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Economy of Czech Republic vs Ethiopia compared: GDP & Debt

Updated on by Georank team

The Czech Republic has a GDP of $347B compared to $150B for Ethiopia, ranking 44/197 and 60/197 by economy size, respectively.

The Czech Republic has $150B in government debt (43.3% of GDP), compared to $48.9B (32.7% of GDP) in Ethiopia.

Czech Republic vs Ethiopia GDP by year

Czech Republic
Ethiopia
1x
Year GDP, current $
Czech Republic Ethiopia
2024 $347,034,062,928 $149,740,297,953
2023 $345,059,295,660 $135,874,093,202
2022 $301,831,228,326 $123,140,304,666
2021 $290,972,714,482 $109,070,960,372
2020 $251,109,660,603 $98,676,811,061
2019 $256,794,209,029 $91,834,517,113
2018 $251,992,360,762 $83,337,901,072
2017 $221,563,575,696 $76,366,081,767
2016 $198,160,659,304 $68,475,871,210
2015 $189,107,698,562 $62,103,418,182
2014 $210,911,285,078 $55,612,228,234
2013 $213,024,360,541 $47,648,276,605
2012 $210,363,223,088 $43,310,721,414
2011 $231,429,378,717 $31,952,763,089
2010 $211,168,667,286 $29,933,790,334
2009 $206,971,882,705 $32,437,389,116
2008 $236,506,264,754 $27,066,912,635
2007 $190,040,702,287 $19,707,616,773
2006 $156,236,258,387 $15,280,861,835
2005 $137,264,185,596 $12,401,139,454
2004 $120,147,899,984 $10,131,187,261
2003 $100,435,924,705 $8,623,691,300
2002 $82,607,869,610 $7,850,809,498
2001 $68,135,304,464 $8,231,326,016
2000 $62,175,642,238 $8,242,349,618
1999 $65,586,562,605 $7,892,973,532
1998 $67,187,217,328 $8,013,274,132
1997 $62,539,765,163 $8,803,539,988
1996 $67,804,105,330 $8,761,215,548
1995 $60,572,381,311 $7,855,205,207
1994 $48,188,478,339 $7,100,806,754
1993 $41,155,654,032 $9,051,043,870
1992 $35,051,065,440 $10,754,799,037
1991 $30,071,014,282 $13,799,799,324
1990 $41,016,881,802 $12,478,943,895
1989 - $11,762,932,007
1988 - $11,181,119,718
1987 - $10,790,001,558
1986 - $10,094,328,898
1985 - $9,717,392,687
1984 - $8,298,309,581
1983 - $8,781,664,427
1982 - $7,899,988,841
1981 - $7,507,663,567
1980 - $7,012,585,454
1979 - $6,586,048,398
1978 - $6,014,961,435
1977 - $5,651,840,585
1976 - $4,943,806,093
1975 - $4,577,047,854
1974 - $4,577,209,966
1973 - $4,070,570,550
1972 - $3,520,252,938
1971 - $3,224,280,835
1970 - $3,045,354,455
1969 - $2,768,987,372
1968 - $2,619,948,865
1967 - $2,461,762,003
1966 - $2,324,466,416
1965 - $2,159,998,591
1964 - $1,984,129,186
1963 - $1,825,058,828
1962 - $1,747,566,307
1961 - $1,680,859,514
1960 - $1,610,511,694

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Czech Republic vs Ethiopia by year

