.979 % |