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Economy of Austria vs Czech Republic compared: GDP & Debt

Updated on by Georank

Austria has a GDP of $579B compared to $391B for the Czech Republic, ranking 29/197 and 42/197 by economy size, respectively.

Austria has $466B in government debt (80.5% of GDP), compared to $174B (44.6% of GDP) in the Czech Republic.

Austria vs Czech Republic GDP by year

Austria
Czech Republic
1x
Year GDP, current $
Austria Czech Republic
2025 $579,470,021,095 $391,026,962,800
2024 $534,790,720,467 $347,082,562,221
2023 $516,670,509,629 $345,059,295,660
2022 $473,221,298,968 $301,831,228,326
2021 $480,466,363,177 $290,972,714,482
2020 $434,397,601,558 $251,109,660,603
2019 $442,983,642,372 $256,794,209,029
2018 $452,582,294,973 $251,992,360,762
2017 $414,926,138,133 $221,563,575,696
2016 $393,687,359,770 $198,160,659,304
2015 $379,546,097,301 $189,107,698,562
2014 $438,556,021,078 $210,911,285,078
2013 $426,580,502,769 $213,024,360,541
2012 $406,750,487,604 $210,363,223,088
2011 $428,954,737,064 $231,429,378,717
2010 $389,827,789,218 $211,168,667,286
2009 $399,290,118,782 $206,971,882,705
2008 $429,234,399,096 $236,506,264,754
2007 $386,760,177,589 $190,040,702,287
2006 $333,905,979,332 $156,236,258,387
2005 $313,952,317,331 $137,264,185,596
2004 $299,210,411,455 $120,147,899,984
2003 $260,779,834,340 $100,435,924,705
2002 $212,837,224,023 $82,607,869,610
2001 $196,477,206,829 $68,135,304,464
2000 $196,181,599,831 $62,175,642,238
1999 $216,421,809,126 $65,586,562,605
1998 $217,068,085,816 $67,187,217,328
1997 $211,724,812,267 $62,539,765,163
1996 $235,952,581,232 $67,804,105,330
1995 $240,094,169,510 $60,572,381,311
1994 $202,738,023,130 $48,188,478,339
1993 $189,634,029,339 $41,155,654,032
1992 $194,314,032,056 $35,051,065,440
1991 $173,113,449,617 $30,071,014,282
1990 $165,811,372,383 $41,016,881,802
1989 $132,584,448,258 -
1988 $132,817,124,707 -
1987 $123,682,091,859 -
1986 $98,648,254,169 -
1985 $69,114,996,010 -
1984 $67,719,055,773 -
1983 $71,838,528,420 -
1982 $70,996,111,963 -
1981 $70,755,997,062 -
1980 $81,737,498,405 -
1979 $73,647,694,287 -
1978 $61,809,208,756 -
1977 $51,343,861,460 -
1976 $42,791,707,448 -
1975 $39,902,300,703 -
1974 $35,051,468,640 -
1973 $29,399,860,145 -
1972 $21,973,207,929 -
1971 $17,788,536,733 -
1970 $15,312,791,744 -
1969 $13,647,475,854 -
1968 $12,499,863,917 -
1967 $11,634,569,522 -
1966 $10,939,526,219 -
1965 $10,041,659,445 -
1964 $9,213,648,656 -
1963 $8,414,050,621 -
1962 $7,793,042,529 -
1961 $7,346,566,038 -
1960 $6,624,086,313 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/austria/czech-republic | CC BY