Czech Republic
GDP per capita

GDP per capita, PPP
Ethiopia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Czech Republic Ethiopia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $31,823 $57,285 $1,134 $3,288
2023 $31,762 $55,761 $1,056 $3,061
2022 $28,282 $52,947 $982 $2,845
2021 $27,696 $47,796 $893 $2,588
2020 $23,473 $44,839 $830 $2,407
2019 $24,063 $45,614 $793 $2,242
2018 $23,706 $41,638 $740 $2,095
2017 $20,913 $39,346 $696 $2,005
2016 $18,754 $36,445 $642 $1,858
2015 $17,932 $34,093 $598 $1,633
2014 $20,038 $32,743 $550 $1,485
2013 $20,260 $31,013 $484 $1,253
2012 $20,014 $29,466 $452 $1,179
2011 $22,049 $29,237 $343 $1,098
2010 $20,160 $28,154 $331 $996
2009 $19,817 $27,713 $369 $899
2008 $22,775 $27,938 $316 $845
2007 $18,453 $26,268 $237.1 $770
2006 $15,259 $23,914 $189.3 $693
2005 $13,442 $22,115 $158.2 $625
2004 $11,783 $20,988 $133.2 $558
2003 $9,852 $19,604 $116.8 $493
2002 $8,101 $18,344 $109.6 $509
2001 $6,669 $17,709 $118.5 $509
2000 $6,063 $16,332 $122.3 $474
1999 $6,378 $15,494 $120.7 $450
1998 $6,527 $15,064 $126.5 $436
1997 $6,069 $14,911 $143.4 $461
1996 $6,573 $14,781 $147.3 $453
1995 $5,865 $13,957 $136.5 $409
1994 $4,663 $12,862 $127.7 $391
1993 $3,984 $12,242 $168.5 $384
1992 $3,397 $11,963 $207.4 $343
1991 $2,917 $11,768 $277.6 $383
1990 $3,969 $12,848 $262.1 $417
1989 - - $256.4 -
1988 - - $253.2 -
1987 - - $254.1 -
1986 - - $246 -
1985 - - $243.9 -
1984 - - $214.2 -
1983 - - $232.7 -
1982 - - $215.3 -
1981 - - $212.7 -
1980 - - $203.7 -
1979 - - $192.4 -
1978 - - $178.3 -
1977 - - $170.4 -
1976 - - $152 -
1975 - - $144.3 -
1974 - - $147.9 -
1973 - - $134.9 -
1972 - - $119.8 -
1971 - - $112.7 -
1970 - - $109.4 -
1969 - - $102.3 -
1968 - - $99.5 -
1967 - - $96.1 -
1966 - - $93.2 -
1965 - - $88.9 -
1964 - - $83.8 -
1963 - - $79.2 -
1962 - - $77.8 -
1961 - - $76.7 -
1960 - - $75.3 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

The Czech Republic's GDP per capita is $31,823, ranking 39/197, compared to $1,134 in Ethiopia, ranking 171/197. Adjusted for purchasing power (GDP per capita PPP), the Czech Republic ranks 35th at $57,285, while Ethiopia ranks 175th at $3,288.

Economic indicators

Czech Republic Ethiopia
Gross domestic product
$347B
2024
$150B
2024
GDP rank
44/197
2024
60/197
2024
GDP growth
1.23%
2023-2024
7.61%
2023-2024
GDP per capita
$31,823
2024
$1,134
2024
GDP per capita rank
39/197
2024
171/197
2024
GDP per capita, PPP
$57,285
2024
$3,288
2024
GDP per capita PPP rank
35/197
2024
175/197
2024
Government debt
$150B
2024
$48.9B
2024
Debt-to-GDP ratio
43.3%
2024
32.7%
2024
Government debt per person
$13,792
2024
$370
2024
Government debt per person rank
43/185
2024
172/185
2024
Average annual personal income after taxes
$22,139
2026
$1,946
2026
Market capitalization of domestic companies
$34.6B
2024
n/a
Number of billionaires
11
2025
n/a
Income share by richest 10%
21.5%
2023
24.8%
2021
Income share by poorest 10%
3.8%
2023
3.5%
2021
Government expenditure, % of GDP
42.8%
2024
9.54%
2024
Consumer prices inflation
2.44%
2023-2024
21%
2023-2024
Central bank interest rate
3.5%
2025
n/a
Unemployment rate
2.6%
2024
3.94%
2021
Population
10649126
139917664

