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Economy of Czech Republic vs Ghana compared: GDP & Debt

Updated on by Georank

The Czech Republic has a GDP of $391B compared to $114B for Ghana, ranking 42/197 and 69/197 by economy size, respectively.

The Czech Republic has $174B in government debt (44.6% of GDP), compared to $55.8B (48.8% of GDP) in Ghana.

Czech Republic vs Ghana GDP by year

Czech Republic
Ghana
1x
Year GDP, current $
Czech Republic Ghana
2025 $391,026,962,800 $114,209,905,279
2024 $347,082,562,221 $83,288,585,604
2023 $345,059,295,660 $80,547,146,876
2022 $301,831,228,326 $73,919,003,212
2021 $290,972,714,482 $79,514,204,730
2020 $251,109,660,603 $70,008,243,860
2019 $256,794,209,029 $68,352,629,246
2018 $251,992,360,762 $67,259,353,966
2017 $221,563,575,696 $60,385,409,435
2016 $198,160,659,304 $56,144,179,398
2015 $189,107,698,562 $49,436,806,230
2014 $210,911,285,078 $54,678,533,806
2013 $213,024,360,541 $62,845,721,960
2012 $210,363,223,088 $41,271,701,061
2011 $231,429,378,717 $39,336,668,081
2010 $211,168,667,286 $32,197,655,567
2009 $206,971,882,705 $26,048,720,006
2008 $236,506,264,754 $28,679,383,241
2007 $190,040,702,287 $24,827,339,138
2006 $156,236,258,387 $20,885,037,597
2005 $137,264,185,596 $10,744,568,381
2004 $120,147,899,984 $8,881,417,907
2003 $100,435,924,705 $7,632,723,556
2002 $82,607,869,610 $6,166,197,848
2001 $68,135,304,464 $5,314,872,854
2000 $62,175,642,238 $4,982,850,662
1999 $65,586,562,605 $7,718,109,982
1998 $67,187,217,328 $7,482,069,162
1997 $62,539,765,163 $6,891,443,192
1996 $67,804,105,330 $6,932,991,739
1995 $60,572,381,311 $6,464,382,808
1994 $48,188,478,339 $5,446,383,727
1993 $41,155,654,032 $5,968,922,939
1992 $35,051,065,440 $6,416,103,926
1991 $30,071,014,282 $6,603,185,268
1990 $41,016,881,802 $5,889,106,573
1989 - $5,251,858,440
1988 - $5,197,765,032
1987 - $5,074,829,932
1986 - $5,735,677,434
1985 - $4,504,306,723
1984 - $4,412,279,843
1983 - $4,057,275,132
1982 - $4,035,994,398
1981 - $4,222,441,860
1980 - $4,445,228,216
1979 - $4,020,227,920
1978 - $3,662,478,185
1977 - $3,189,428,571
1976 - $2,765,254,237
1975 - $2,810,106,383
1974 - $2,894,409,938
1973 - $3,006,766,758
1972 - $2,112,293,280
1971 - $2,417,108,578
1970 - $2,215,028,588
1969 - $1,962,050,556
1968 - $1,666,909,518
1967 - $1,747,187,645
1966 - $2,126,300,672
1965 - $2,053,462,968
1964 - $1,731,296,200
1963 - $1,540,797,589
1962 - $1,382,515,654
1961 - $1,302,674,325
1960 - $1,217,230,095

