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Economy of Czech Republic vs Indonesia compared: GDP & Debt

Updated on by Georank team

The Czech Republic has a GDP of $347B compared to $1.4T for Indonesia, ranking 44/197 and 16/197 by economy size, respectively.

The Czech Republic has $150B in government debt (43.3% of GDP), compared to $561B (40.2% of GDP) in Indonesia.

Czech Republic vs Indonesia GDP by year

Czech Republic
Indonesia
1x
Year GDP, current $
Czech Republic Indonesia
2024 $347,034,062,928 $1,396,300,098,191
2023 $345,059,295,660 $1,371,169,301,564
2022 $301,831,228,326 $1,319,101,183,380
2021 $290,972,714,482 $1,186,509,691,087
2020 $251,109,660,603 $1,059,054,842,698
2019 $256,794,209,029 $1,119,099,871,350
2018 $251,992,360,762 $1,042,271,532,989
2017 $221,563,575,696 $1,015,618,744,160
2016 $198,160,659,304 $931,877,364,038
2015 $189,107,698,562 $860,854,232,686
2014 $210,911,285,078 $890,814,755,534
2013 $213,024,360,541 $912,524,136,718
2012 $210,363,223,088 $917,869,913,333
2011 $231,429,378,717 $892,969,104,563
2010 $211,168,667,286 $755,094,157,622
2009 $206,971,882,705 $539,580,085,612
2008 $236,506,264,754 $510,228,634,992
2007 $190,040,702,287 $432,216,737,775
2006 $156,236,258,387 $364,570,515,618
2005 $137,264,185,596 $285,868,619,196
2004 $120,147,899,984 $256,836,875,295
2003 $100,435,924,705 $234,772,463,824
2002 $82,607,869,610 $195,660,611,165
2001 $68,135,304,464 $160,446,947,785
2000 $62,175,642,238 $165,021,012,078
1999 $65,586,562,605 $140,001,351,215
1998 $67,187,217,328 $95,445,547,873
1997 $62,539,765,163 $215,748,998,610
1996 $67,804,105,330 $227,369,679,375
1995 $60,572,381,311 $202,132,028,723
1994 $48,188,478,339 $176,892,143,932
1993 $41,155,654,032 $158,006,700,302
1992 $35,051,065,440 $128,026,966,580
1991 $30,071,014,282 $116,621,996,217
1990 $41,016,881,802 $106,140,727,334
1989 - $94,451,427,877
1988 - $84,300,174,486
1987 - $75,929,617,558
1986 - $79,954,072,545
1985 - $85,289,488,375
1984 - $84,853,700,028
1983 - $81,052,283,384
1982 - $90,158,449,295
1981 - $85,518,233,419
1980 - $72,482,337,397
1979 - $51,400,186,343
1978 - $51,455,719,076
1977 - $45,808,915,663
1976 - $37,269,156,627
1975 - $30,463,855,422
1974 - $25,802,409,639
1973 - $16,273,253,012
1972 - $10,997,590,361
1971 - $9,333,536,370
1970 - $9,150,684,932
1969 - $8,337,423,313
1968 - $7,076,465,300
1967 - $5,667,756,628

Data sources: World Bank | Economy & Growth (1967–2024, retrieved 2026-04-06).

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

GDP per capita in Czech Republic vs Indonesia by year

Czech Republic
GDP per capita

GDP per capita, PPP
Indonesia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Czech Republic Indonesia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $31,823 $57,285 $4,925 $16,448
2023 $31,762 $55,761 $4,876 $15,416
2022 $28,282 $52,947 $4,731 $14,285
2021 $27,696 $47,796 $4,287 $12,757
2020 $23,473 $44,839 $3,854 $11,729
2019 $24,063 $45,614 $4,107 $11,986
2018 $23,706 $41,638 $3,861 $11,372
2017 $20,913 $39,346 $3,799 $10,688
2016 $18,754 $36,445 $3,521 $10,263
2015 $17,932 $34,093 $3,288 $10,028
2014 $20,038 $32,743 $3,441 $10,065
2013 $20,260 $31,013 $3,567 $9,866
2012 $20,014 $29,466 $3,632 $9,530
2011 $22,049 $29,237 $3,579 $8,937
2010 $20,160 $28,154 $3,066 $8,353
2009 $19,817 $27,713 $2,218 $7,868
2008 $22,775 $27,938 $2,125 $7,569
2007 $18,453 $26,268 $1,823 $7,096
2006 $15,259 $23,914 $1,558 $6,583
2005 $13,442 $22,115 $1,238 $6,134
2004 $11,783 $20,988 $1,127 $5,700
2003 $9,852 $19,604 $1,043 $5,353
2002 $8,101 $18,344 $881 $5,076
2001 $6,669 $17,709 $732 $4,849
2000 $6,063 $16,332 $764 $4,639
1999 $6,378 $15,494 $657 $4,386
1998 $6,527 $15,064 $455 $4,356
1997 $6,069 $14,911 $1,045 $5,037
1996 $6,573 $14,781 $1,119 $4,807
1995 $5,865 $13,957 $1,011 $4,451
1994 $4,663 $12,862 $900 $4,096
1993 $3,984 $12,242 $817 $3,793
1992 $3,397 $11,963 $674 $3,538
1991 $2,917 $11,768 $624 $3,305
1990 $3,969 $12,848 $578 $3,044
1989 - - $524 -
1988 - - $477 -
1987 - - $438 -
1986 - - $470 -
1985 - - $511 -
1984 - - $520 -
1983 - - $508 -
1982 - - $578 -
1981 - - $561 -
1980 - - $487 -
1979 - - $353 -
1978 - - $362 -
1977 - - $331 -
1976 - - $275.7 -
1975 - - $231.1 -
1974 - - $200.7 -
1973 - - $129.9 -
1972 - - $90.1 -
1971 - - $78.5 -
1970 - - $79.1 -
1969 - - $74.1 -
1968 - - $64.7 -
1967 - - $53.2 -

