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%.
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.
Czech Republic GDP from 1995 to 2024
The total market value of goods and services produced annually in Czech Republic.
Data Source: International Monetary Fund
Image Source: Freepik from www.flaticon.com
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 | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
1995 | $ 60B 139M | $ 5,820.04 | $ 14,160.41 | $ 146B 322M | 0 % | -2.276 % | 31.89 % | -12.115 % | 10M 333K people |
1996 | $ 67B 388M | $ 6,529.04 | $ 15,089.42 | $ 155B 743M | 4.525 % | -6.115 % | 29.99 % | -2.547 % | 10M 321K people |
1997 | $ 62B 171M | $ 6,030.63 | $ 15,288.14 | $ 157B 607M | -0.518 % | -5.735 % | 27.24 % | -2.816 % | 10M 309K people |
1998 | $ 66B 782M | $ 6,484.20 | $ 15,419.82 | $ 158B 811M | -0.357 % | -1.878 % | 29.06 % | -3.73 % | 10M 299K people |
1999 | $ 65B 173M | $ 6,333.86 | $ 15,869.11 | $ 163B 287M | 1.384 % | -2.246 % | 27.58 % | -2.624 % | 10M 290K people |
2000 | $ 61B 823M | $ 6,015.07 | $ 16,896.82 | $ 173B 667M | 4.001 % | -4.395 % | 27.55 % | -3.432 % | 10M 278K people |
2001 | $ 67B 809M | $ 6,627.10 | $ 17,883.17 | $ 182B 981M | 3.043 % | -4.826 % | 27.29 % | -5.426 % | 10M 232K people |
2002 | $ 82B 184M | $ 8,056.32 | $ 18,501.96 | $ 188B 742M | 1.57 % | -5.068 % | 25.55 % | -6.023 % | 10M 201K people |
2003 | $ 100B 125M | $ 9,823.29 | $ 19,559.73 | $ 199B 365M | 3.584 % | -5.689 % | 24 % | -6.442 % | 10M 193K people |
2004 | $ 119B 815M | $ 11,751.90 | $ 21,047.08 | $ 214B 582M | 4.814 % | -3.716 % | 26.31 % | -1.772 % | 10M 195K people |
2005 | $ 137B 143M | $ 13,446.94 | $ 23,132.13 | $ 235B 921M | 6.602 % | -2.092 % | 27.46 % | -2.375 % | 10M 199K people |
2006 | $ 156B 264M | $ 15,284.67 | $ 25,397.55 | $ 259B 654M | 6.767 % | -2.453 % | 27.93 % | -1.528 % | 10M 224K people |
2007 | $ 189B 988M | $ 18,527.74 | $ 27,456.36 | $ 281B 544M | 5.57 % | -4.589 % | 27.80 % | -0.023 % | 10M 254K people |
2008 | $ 237B 131M | $ 22,925.75 | $ 28,489.29 | $ 294B 677M | 2.686 % | -1.861 % | 29.47 % | -1.325 % | 10M 343K people |
2009 | $ 207B 558M | $ 19,908.15 | $ 27,114.08 | $ 282B 685M | -4.657 % | -2.256 % | 24.55 % | -4.485 % | 10M 426K people |
2010 | $ 209B 70M | $ 19,983.58 | $ 28,014.28 | $ 293B 88M | 2.435 % | -3.551 % | 23.81 % | -3.129 % | 10M 462K people |
2011 | $ 229B 563M | $ 21,890.78 | $ 29,027.24 | $ 304B 401M | 1.76 % | -2.087 % | 25.10 % | -1.636 % | 10M 487K people |
2012 | $ 208B 858M | $ 19,880.90 | $ 29,269.60 | $ 307B 490M | -0.785 % | -1.548 % | 24.81 % | -2.738 % | 10M 505K people |
2013 | $ 211B 686M | $ 20,129.62 | $ 30,812.68 | $ 324B 30M | -0.046 % | -0.526 % | 24.49 % | -0.193 % | 10M 516K people |
2014 | $ 209B 359M | $ 19,915.38 | $ 32,542.45 | $ 342B 100M | 2.262 % | 0.181 % | 26.19 % | -0.979 % | 10M 512K people |