GDP per capita in Austria vs Czech Republic by year

Austria
GDP per capita

GDP per capita, PPP
Czech Republic
GDP per capita

GDP per capita, PPP
1x
Year Current $
Austria Czech Republic
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $62,930 - $35,917 -
2024 $58,269 $73,911 $31,828 $57,285
2023 $56,580 $73,545 $31,762 $55,761
2022 $52,337 $72,065 $28,282 $52,947
2021 $53,649 $62,969 $27,696 $47,796
2020 $48,716 $58,523 $23,473 $44,839
2019 $49,886 $60,355 $24,063 $45,614
2018 $51,194 $56,636 $23,706 $41,638
2017 $47,164 $53,870 $20,913 $39,346
2016 $45,061 $52,398 $18,754 $36,445
2015 $43,915 $49,549 $17,932 $34,093
2014 $51,315 $48,355 $20,038 $32,743
2013 $50,305 $47,520 $20,260 $31,013
2012 $48,250 $46,156 $20,014 $29,466
2011 $51,117 $44,172 $22,049 $29,237
2010 $46,611 $41,735 $20,160 $28,154
2009 $47,857 $40,687 $19,817 $27,713
2008 $51,581 $41,047 $22,775 $27,938
2007 $46,623 $39,192 $18,453 $26,268
2006 $40,382 $37,388 $15,259 $23,914
2005 $38,157 $34,777 $13,442 $22,115
2004 $36,614 $33,519 $11,783 $20,988
2003 $32,110 $31,959 $9,852 $19,604
2002 $26,335 $30,952 $8,101 $18,344
2001 $24,430 $29,553 $6,669 $17,709
2000 $24,487 $29,221 $6,063 $16,332
1999 $27,079 $27,500 $6,378 $15,494
1998 $27,212 $26,531 $6,527 $15,064
1997 $26,572 $25,301 $6,069 $14,911
1996 $29,646 $24,427 $6,573 $14,781
1995 $30,207 $23,604 $5,865 $13,957
1994 $25,546 $22,553 $4,663 $12,862
1993 $23,987 $21,647 $3,984 $12,242
1992 $24,783 $21,209 $3,397 $11,963
1991 $22,323 $20,536 $2,917 $11,768
1990 $21,596 $19,396 $3,969 $12,848
1989 $17,401 - - -
1988 $17,510 - - -
1987 $16,329 - - -
1986 $13,032 - - -
1985 $9,136 - - -
1984 $8,956 - - -
1983 $9,500 - - -
1982 $9,373 - - -
1981 $9,348 - - -
1980 $10,827 - - -
1979 $9,755 - - -
1978 $8,173 - - -
1977 $6,784 - - -
1976 $5,656 - - -
1975 $5,265 - - -
1974 $4,613 - - -
1973 $3,875 - - -
1972 $2,913 - - -
1971 $2,372 - - -
1970 $2,051 - - -
1969 $1,834 - - -
1968 $1,686 - - -
1967 $1,577 - - -
1966 $1,494 - - -
1965 $1,381 - - -
1964 $1,275 - - -
1963 $1,173 - - -
1962 $1,093 - - -
1961 $1,037 - - -
1960 $940 - - -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/austria/czech-republic | CC BY

Austria's GDP per capita is $62,930, ranking 16/197, compared to $35,917 in the Czech Republic, ranking 35/197. Adjusted for purchasing power (GDP per capita PPP), Austria ranks 19th at $73,911, while the Czech Republic ranks 35th at $57,285.

Economic indicators

Austria Czech Republic
Gross domestic product
$579B
2025
$391B
2025
GDP rank
29/197
2025
42/197
2025
GDP growth
0.62%
2024-2025
2.58%
2024-2025
GDP per capita
$62,930
2025
$35,917
2025
GDP per capita rank
16/197
2025
35/197
2025
GDP per capita, PPP
$73,911
2024
$57,285
2024
GDP per capita PPP rank
19/197
2024
35/197
2024
Government debt
$466B
2025
$174B
2025
Debt-to-GDP ratio
80.5%
2025
44.6%
2025
Government debt per person
$50,654
2025
$16,026
2025
Government debt per person rank
10/185
2025
42/185
2025
Average annual personal income after taxes
$38,467
2026
$22,312
2026
Market capitalization of domestic companies
$211B
2025
$55.4B
2025
Number of billionaires
9
2026
11
2026
Income share by richest 10%
24.8%
2023
21.5%
2023
Income share by poorest 10%
2.8%
2023
3.8%
2023
Government expenditure, % of GDP
55.2%
2025
43.5%
2025
Consumer prices inflation
3.53%
2024-2025
2.46%
2024-2025
Central bank interest rate n/a
3.5%
2025
Unemployment rate
5.78%
2025
2.8%
2025
Population
9201502
10742283