Spending and national debt comparison by year

Czech Republic
Spending

Debt
Ethiopia
Spending

Debt
1x
Year % of GDP
Czech Republic Ethiopia
Government spending Government debt Government spending Government debt
2024 42.8% 43.3% 9.54% 32.7%
2023 43.7% 42.2% 10.8% 38.7%
2022 43% 42.5% 12.7% 46.9%
2021 45% 40.7% 13.8% 53.8%
2020 46.3% 36.9% 14.5% 53.7%
2019 40.4% 29.6% 15.4% 54.7%
2018 40.1% 31.7% 16.1% 58.4%
2017 38.5% 33.8% 18% 55.3%
2016 39.4% 36.2% 17.9% 51.8%
2015 41.7% 39.5% 17.3% 50.7%
2014 42.3% 41.5% 17.5% 44.2%
2013 42.4% 44.1% 17.8% 44.1%
2012 44.4% 43.8% 16.6% 39.4%
2011 42.8% 39.4% 18.2% 44.6%
2010 43.2% 36.7% 18.5% 39.4%
2009 44.5% 33.4% 17.1% 30%
2008 40.9% 28.2% 18.8% 56.1%
2007 40.5% 27.3% 20.5% 55.7%
2006 41.5% 27.6% 22.1% 79.6%
2005 42.3% 27.7% 22.9% 78.2%
2004 42.2% 28.3% 23.1% 103.1%
2003 49% 28.1% 27% 103.7%
2002 44.4% 25.7% 24.9% 107.4%
2001 43.1% 22.6% 22.4% 97.3%
2000 40.6% 16.9% 25.6% 93.6%
1999 40.9% 15.1% 25.8% 94.3%
1998 41.6% 13.9% 20.4% 86%
1997 41.3% 12.1% 17.3% 77.4%
1996 41.4% 11.5% 18.2% 129%
1995 52.8% 13.5% 16.9% 142.3%
1994 - - 17.1% 150.7%
1993 - - 13.4% 136.9%
1992 - - 13.8% 85.4%
1991 - - 16.8% 89.3%
1990 - - 20.3% 91.6%
1989 - - 24% 84.7%
1988 - - 21.6% 84.3%
1987 - - 18.4% 82.3%
1986 - - 19.8% 75.7%
1985 - - 19.7% 67.7%
1984 - - 18.8% 65.4%
1983 - - 21.3% 55.2%
1982 - - 16.4% 48.8%
1981 - - 14.2% 30.6%
1980 - - 13.5% 18.5%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1980–1991, retrieved 2026-02-20).

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

In 2024, the Czech Republic's government spending was $148B, accounting for 42.8% of its GDP, while Ethiopia spent $14.3B, or 9.54% of GDP.

Debt-to-GDP ratio is 43.3% in the Czech Republic and 32.7% in Ethiopia, ranking 124/185 and 150/185, respectively.

Government deficit by year

Deficit/surplus
Czech Republic

Ethiopia
1x
Year Deficit/surplus, % of GDP
Czech Republic Ethiopia
2024 -1.99% -1.99%
2023 -3.73% -2.6%
2022 -3.07% -4.16%
2021 -4.95% -2.77%
2020 -5.65% -2.76%
2019 0.28% -2.53%
2018 0.88% -3.03%
2017 1.46% -3.24%
2016 0.68% -2.3%
2015 -0.67% -1.95%
2014 -2.09% -2.58%
2013 -1.3% -1.93%
2012 -3.92% -1.17%
2011 -2.71% -1.61%
2010 -4.14% -1.32%
2009 -5.46% -0.93%
2008 -2% -2.88%
2007 -0.68% -3.57%
2006 -2.19% -3.79%
2005 -3.06% -4.12%
2004 -2.4% -2.65%
2003 -6.87% -5.59%
2002 -6.34% -5.76%
2001 -5.76% -3.76%
2000 -3.55% -8.88%
1999 -3.08% -8.23%
1998 -4.14% -3.51%
1997 -3.14% -1.7%
1996 -2.98% -3.81%
1995 -12.3% -2.68%
1994 - -5.23%
1993 - -4%
1992 - -4.78%
1991 - -5.83%
1990 - -6.66%
1989 - -4.33%
1988 - -3.48%
1987 - -3.54%
1986 - -3.98%
1985 - -4.71%
1984 - -3.69%
1983 - -7.59%
1982 - -3.6%
1981 - -2.19%
1980 - -2.56%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1980–1989, retrieved 2026-02-20).

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

In 2024, the Czech Republic's government deficit, the difference between spending and revenue, was $6.92B, equivalent to 1.99% of GDP. This compares to Ethiopia's deficit of $2.98B, or 1.99% of GDP.

Over the past 30 years, the Czech Republic recorded a fiscal deficit in 26 of those years, while Ethiopia ran a deficit in 30 years. On average, the Czech Republic posted an annual deficit equal to 3.16% of GDP, compared to deficit of 3.26% of GDP for Ethiopia.

Inflation comparison by year

Inflation
Czech Republic

Ethiopia
1x
Year Consumer prices inflation
Czech Republic Ethiopia
2024 2.44% 21%
2023 10.7% 30.2%
2022 15.1% 33.9%
2021 3.84% 26.8%
2020 3.16% 20.4%
2019 2.85% 15.8%
2018 2.15% 13.8%
2017 2.45% 10.7%
2016 0.68% 6.63%
2015 0.31% 9.57%
2014 0.34% 6.89%
2013 1.44% 7.46%
2012 3.29% 23.6%
2011 1.92% 33.2%
2010 1.47% 8.15%
2009 1.02% 8.48%
2008 6.36% 44.4%
2007 2.85% 17.2%
2006 2.53% 12.3%
2005 1.86% 9.97%
2004 2.76% 3.33%
2003 0.12% 13.7%
2002 1.9% 0.68%
2001 4.66% -8.24%
2000 3.78% 0.66%
1999 2.14% 7.94%
1998 10.7% 0.89%
1997 8.6% 2.4%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, the Czech Republic has recorded an average annual inflation rate of 3.62%, compared with 13.6% in Ethiopia. In 2024, inflation was 2.44% in the Czech Republic and 21% in Ethiopia.

