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Economy of Czech Republic vs Greece compared: GDP & Debt

Updated on by Georank team

The Czech Republic has a GDP of $347B compared to $256B for Greece, ranking 44/197 and 53/197 by economy size, respectively.

The Czech Republic has $150B in government debt (43.3% of GDP), compared to $397B (154.8% of GDP) in Greece.

Czech Republic vs Greece GDP by year

Czech Republic
Greece
1x
Year GDP, current $
Czech Republic Greece
2024 $347,034,062,928 $256,238,371,778
2023 $345,059,295,660 $242,946,187,738
2022 $301,831,228,326 $217,990,189,601
2021 $290,972,714,482 $218,303,801,895
2020 $251,109,660,603 $191,362,985,555
2019 $256,794,209,029 $207,305,649,887
2018 $251,992,360,762 $213,298,873,494
2017 $221,563,575,696 $200,381,103,984
2016 $198,160,659,304 $193,097,239,006
2015 $189,107,698,562 $194,567,373,678
2014 $210,911,285,078 $233,911,581,521
2013 $213,024,360,541 $236,556,279,641
2012 $210,363,223,088 $238,841,140,018
2011 $231,429,378,717 $283,228,079,776
2010 $211,168,667,286 $296,417,644,404
2009 $206,971,882,705 $326,829,054,686
2008 $236,506,264,754 $351,121,399,546
2007 $190,040,702,287 $314,226,996,944
2006 $156,236,258,387 $269,073,415,334
2005 $137,264,185,596 $242,315,668,619
2004 $120,147,899,984 $234,979,615,898
2003 $100,435,924,705 $196,930,509,813
2002 $82,607,869,610 $150,253,800,086
2001 $68,135,304,464 $132,050,474,720
2000 $62,175,642,238 $125,760,166,225
1999 $65,586,562,605 $137,131,371,955
1998 $67,187,217,328 $139,612,812,176
1997 $62,539,765,163 $138,766,067,640
1996 $67,804,105,330 $142,502,984,145
1995 $60,572,381,311 $134,974,613,914
1994 $48,188,478,339 $114,980,063,202
1993 $41,155,654,032 $107,295,704,518
1992 $35,051,065,440 $114,608,178,405
1991 $30,071,014,282 $103,680,863,713
1990 $41,016,881,802 $96,529,587,274
1989 - $78,067,933,277
1988 - $75,200,610,137
1987 - $64,739,630,096
1986 - $55,595,445,472
1985 - $47,155,741,426
1984 - $47,352,146,312
1983 - $48,741,397,059
1982 - $53,858,346,939
1981 - $51,618,456,335
1980 - $56,039,256,595
1979 - $53,724,121,435
1978 - $43,654,480,519
1977 - $35,673,080,481
1976 - $30,719,552,239
1975 - $28,129,128,587
1974 - $24,998,715,909
1973 - $22,037,019,563
1972 - $16,650,659,091
1971 - $14,388,806,818
1970 - $12,957,113,636
1969 - $11,454,106,327
1968 - $9,950,331,206
1967 - $9,146,592,856
1966 - $8,472,021,467
1965 - $7,582,209,670
1964 - $6,576,906,345
1963 - $5,813,285,627
1962 - $5,140,542,929
1961 - $4,892,397,431
1960 - $4,274,890,307