Spending and national debt comparison by year

Austria
Spending

Debt
Czech Republic
Spending

Debt
1x
Year % of GDP
Austria Czech Republic
Government spending Government debt Government spending Government debt
2025 55.2% 80.5% 43.5% 44.6%
2024 55.2% 79.2% 42.9% 43.3%
2023 52.2% 77.8% 43.7% 42.2%
2022 53% 78.1% 43% 42.5%
2021 56% 82.4% 45% 40.7%
2020 57.3% 83.2% 46.3% 36.9%
2019 49.1% 71% 40.4% 29.6%
2018 49.2% 74.6% 40.1% 31.7%
2017 49.8% 79.1% 38.5% 33.8%
2016 50.6% 83.4% 39.4% 36.2%
2015 51.2% 85.6% 41.7% 39.5%
2014 52.4% 85.2% 42.3% 41.5%
2013 52.4% 82.4% 42.4% 44.1%
2012 51.8% 82.9% 44.4% 43.8%
2011 51.3% 83.4% 42.8% 39.4%
2010 53.4% 83.7% 43.2% 36.7%
2009 54.6% 80.8% 44.5% 33.4%
2008 50.4% 69.5% 40.9% 28.2%
2007 49.7% 65.8% 40.5% 27.3%
2006 50.9% 68.2% 41.5% 27.6%
2005 51.7% 69.4% 42.3% 27.7%
2004 54.3% 65.9% 42.2% 28.3%
2003 51.8% 66.4% 49% 28.1%
2002 51.6% 67.4% 44.4% 25.7%
2001 51.8% 67.2% 43.1% 22.6%
2000 50.9% 66.1% 40.6% 16.9%
1999 50.5% 61.3% 40.9% 15.1%
1998 54.4% 69.2% 41.6% 13.9%
1997 52.5% 63.4% 41.3% 12.1%
1996 55.9% 68.2% 41.4% 11.5%
1995 56.1% 68.2% 52.8% 13.5%
1994 54.3% 64.1% - -
1993 54.3% 61% - -
1992 49.3% 56.3% - -
1991 47.9% 56.4% - -
1990 46.8% 56.2% - -
1989 51.6% 56.6% - -
1988 53.1% 57.7% - -
1987 54.5% 55.5% - -
1986 54.3% 52% - -
1985 53.5% 47.8% - -
1984 52.6% 46% - -
1983 52.4% 43.7% - -
1982 52% 39.7% - -
1981 51.5% 37.5% - -
1980 50% 35.6% - -
1979 49.8% 34.1% - -
1978 50.8% 32.2% - -
1977 47.6% 28.5% - -
1976 47.9% 26.2% - -
1975 46.1% 22.8% - -
1974 42% 16.8% - -
1973 41.5% 16.7% - -
1972 40.1% 16.7% - -
1971 40% 17.4% - -
1970 39.5% 18.6% - -
1969 40.7% 16.8% - -
1968 40.9% 16.8% - -
1967 40.7% 15.6% - -
1966 38.7% 14.1% - -
1965 38.3% 14.8% - -
1964 38.7% 15.5% - -
1963 38.6% 15.6% - -
1962 37.6% 15.5% - -
1961 35.7% 16% - -
1960 36.3% 17.7% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1989, retrieved 2026-07-08).

GeoRank.org/economy/austria/czech-republic | CC BY

In 2025, Austria's government spending was $320B, accounting for 55.2% of its GDP, while the Czech Republic spent $170B, or 43.5% of GDP.

Debt-to-GDP ratio is 80.5% in Austria and 44.6% in the Czech Republic, ranking 42/185 and 119/185, respectively.