Top exports between countries

Czech Republic
Export category Export value
Machinery & equipment $7.13M
Wood & paper products $639K
Metals $448K
Raw materials & minerals $447K
Processed food, beverages & tobacco $290K
Chemicals & pharma $90K
Textiles & consumer goods $50K
Weapons & explosives $36K
Raw agricultural goods $14K
Miscellaneous $2K
Ethiopia
Export category Export value
Raw agricultural goods $315K
Machinery & equipment $78K
Chemicals & pharma $67K
Textiles & consumer goods $51K
Animal & marine products $46K
Precious metals & jewellery $6K

Balance of trade

Czech Republic Ethiopia
Current account balance
$6.05B
2024
-$3.79B
2024
Current account balance ranking
31/190
2024
160/190
2024
Current account balance, % of GDP
+1.74%
2024
-2.53%
2024
Goods imports
$179B
2024
$19.6B
2024
Goods exports
$197B
2024
$5.58B
2024
Service imports
$38B
2024
$5.51B
2024
Service exports
$42.5B
2024
$7.61B
2024
Imports of goods and services, % of GDP
62.6%
2024
11.9%
2024
Exports of goods and services, % of GDP
68.9%
2024
5.54%
2024

Economic freedom indices

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

Czech Republic Ethiopia
Economic freedom 73.2 48.1
Economic freedom ranking 25/197 171/197
Property rights 89.8 22.1
Government integrity 64.7 33.2
Judicial effectiveness 92.1 19.1
Tax burden 78.8 78.6
Government spending 44.2 96.4
Fiscal health 82.5 84.3
Business freedom 76.8 44.5
Labor freedom 55.1 37.8
Monetary freedom 75 53.7
Trade freedom 79.4 57.4
Investment freedom 70 30
Financial freedom 70 20

Economic freedom comparison by year

Czech Republic
Ethiopia
1x
Year Economic freedom index
Czech Republic Ethiopia
2026 73.2 48.1
2025 72.9 48.1
2024 70.2 47.9
2023 71.9 48.3
2022 74.4 49.6
2021 73.8 51.7
2020 74.8 53.6
2019 73.7 53.6
2018 74.2 52.8
2017 73.3 52.7
2016 73.2 51.5
2015 72.5 51.5
2014 72.2 50
2013 70.9 49.4
2012 69.9 52
2011 70.4 50.5
2010 69.8 51.2
2009 69.4 53
2008 68.1 52.5
2007 67.4 53.6
2006 66.4 50.9
2005 64.6 51.1
2004 67 54.5
2003 67.5 48.8
2002 66.5 49.8
2001 70.2 48.9
2000 68.6 50.2
1999 69.7 46.7
1998 68.4 49.2
1997 68.8 48.1
1996 68.1 45.9
1995 67.8 42.6

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for the Czech Republic is 73.2, ranking 25/197, compared to 48.1 for Ethiopia, ranking 171/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Czech Republic Ethiopia
Services, % of GDP
60.2%
2024
37.5%
2024
Industry, % of GDP
29.2%
2024
25.4%
2024
Agriculture, forestry, and fishing, % of GDP
1.9%
2024
34.8%
2024
GNI, Atlas method
$322B
2024
$146B
2024
GNI per capita, PPP
$54,800
2024
$3,280
2024
Total reserves including gold
$146B
2024
$3.78B
2024
Total reserves ranking
22/177
2024
109/177
2024
Net foreign direct investment
-$1.87B
2024
-$4.02B
2024
Net inflows of foreign direct investment
$13.1B
2024
$4.02B
2024
Net outflows of foreign direct investment
$11.2B
2024
$0
2024
Servicing debt to the IMF, % of GNI n/a
0.91%
2024
Poverty at national poverty lines
10.2%
2021
33.1%
2021
Gross capital formation, % of GDP
26.3%
2024
20.6%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. International Monetary Fund (IMF) | Public Finances in Modern History (1980–1991, retrieved 2026-02-20)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2022–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

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.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

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.