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

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

GDP per capita in Czech Republic vs Greece by year

Czech Republic
GDP per capita

GDP per capita, PPP
Greece
GDP per capita

GDP per capita, PPP
1x
Year Current $
Czech Republic Greece
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $31,823 $57,285 $24,626 $44,327
2023 $31,762 $55,761 $23,344 $42,711
2022 $28,282 $52,947 $20,887 $39,612
2021 $27,696 $47,796 $20,655 $33,531
2020 $23,473 $44,839 $17,887 $29,533
2019 $24,063 $45,614 $19,335 $31,927
2018 $23,706 $41,638 $19,873 $29,792
2017 $20,913 $39,346 $18,632 $28,682
2016 $18,754 $36,445 $17,919 $27,505
2015 $17,932 $34,093 $17,981 $26,608
2014 $20,038 $32,743 $21,475 $26,450
2013 $20,260 $31,013 $21,573 $25,731
2012 $20,014 $29,466 $21,624 $24,583
2011 $22,049 $29,237 $25,505 $25,693
2010 $20,160 $28,154 $26,653 $27,839
2009 $19,817 $27,713 $29,425 $29,963
2008 $22,775 $27,938 $31,696 $30,441
2007 $18,453 $26,268 $28,441 $28,896
2006 $15,259 $23,914 $24,416 $28,076
2005 $13,442 $22,115 $22,054 $25,004
2004 $11,783 $20,988 $21,449 $24,826
2003 $9,852 $19,604 $18,021 $23,253
2002 $8,101 $18,344 $13,782 $21,985
2001 $6,669 $17,709 $12,157 $20,304
2000 $6,063 $16,332 $11,638 $18,820
1999 $6,378 $15,494 $12,743 $17,758
1998 $6,527 $15,064 $13,023 $17,434
1997 $6,069 $14,911 $13,016 $16,630
1996 $6,573 $14,781 $13,433 $15,778
1995 $5,865 $13,957 $12,779 $15,218
1994 $4,663 $12,862 $10,937 $14,667
1993 $3,984 $12,242 $10,257 $14,150
1992 $3,397 $11,963 $11,021 $14,130
1991 $2,917 $11,768 $10,047 $13,824
1990 $3,969 $12,848 $9,467 $13,126
1989 - - $7,738 -
1988 - - $7,492 -
1987 - - $6,474 -
1986 - - $5,578 -
1985 - - $4,747 -
1984 - - $4,785 -
1983 - - $4,950 -
1982 - - $5,502 -
1981 - - $5,305 -
1980 - - $5,812 -
1979 - - $5,627 -
1978 - - $4,629 -
1977 - - $3,832 -
1976 - - $3,343 -
1975 - - $3,109 -
1974 - - $2,789 -
1973 - - $2,468 -
1972 - - $1,873 -
1971 - - $1,629 -
1970 - - $1,474 -
1969 - - $1,306 -
1968 - - $1,138 -
1967 - - $1,053 -
1966 - - $984 -
1965 - - $887 -
1964 - - $773 -
1963 - - $686 -
1962 - - $608 -
1961 - - $583 -
1960 - - $513 -

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

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

The Czech Republic's GDP per capita is $31,823, ranking 39/197, compared to $24,626 in Greece, ranking 49/197. Adjusted for purchasing power (GDP per capita PPP), the Czech Republic ranks 35th at $57,285, while Greece ranks 52nd at $44,327.

Economic indicators

Czech Republic Greece
Gross domestic product
$347B
2024
$256B
2024
GDP rank
44/197
2024
53/197
2024
GDP growth
1.23%
2023-2024
2.09%
2023-2024
GDP per capita
$31,823
2024
$24,626
2024
GDP per capita rank
39/197
2024
49/197
2024
GDP per capita, PPP
$57,285
2024
$44,327
2024
GDP per capita PPP rank
35/197
2024
52/197
2024
Government debt
$150B
2024
$397B
2024
Debt-to-GDP ratio
43.3%
2024
154.8%
2024
Government debt per person
$13,792
2024
$38,119
2024
Government debt per person rank
43/185
2024
16/185
2024
Average annual personal income after taxes
$22,139
2026
$14,396
2026
Market capitalization of domestic companies
$34.6B
2024
$83.2B
2024
Number of billionaires
11
2025
16
2025
Income share by richest 10%
21.5%
2023
26%
2023
Income share by poorest 10%
3.8%
2023
2.7%
2023
Government expenditure, % of GDP
42.8%
2024
48%
2024
Consumer prices inflation
2.44%
2023-2024
2.74%
2023-2024
Central bank interest rate
3.5%
2025
n/a
Unemployment rate
2.6%
2024
10%
2024
Population
10649126
10181414