Government deficit by year

Deficit/surplus
Austria

Czech Republic
1x
Year Deficit/surplus, % of GDP
Austria Czech Republic
2025 -4.52% -2.03%
2024 -4.68% -2.03%
2023 -2.59% -3.73%
2022 -3.41% -3.07%
2021 -5.69% -4.95%
2020 -8.2% -5.65%
2019 0.54% 0.28%
2018 0.2% 0.88%
2017 -0.78% 1.46%
2016 -1.45% 0.68%
2015 -0.48% -0.67%
2014 -1.92% -2.09%
2013 -1.99% -1.3%
2012 -2.18% -3.92%
2011 -2.48% -2.71%
2010 -4.46% -4.14%
2009 -5.38% -5.46%
2008 -1.57% -2%
2007 -1.56% -0.68%
2006 -2.61% -2.19%
2005 -2.59% -3.06%
2004 -4.94% -2.4%
2003 -1.84% -6.87%
2002 -1.43% -6.34%
2001 -0.71% -5.76%
2000 -2.07% -3.55%
1999 -2.63% -3.08%
1998 -2.68% -4.14%
1997 -2.38% -3.14%
1996 -4.38% -2.98%
1995 -6.17% -12.3%
1994 -5.04% -
1993 -4.57% -
1992 -2.15% -
1991 -2.96% -
1990 -2.58% -
1989 -3.07% -
1988 -3.43% -
1987 -4.33% -
1986 -3.84% -
1985 -2.71% -
1984 -2.67% -
1983 -4.22% -
1982 -3.29% -
1981 -1.79% -
1980 -1.62% -
1979 -2.3% -
1978 -2.67% -
1977 -2.11% -
1976 -3.61% -
1975 -2.41% -
1974 1.23% -
1973 1.24% -
1972 1.97% -
1971 1.46% -
1970 1.16% -
1969 -0.08% -
1968 -0.83% -
1967 -0.56% -
1966 1.73% -
1965 1.38% -
1964 0.48% -
1963 -0.5% -
1962 1.12% -
1961 1.68% -
1960 -0.49% -
1959 -2.16% -
1958 -3.52% -
1957 -0.7% -
1956 -0.78% -
1955 -0.5% -
1954 -0.35% -
1953 -0.24% -
1952 -0.73% -
1951 -1.57% -
1950 -7.72% -
1949 -9.23% -
1948 -9.3% -
1947 - -
1946 - -
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - -
1939 - -
1938 - -
1937 -2.84% -
1936 -3.91% -
1935 -5.46% -
1934 -5.28% -
1933 -3.55% -
1932 -9.16% -
1931 -11.5% -
1930 -9.68% -
1929 -6.83% -
1928 -7.63% -
1927 -7.3% -
1926 -6.18% -
1925 -4.96% -
1924 -5.69% -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 - -
1912 -0.69% -
1911 0.03% -
1910 -0.42% -
1909 -5.51% -
1908 -1.24% -
1907 -2.73% -
1906 -0.05% -
1905 -0.71% -
1904 -1.12% -
1903 -0.97% -
1902 -0.75% -
1901 -0.56% -
1900 -0.05% -
1899 -0.08% -
1898 -0.17% -
1897 0.1% -
1896 0.03% -
1895 0.36% -
1894 -1.16% -
1893 -1.31% -
1892 -0.86% -
1891 -4.01% -
1890 -0.26% -
1889 -1.61% -
1888 -0.97% -
1887 -1.09% -
1886 -0.43% -
1885 -0.57% -
1884 -6.43% -
1883 -0.69% -
1882 -1.06% -
1881 -3.91% -
1880 -1.4% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/austria/czech-republic | CC BY

In 2025, Austria's government deficit, the difference between spending and revenue, was $26.2B, equivalent to 4.52% of GDP. This compares to the Czech Republic's deficit of $7.92B, or 2.03% of GDP.

Over the past 31 years, Austria recorded a fiscal deficit in 29 of those years, while the Czech Republic ran a deficit in 27 years. On average, Austria posted an annual deficit equal to 2.81% of GDP, compared to deficit of 3.13% of GDP for the Czech Republic.

Inflation comparison by year

Inflation
Austria

Czech Republic
1x
Year Consumer prices inflation
Austria Czech Republic
2025 3.53% 2.46%
2024 2.94% 2.44%
2023 7.81% 10.7%
2022 8.55% 15.1%
2021 2.77% 3.84%
2020 1.38% 3.16%
2019 1.53% 2.85%
2018 2% 2.15%
2017 2.08% 2.45%
2016 0.89% 0.68%
2015 0.9% 0.31%
2014 1.61% 0.34%
2013 2% 1.44%
2012 2.49% 3.29%
2011 3.29% 1.92%
2010 1.81% 1.47%
2009 0.51% 1.02%
2008 3.22% 6.36%
2007 2.17% 2.85%
2006 1.44% 2.53%
2005 2.3% 1.86%
2004 2.06% 2.76%
2003 1.36% 0.12%
2002 1.81% 1.9%
2001 2.65% 4.66%
2000 2.34% 3.78%
1999 0.57% 2.14%
1998 0.92% 10.7%
1997 1.31% 8.6%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/austria/czech-republic | CC BY

Over the past 29 years, Austria has recorded an average annual inflation rate of 2.35%, compared with 3.58% in the Czech Republic. In 2025, inflation was 3.53% in Austria and 2.46% in the Czech Republic.