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

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

GDP per capita in Czech Republic vs Ghana by year

Czech Republic
GDP per capita

GDP per capita, PPP
Ghana
GDP per capita

GDP per capita, PPP
1x
Year Current $
Czech Republic Ghana
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $35,917 - $3,257 -
2024 $31,828 $57,285 $2,419 $8,020
2023 $31,762 $55,761 $2,384 $7,556
2022 $28,282 $52,947 $2,230 $7,208
2021 $27,696 $47,796 $2,445 $6,608
2020 $23,473 $44,839 $2,195 $6,047
2019 $24,063 $45,614 $2,187 $6,003
2018 $23,706 $41,638 $2,195 $5,536
2017 $20,913 $39,346 $2,012 $5,171
2016 $18,754 $36,445 $1,912 $5,011
2015 $17,932 $34,093 $1,723 $5,191
2014 $20,038 $32,743 $1,950 $5,517
2013 $20,260 $31,013 $2,295 $5,215
2012 $20,014 $29,466 $1,544 $4,934
2011 $22,049 $29,237 $1,507 $4,381
2010 $20,160 $28,154 $1,264 $3,855
2009 $19,817 $27,713 $1,048 $3,617
2008 $22,775 $27,938 $1,183 $3,516
2007 $18,453 $26,268 $1,050 $3,241
2006 $15,259 $23,914 $906 $3,103
2005 $13,442 $22,115 $479 $2,904
2004 $11,783 $20,988 $406 $2,729
2003 $9,852 $19,604 $358 $2,584
2002 $8,101 $18,344 $297.5 $2,475
2001 $6,669 $17,709 $263.5 $2,397
2000 $6,063 $16,332 $253.7 $2,315
1999 $6,378 $15,494 $403 $2,239
1998 $6,527 $15,064 $400 $2,167
1997 $6,069 $14,911 $378 $2,097
1996 $6,573 $14,781 $389 $2,026
1995 $5,865 $13,957 $372 $1,947
1994 $4,663 $12,862 $321 $1,875
1993 $3,984 $12,242 $360 $1,821
1992 $3,397 $11,963 $396 $1,739
1991 $2,917 $11,768 $418 $1,678
1990 $3,969 $12,848 $383 $1,581
1989 - - $350 -
1988 - - $355 -
1987 - - $355 -
1986 - - $411 -
1985 - - $330 -
1984 - - $330 -
1983 - - $311 -
1982 - - $319 -
1981 - - $344 -
1980 - - $372 -
1979 - - $347 -
1978 - - $326 -
1977 - - $292.3 -
1976 - - $261 -
1975 - - $273 -
1974 - - $289.4 -
1973 - - $310 -
1972 - - $223.8 -
1971 - - $263.4 -
1970 - - $248.2 -
1969 - - $225.8 -
1968 - - $196.7 -
1967 - - $211.2 -
1966 - - $263.3 -
1965 - - $260.5 -
1964 - - $225 -
1963 - - $205 -
1962 - - $188.4 -
1961 - - $181.9 -
1960 - - $174.9 -

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

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

The Czech Republic's GDP per capita is $35,917, ranking 35/197, compared to $3,257 in Ghana, ranking 139/197. Adjusted for purchasing power (GDP per capita PPP), the Czech Republic ranks 35th at $57,285, while Ghana ranks 140th at $8,020.

Economic indicators

Czech Republic Ghana
Gross domestic product
$391B
2025
$114B
2025
GDP rank
42/197
2025
69/197
2025
GDP growth
2.58%
2024-2025
5.95%
2024-2025
GDP per capita
$35,917
2025
$3,257
2025
GDP per capita rank
35/197
2025
139/197
2025
GDP per capita, PPP
$57,285
2024
$8,020
2024
GDP per capita PPP rank
35/197
2024
140/197
2024
Government debt
$174B
2025
$55.8B
2025
Debt-to-GDP ratio
44.6%
2025
48.8%
2025
Government debt per person
$16,026
2025
$1,590
2025
Government debt per person rank
42/185
2025
128/185
2025
Average annual personal income after taxes
$22,312
2026
$2,135
2026
Market capitalization of domestic companies
$55.4B
2025
$16.4B
2025
Number of billionaires
11
2026
n/a
Income share by richest 10%
21.5%
2023
32.2%
2016
Income share by poorest 10%
3.8%
2023
1.6%
2016
Government expenditure, % of GDP
43.5%
2025
17%
2025
Consumer prices inflation
2.46%
2024-2025
14.2%
2024-2025
Central bank interest rate
3.5%
2025
14%
2026
Unemployment rate
2.8%
2025
3.97%
2024
Population
10742283
36032857