Spending and national debt comparison by year

Czech Republic
Spending

Debt
Greece
Spending

Debt
1x
Year % of GDP
Czech Republic Greece
Government spending Government debt Government spending Government debt
2024 42.8% 43.3% 48% 154.8%
2023 43.7% 42.2% 49.5% 165.2%
2022 43% 42.5% 52.8% 178.4%
2021 45% 40.7% 56.7% 197.8%
2020 46.3% 36.9% 59.3% 209.9%
2019 40.4% 29.6% 47.6% 183.7%
2018 40.1% 31.7% 48.6% 189.6%
2017 38.5% 33.8% 48.5% 182.6%
2016 39.4% 36.2% 50.3% 183.7%
2015 41.7% 39.5% 51.9% 180%
2014 42.3% 41.5% 51.5% 182.8%
2013 42.4% 44.1% 53% 180.5%
2012 44.4% 43.8% 54.9% 164.3%
2011 42.8% 39.4% 55.1% 175.1%
2010 43.2% 36.7% 53.1% 147.8%
2009 44.5% 33.4% 54.8% 128.5%
2008 40.9% 28.2% 51.5% 110.9%
2007 40.5% 27.3% 47.8% 104.6%
2006 41.5% 27.6% 45.9% 105.3%
2005 42.3% 27.7% 46.6% 109.9%
2004 42.2% 28.3% 48.8% 105.5%
2003 49% 28.1% 47.9% 104.3%
2002 44.4% 25.7% 47.1% 107.9%
2001 43.1% 22.6% 47.5% 110.5%
2000 40.6% 16.9% 48.2% 108.9%
1999 40.9% 15.1% 48% 102.8%
1998 41.6% 13.9% 46.7% 100.8%
1997 41.3% 12.1% 45.1% 102.6%
1996 41.4% 11.5% 46.1% 103.7%
1995 52.8% 13.5% 46.6% 100.4%
1994 - - 36.9% 99.7%
1993 - - 38.6% 101.7%
1992 - - 36.9% 81.1%
1991 - - 35.2% 75.7%
1990 - - 38.5% 74.2%
1989 - - 34.8% 60.7%
1988 - - 33.8% 57.9%
1987 - - 34% 53.2%
1986 - - 33.8% 47.8%
1985 - - 34.2% 47.3%
1984 - - 32% 40.6%
1983 - - 30.2% 34.1%
1982 - - 28.7% 29.7%
1981 - - 28.1% 27.1%
1980 - - 24.5% 22.8%
1979 - - 24.1% 22.7%
1978 - - 30.1% 32.3%
1977 - - 30.1% 24.5%
1976 - - 29.1% 23.7%
1975 - - 28.7% 24.1%
1974 - - 25.3% 22.5%
1973 - - 24.3% 22%
1972 - - 26.8% 26.5%
1971 - - 25.8% 25%
1970 - - 25.2% 24.7%
1969 - - 29.7% 25.8%
1968 - - 26.3% 23%
1967 - - 24.6% 21.1%
1966 - - 22.8% 19%
1965 - - 21.7% 16.5%
1964 - - 20.4% 21.3%
1963 - - 19.5% 22.6%
1962 - - 19.7% 16.6%
1961 - - 19.3% 14.4%
1960 - - 20% 13.4%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1989, retrieved 2026-02-20).

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

In 2024, the Czech Republic's government spending was $148B, accounting for 42.8% of its GDP, while Greece spent $123B, or 48% of GDP.

Debt-to-GDP ratio is 43.3% in the Czech Republic and 154.8% in Greece, ranking 124/185 and 7/185, respectively.