Top exports between countries

Austria
Export category Export value
Machinery & equipment $3.24B
Transport & tourism services $1.35B
Metals $1.23B
Chemicals & pharma $1.07B
Textiles & consumer goods $655M
Business & finance services $614M
Raw materials & minerals $611M
Wood & paper products $442M
Processed food, beverages & tobacco $384M
IT & IP services $321M
Czech Republic
Export category Export value
Machinery & equipment $5.54B
Textiles & consumer goods $1.16B
Metals $973M
Wood & paper products $959M
Chemicals & pharma $950M
Raw materials & minerals $664M
Processed food, beverages & tobacco $480M
Transport & tourism services $422M
Raw agricultural goods $255M
Business & finance services $227M

Balance of trade

Austria Czech Republic
Current account balance
$10.4B
2025
$2.44B
2025
Current account balance ranking
24/190
2025
41/190
2025
Current account balance, % of GDP
+1.79%
2025
+0.62%
2025
Goods imports
$208B
2025
$197B
2025
Goods exports
$214B
2025
$215B
2025
Service imports
$98.3B
2025
$42.9B
2025
Service exports
$105B
2025
$47.5B
2025
Imports of goods and services, % of GDP
52.3%
2025
61.1%
2025
Exports of goods and services, % of GDP
54.7%
2025
66.9%
2025

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Austria Czech Republic
Economic freedom 69.8 73.2
Economic freedom ranking 38/197 25/197
Property rights 95.7 89.8
Government integrity 75 64.7
Judicial effectiveness 94.8 92.1
Tax burden 45.7 78.8
Government spending 12.8 44.2
Fiscal health 67.1 82.5
Business freedom 78.7 76.8
Labor freedom 81.6 55.1
Monetary freedom 76.4 75
Trade freedom 79.4 79.4
Investment freedom 60 70
Financial freedom 70 70

Economic freedom comparison by year

Austria
Czech Republic
1x
Year Economic freedom index
Austria Czech Republic
2026 69.8 73.2
2025 69.7 72.9
2024 68.4 70.2
2023 71.1 71.9
2022 73.8 74.4
2021 73.9 73.8
2020 73.3 74.8
2019 72 73.7
2018 71.8 74.2
2017 72.3 73.3
2016 71.7 73.2
2015 71.2 72.5
2014 72.4 72.2
2013 71.8 70.9
2012 70.3 69.9
2011 71.9 70.4
2010 71.6 69.8
2009 71.2 69.4
2008 71.4 68.1
2007 71.6 67.4
2006 71.1 66.4
2005 68.8 64.6
2004 67.6 67
2003 67.6 67.5
2002 67.4 66.5
2001 68.1 70.2
2000 68.4 68.6
1999 64 69.7
1998 65.4 68.4
1997 65.2 68.8
1996 68.9 68.1
1995 70 67.8

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

GeoRank.org/economy/austria/czech-republic | CC BY

The Economic Freedom Index for Austria is 69.8, ranking 38/197, compared to 73.2 for the Czech Republic, ranking 25/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Austria Czech Republic
Services, % of GDP
64.1%
2025
60.8%
2025
Industry, % of GDP
24%
2025
28.7%
2025
Agriculture, forestry, and fishing, % of GDP
1.26%
2025
1.95%
2025
GNI, Atlas method
$556B
2025
$359B
2025
GNI per capita, PPP
$77,010
2025
$57,870
2025
Total reserves including gold
$53.4B
2025
$176B
2025
Total reserves ranking
46/177
2025
21/177
2025
Net foreign direct investment
$5.61B
2025
-$1.88B
2025
Net inflows of foreign direct investment
$13.7B
2024
$13.5B
2024
Net outflows of foreign direct investment
$13.8B
2024
$12.9B
2024
Poverty at national poverty lines
14.8%
2021
10.2%
2021
Gross capital formation, % of GDP
23.7%
2025
26.8%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/austria/czech-republic | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2024–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.