Spending and national debt comparison by year

Czech Republic
Spending

Debt
Ghana
Spending

Debt
1x
Year % of GDP
Czech Republic Ghana
Government spending Government debt Government spending Government debt
2025 43.5% 44.6% 17% 48.8%
2024 42.9% 43.3% 22% 70.3%
2023 43.7% 42.2% 18.5% 79.1%
2022 43% 42.5% 27.5% 92.7%
2021 45% 40.7% 27.2% 86.9%
2020 46.3% 36.9% 31.5% 79.1%
2019 40.4% 29.6% 22.5% 62.9%
2018 40.1% 31.7% 20.9% 62%
2017 38.5% 33.8% 17.6% 57%
2016 39.4% 36.2% 19.9% 55.9%
2015 41.7% 39.5% 18.6% 53.9%
2014 42.3% 41.5% 21% 50.1%
2013 42.4% 44.1% 21.6% 42.9%
2012 44.4% 43.8% 22.1% 35.5%
2011 42.8% 39.4% 19.5% 31.2%
2010 43.2% 36.7% 19% 32.9%
2009 44.5% 33.4% 16.6% 25.4%
2008 40.9% 28.2% 16.6% 23.2%
2007 40.5% 27.3% 16.8% 21.1%
2006 41.5% 27.6% 14.4% 17.3%
2005 42.3% 27.7% 12.9% 31.7%
2004 42.2% 28.3% 13.7% 38.4%
2003 49% 28.1% 12.1% 49.3%
2002 44.4% 25.7% 10.7% 54.1%
2001 43.1% 22.6% 13.8% 57.8%
2000 40.6% 16.9% 12% 74.5%
1999 40.9% 15.1% 11.1% 51.7%
1998 41.6% 13.9% 11.8% 37.6%
1997 41.3% 12.1% 12% 45.2%
1996 41.4% 11.5% 12.4% 42.9%
1995 52.8% 13.5% 13% 47.6%
1994 - - 12.7% 50.6%
1993 - - 12.1% 34.1%
1992 - - 9.2% 21.3%
1991 - - 7.09% 17.3%
1990 - - 6.59% 17.8%
1989 - - 7.24% 23%
1988 - - 7.23% 23.5%
1987 - - 7.32% 26.8%
1986 - - 7.29% 18.2%
1985 - - 6.08% 14.4%
1984 - - 4.64% 13%
1983 - - 3.49% 9.21%
1982 - - 4.73% 8.51%
1981 - - 5.74% 8.77%
1980 - - 7.51% 9.75%
1979 - - 9.14% 11.5%
1978 - - 6.54% 11.4%
1977 - - 10.5% 20.7%
1976 - - 12.8% 26%
1975 - - 13.2% 21.8%
1974 - - 9.52% 21.8%
1973 - - 9.35% 25.4%
1972 - - 11.4% 29.8%
1971 - - 11.7% 29.5%
1970 - - 12.2% 31.9%
1969 - - 11.2% 31.4%
1968 - - 12.3% 34.5%
1967 - - 11.5% 33.9%
1966 - - 9.12% 29.8%
1965 - - 14.2% 30.2%
1964 - - 15.8% 30.8%
1963 - - 15.3% 30.5%
1962 - - 12.5% 11.8%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1962–1989, retrieved 2026-07-08).

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

In 2025, the Czech Republic's government spending was $170B, accounting for 43.5% of its GDP, while Ghana spent $19.4B, or 17% of GDP.

Debt-to-GDP ratio is 44.6% in the Czech Republic and 48.8% in Ghana, ranking 119/185 and 108/185, respectively.