Government deficit by year

Deficit/surplus
Czech Republic

Greece
1x
Year Deficit/surplus, % of GDP
Czech Republic Greece
2024 -1.99% 1.34%
2023 -3.73% -1.35%
2022 -3.07% -2.46%
2021 -4.95% -7.58%
2020 -5.65% -10.3%
2019 0.28% -0.09%
2018 0.88% 0.78%
2017 1.46% 1.05%
2016 0.68% 0.28%
2015 -0.67% -3.03%
2014 -2.09% -4.29%
2013 -1.3% -4.06%
2012 -3.92% -6.94%
2011 -2.71% -10.5%
2010 -4.14% -11.4%
2009 -5.46% -15.4%
2008 -2% -10.3%
2007 -0.68% -6.81%
2006 -2.19% -6.04%
2005 -3.06% -6.33%
2004 -2.4% -9.05%
2003 -6.87% -8.05%
2002 -6.34% -6.2%
2001 -5.76% -5.64%
2000 -3.55% -4.21%
1999 -3.08% -6.02%
1998 -4.14% -6.48%
1997 -3.14% -6.25%
1996 -2.98% -8.35%
1995 -12.3% -9.87%
1994 - -8.48%
1993 - -11.5%
1992 - -10.6%
1991 - -9.63%
1990 - -13.3%
1989 - -11.9%
1988 - -9.63%
1987 - -8.09%
1986 - -8.62%
1985 - -9.56%
1984 - -7.19%
1983 - -6.17%
1982 - -5.49%
1981 - -7.08%
1980 - -2.5%
1979 - -2.34%
1978 - -5.39%
1977 - -5.21%
1976 - -5.05%
1975 - -5.3%
1974 - -4.39%
1973 - -3.71%
1972 - -4.16%
1971 - -3.32%
1970 - -3.24%
1969 - -6.65%
1968 - -3.39%
1967 - -2.59%
1966 - -2.17%
1965 - -2.55%
1964 - -2.89%
1963 - -2.25%
1962 - -2.4%
1961 - -2.69%
1960 - -3.3%
1959 - -2.77%
1958 - -2.27%
1957 - -2.45%
1956 - -0.39%
1955 - -3.57%
1954 - -2.87%
1953 - -3.01%
1952 - -7.21%
1951 - -11.5%
1950 - -12.7%
1949 - -10.4%
1948 - -7.65%
1947 - -
1946 - -
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - -
1939 - 0.48%
1938 - 1.78%
1937 - 1.06%
1936 - 0.95%
1935 - 0.72%
1934 - 0.88%
1933 - -2.79%
1932 - -1.78%
1931 - -4%
1930 - -2.23%
1929 - -18.7%
1928 - -0.27%
1927 - 2.65%
1926 - -
1925 - -
1924 - -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 - -8.96%
1912 - -7.43%
1911 - -4.61%
1910 - -1.53%
1909 - -2.64%
1908 - -1.54%
1907 - -1.23%
1906 - 0.66%
1905 - 0.91%
1904 - -0.04%
1903 - -0.22%
1902 - -1.67%
1901 - 0.1%
1900 - 0.41%
1899 - 0.86%
1898 - -34.5%
1897 - -8.46%
1896 - 0.82%
1895 - 0.37%
1894 - 2.91%
1893 - 0.14%
1892 - -2.28%
1891 - -6.48%
1890 - -11.2%
1889 - -15.7%
1888 - -3.59%
1887 - -4.88%
1886 - -11.5%
1885 - -12.1%
1884 - -7.16%
1883 - -2.42%
1882 - -1.69%
1881 - -14.5%
1880 - -13.5%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/czech-republic/greece | 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 Greece's surplus of $3.43B, or 1.34% of GDP.

Over the past 30 years, the Czech Republic recorded a fiscal deficit in 26 of those years, while Greece ran a deficit in 26 years. On average, the Czech Republic posted an annual deficit equal to 3.16% of GDP, compared to deficit of 5.79% of GDP for Greece.

Inflation comparison by year

Inflation
Czech Republic

Greece
1x
Year Consumer prices inflation
Czech Republic Greece
2024 2.44% 2.74%
2023 10.7% 3.46%
2022 15.1% 9.65%
2021 3.84% 1.22%
2020 3.16% -1.25%
2019 2.85% 0.25%
2018 2.15% 0.63%
2017 2.45% 1.12%
2016 0.68% -0.83%
2015 0.31% -1.74%
2014 0.34% -1.31%
2013 1.44% -0.92%
2012 3.29% 1.5%
2011 1.92% 3.33%
2010 1.47% 4.71%
2009 1.02% 1.21%
2008 6.36% 4.15%
2007 2.85% 2.9%
2006 2.53% 3.2%
2005 1.86% 3.55%
2004 2.76% 2.9%
2003 0.12% 3.53%
2002 1.9% 3.63%
2001 4.66% 3.37%
2000 3.78% 3.15%
1999 2.14% 2.64%
1998 10.7% 4.77%
1997 8.6% 5.54%

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

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

Over the past 28 years, the Czech Republic has recorded an average annual inflation rate of 3.62%, compared with 2.4% in Greece. In 2024, inflation was 2.44% in the Czech Republic and 2.74% in Greece.