Government deficit by year

Deficit/surplus
Czech Republic

Ghana
1x
Year Deficit/surplus, % of GDP
Czech Republic Ghana
2025 -2.03% -1.35%
2024 -2.03% -6.23%
2023 -3.73% -3.37%
2022 -3.07% -11.8%
2021 -4.95% -12%
2020 -5.65% -17.4%
2019 0.28% -7.52%
2018 0.88% -6.79%
2017 1.46% -3.97%
2016 0.68% -6.75%
2015 -0.67% -4.01%
2014 -2.09% -7.81%
2013 -1.3% -9.12%
2012 -3.92% -8.36%
2011 -2.71% -5.47%
2010 -4.14% -7.13%
2009 -5.46% -5.05%
2008 -2% -5.56%
2007 -0.68% -4.91%
2006 -2.19% -3.11%
2005 -3.06% -1.87%
2004 -2.4% -2.02%
2003 -6.87% -1.99%
2002 -6.34% -2.73%
2001 -5.76% -3.64%
2000 -3.55% -3.98%
1999 -3.08% -5.64%
1998 -4.14% -5.27%
1997 -3.14% -6.14%
1996 -2.98% -5.61%
1995 -12.3% -4.52%
1994 - -4.99%
1993 - -5.39%
1992 - -4.5%
1991 - -1.47%
1990 - -1.93%
1989 - -0.81%
1988 - -1.08%
1987 - -0.92%
1986 - -1.26%
1985 - -1.19%
1984 - -0.98%
1983 - -1.13%
1982 - -2.03%
1981 - -3.8%
1980 - -4.73%
1979 - -3.61%
1978 - -1.21%
1977 - -4.68%
1976 - -5.53%
1975 - -4.05%
1974 - -2.06%
1973 - -2.64%
1972 - -2.19%
1971 - 0.13%
1970 - -2.35%
1969 - -2.67%
1968 - -2.34%
1967 - -2.32%
1966 - -1.29%
1965 - -3.29%
1964 - -3.72%
1963 - -5.66%
1962 - -5.04%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1962–1989, retrieved 2026-07-08).

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

In 2025, the Czech Republic's government deficit, the difference between spending and revenue, was $7.92B, equivalent to 2.03% of GDP. This compares to Ghana's deficit of $1.54B, or 1.35% of GDP.

Over the past 31 years, the Czech Republic recorded a fiscal deficit in 27 of those years, while Ghana ran a deficit in 31 years. On average, the Czech Republic posted an annual deficit equal to 3.13% of GDP, compared to deficit of 5.84% of GDP for Ghana.

Inflation comparison by year

Inflation
Czech Republic

Ghana
1x
Year Consumer prices inflation
Czech Republic Ghana
2025 2.46% 14.2%
2024 2.44% 22.8%
2023 10.7% 38.1%
2022 15.1% 31.3%
2021 3.84% 9.97%
2020 3.16% 9.89%
2019 2.85% 7.14%
2018 2.15% 7.81%
2017 2.45% 12.4%
2016 0.68% 17.5%
2015 0.31% 17.1%
2014 0.34% 15.5%
2013 1.44% 11.7%
2012 3.29% 11.2%
2011 1.92% 8.73%
2010 1.47% 10.7%
2009 1.02% 19.2%
2008 6.36% 16.5%
2007 2.85% 10.7%
2006 2.53% 11.7%
2005 1.86% 15.4%
2004 2.76% 18%
2003 0.12% 29.8%
2002 1.9% 9.36%
2001 4.66% 41.5%
2000 3.78% 40.2%
1999 2.14% 4.87%
1998 10.7% 14.6%
1997 8.6% 27.9%

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

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

Over the past 29 years, the Czech Republic has recorded an average annual inflation rate of 3.58%, compared with 17.4% in Ghana. In 2025, inflation was 2.46% in the Czech Republic and 14.2% in Ghana.