Top exports between countries

Czech Republic
Export category Export value
Machinery & equipment $315M
Chemicals & pharma $126M
IT & IP services $86.6M
Textiles & consumer goods $80.3M
Transport & tourism services $71.9M
Processed food, beverages & tobacco $56.7M
Animal & marine products $35.1M
Wood & paper products $22.6M
Metals $19.3M
Miscellaneous $15.5M
Greece
Export category Export value
Transport & tourism services $287M
Chemicals & pharma $128M
Metals $90M
Machinery & equipment $51.6M
Raw agricultural goods $49.8M
Processed food, beverages & tobacco $35.9M
Textiles & consumer goods $33.1M
Business & finance services $22.2M
Raw materials & minerals $21.8M
IT & IP services $8.76M

Balance of trade

Czech Republic Greece
Current account balance
$6.05B
2024
-$18.2B
2024
Current account balance ranking
31/190
2024
182/190
2024
Current account balance, % of GDP
+1.74%
2024
-7.11%
2024
Goods imports
$179B
2024
$91.2B
2024
Goods exports
$197B
2024
$52.6B
2024
Service imports
$38B
2024
$31.1B
2024
Service exports
$42.5B
2024
$55.8B
2024
Imports of goods and services, % of GDP
62.6%
2024
47.7%
2024
Exports of goods and services, % of GDP
68.9%
2024
42.1%
2024

Economic freedom indices

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

Czech Republic Greece
Economic freedom 73.2 63.2
Economic freedom ranking 25/197 82/197
Property rights 89.8 78
Government integrity 64.7 54.8
Judicial effectiveness 92.1 68
Tax burden 78.8 59.9
Government spending 44.2 24.7
Fiscal health 82.5 78.9
Business freedom 76.8 77.8
Labor freedom 55.1 59.7
Monetary freedom 75 72.6
Trade freedom 79.4 79.4
Investment freedom 70 55
Financial freedom 70 50

Economic freedom comparison by year

Czech Republic
Greece
1x
Year Economic freedom index
Czech Republic Greece
2026 73.2 63.2
2025 72.9 60.6
2024 70.2 55.1
2023 71.9 56.9
2022 74.4 61.5
2021 73.8 60.9
2020 74.8 59.9
2019 73.7 57.7
2018 74.2 57.3
2017 73.3 55
2016 73.2 53.2
2015 72.5 54
2014 72.2 55.7
2013 70.9 55.4
2012 69.9 55.4
2011 70.4 60.3
2010 69.8 62.7
2009 69.4 60.8
2008 68.1 60.6
2007 67.4 58.7
2006 66.4 60.1
2005 64.6 59
2004 67 59.1
2003 67.5 58.8
2002 66.5 59.1
2001 70.2 63.4
2000 68.6 61
1999 69.7 61
1998 68.4 60.6
1997 68.8 59.6
1996 68.1 60.5
1995 67.8 61.2

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

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

The Economic Freedom Index for the Czech Republic is 73.2, ranking 25/197, compared to 63.2 for Greece, ranking 82/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Czech Republic Greece
Services, % of GDP
60.2%
2024
68%
2024
Industry, % of GDP
29.2%
2024
15%
2024
Agriculture, forestry, and fishing, % of GDP
1.9%
2024
3.77%
2024
GNI, Atlas method
$322B
2024
$236B
2024
GNI per capita, PPP
$54,800
2024
$43,340
2024
Total reserves including gold
$146B
2024
$15.2B
2024
Total reserves ranking
22/177
2024
67/177
2024
Net foreign direct investment
-$1.87B
2024
-$4.52B
2024
Net inflows of foreign direct investment
$13.1B
2024
$6.74B
2024
Net outflows of foreign direct investment
$11.2B
2024
$2.22B
2024
Poverty at national poverty lines
10.2%
2021
18.8%
2021
Gross capital formation, % of GDP
26.3%
2024
18.3%
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/greece | 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. International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2023–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

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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.