Top exports between countries

Czech Republic
Export category Export value
Machinery & equipment $8.35M
Animal & marine products $1.61M
Textiles & consumer goods $1.51M
Chemicals & pharma $1.36M
Metals $820K
Weapons & explosives $397K
Wood & paper products $201K
Raw materials & minerals $157K
Processed food, beverages & tobacco $111K
Raw agricultural goods $82K
Ghana
Export category Export value
Processed food, beverages & tobacco $528K
Animal & marine products $276K
Raw materials & minerals $35K
Precious metals & jewellery $21K
Wood & paper products $17K
Raw agricultural goods $10K
Textiles & consumer goods $8K
Chemicals & pharma $1K

Balance of trade

Czech Republic Ghana
Current account balance
$2.44B
2025
$9.39B
2025
Current account balance ranking
41/190
2025
25/190
2025
Current account balance, % of GDP
+0.62%
2025
+8.22%
2025
Goods imports
$197B
2025
$17.5B
2025
Goods exports
$215B
2025
$31.2B
2025
Service imports
$42.9B
2025
$14.6B
2025
Service exports
$47.5B
2025
$10.1B
2025
Imports of goods and services, % of GDP
61.1%
2025
33.9%
2024
Exports of goods and services, % of GDP
66.9%
2025
35.1%
2024

Economic freedom indices

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

Czech Republic Ghana
Economic freedom 73.2 57.3
Economic freedom ranking 25/197 118/197
Property rights 89.8 50.2
Government integrity 64.7 45.4
Judicial effectiveness 92.1 57.5
Tax burden 78.8 79.4
Government spending 44.2 84
Fiscal health 82.5 10.1
Business freedom 76.8 64.5
Labor freedom 55.1 54.9
Monetary freedom 75 56.7
Trade freedom 79.4 65.2
Investment freedom 70 60
Financial freedom 70 60

Economic freedom comparison by year

Czech Republic
Ghana
1x
Year Economic freedom index
Czech Republic Ghana
2026 73.2 57.3
2025 72.9 56
2024 70.2 55.8
2023 71.9 58
2022 74.4 59.8
2021 73.8 59.2
2020 74.8 59.4
2019 73.7 57.5
2018 74.2 56
2017 73.3 56.2
2016 73.2 63
2015 72.5 63
2014 72.2 64.2
2013 70.9 61.3
2012 69.9 60.7
2011 70.4 59.4
2010 69.8 60.2
2009 69.4 58.1
2008 68.1 57
2007 67.4 57.6
2006 66.4 55.6
2005 64.6 56.5
2004 67 59.1
2003 67.5 58.2
2002 66.5 57.2
2001 70.2 58
2000 68.6 58.1
1999 69.7 57.9
1998 68.4 57
1997 68.8 56.7
1996 68.1 57.7
1995 67.8 55.6

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

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

The Economic Freedom Index for the Czech Republic is 73.2, ranking 25/197, compared to 57.3 for Ghana, ranking 118/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Czech Republic Ghana
Services, % of GDP
60.8%
2025
42.9%
2025
Industry, % of GDP
28.7%
2025
29.3%
2025
Agriculture, forestry, and fishing, % of GDP
1.95%
2025
21.3%
2025
GNI, Atlas method
$359B
2025
$92.3B
2025
GNI per capita, PPP
$57,870
2025
$8,080
2025
Total reserves including gold
$176B
2025
$4.47B
2024
Total reserves ranking
21/177
2025
108/177
2024
Net foreign direct investment
-$1.88B
2025
-$1.87B
2025
Net inflows of foreign direct investment
$13.5B
2024
$1.77B
2024
Net outflows of foreign direct investment
$12.9B
2024
$5.37M
2024
Servicing debt to the IMF, % of GNI n/a
3.5%
2024
Poverty at national poverty lines
10.2%
2021
23.4%
2016
Gross capital formation, % of GDP
26.8%
2025
9.9%
2024

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/czech-republic/ghana | CC BY

Compare countries by 7 more topics

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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 (1962–1989, 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 (2022–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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.