Data sources: World Bank | Economy & Growth (1967–2024, retrieved 2026-04-06).

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

The Czech Republic's GDP per capita is $31,823, ranking 39/197, compared to $4,925 in Indonesia, ranking 121/197. Adjusted for purchasing power (GDP per capita PPP), the Czech Republic ranks 35th at $57,285, while Indonesia ranks 107th at $16,448.

Economic indicators

Czech Republic Indonesia
Gross domestic product
$347B
2024
$1.4T
2024
GDP rank
44/197
2024
16/197
2024
GDP growth
1.23%
2023-2024
5.03%
2023-2024
GDP per capita
$31,823
2024
$4,925
2024
GDP per capita rank
39/197
2024
121/197
2024
GDP per capita, PPP
$57,285
2024
$16,448
2024
GDP per capita PPP rank
35/197
2024
107/197
2024
Government debt
$150B
2024
$561B
2024
Debt-to-GDP ratio
43.3%
2024
40.2%
2024
Government debt per person
$13,792
2024
$1,978
2024
Government debt per person rank
43/185
2024
120/185
2024
Average annual personal income after taxes
$22,139
2026
$3,371
2026
Market capitalization of domestic companies
$34.6B
2024
$758B
2023
Number of millionaires n/a
178,605
2025
Number of billionaires
11
2025
33
2025
Income share by richest 10%
21.5%
2023
28.8%
2024
Income share by poorest 10%
3.8%
2023
3.5%
2024
Government expenditure, % of GDP
42.8%
2024
16.8%
2024
Consumer prices inflation
2.44%
2023-2024
2.18%
2023-2024
Central bank interest rate
3.5%
2025
4.75%
2025
Unemployment rate
2.6%
2024
3.31%
2023
Population
10649126
288551776

Spending and national debt comparison by year

Czech Republic
Spending

Debt
Indonesia
Spending

Debt
1x
Year % of GDP
Czech Republic Indonesia
Government spending Government debt Government spending Government debt
2024 42.8% 43.3% 16.8% 40.2%
2023 43.7% 42.2% 16.6% 39.6%
2022 43% 42.5% 17.3% 40.1%
2021 45% 40.7% 18.1% 41.1%
2020 46.3% 36.9% 18.4% 39.7%
2019 40.4% 29.6% 16.4% 30.6%
2018 40.1% 31.7% 16.6% 30.4%
2017 38.5% 33.8% 16.4% 29.4%
2016 39.4% 36.2% 16.9% 28%
2015 41.7% 39.5% 17.6% 27%
2014 42.3% 41.5% 18.4% 24.6%
2013 42.4% 44.1% 18.8% 24.9%
2012 44.4% 43.8% 18.8% 23%
2011 42.8% 39.4% 17.7% 23.1%
2010 43.2% 36.7% 16.9% 26.4%
2009 44.5% 33.4% 17% 26.5%
2008 40.9% 28.2% 19.4% 30.3%
2007 40.5% 27.3% 18.7% 38.1%
2006 41.5% 27.6% 18.4% 35.8%
2005 42.3% 27.7% 17.4% 42.6%
2004 42.2% 28.3% 17.8% 51.3%
2003 49% 28.1% 18.2% 55.6%
2002 44.4% 25.7% 16.9% 62.3%
2001 43.1% 22.6% 19.5% 73.7%
2000 40.6% 16.9% 15.3% 87.4%
1999 40.9% 15.1% 15.1% 95.9%
1998 41.6% 13.9% 15.1% 72.5%
1997 41.3% 12.1% 15.2% 26.4%
1996 41.4% 11.5% 11.5% 27.5%
1995 52.8% 13.5% 11.9% 32%
1994 - - 13.5% 37%
1993 - - 14.1% 40.4%
1992 - - 16.8% 42.6%
1991 - - 15% 39.2%
1990 - - 15.8% 40.8%
1989 - - 16.5% 42.5%
1988 - - 17.3% 45.6%
1987 - - 18% 49.7%
1986 - - 20.9% 38.3%
1985 - - 18.5% 28%
1984 - - 16.1% 23.5%
1983 - - 18.2% 23.1%
1982 - - 18.8% 18.6%
1981 - - 24.4% 16.4%
1980 - - 22.1% 17.3%
1979 - - 20.9% 22%
1978 - - 20.1% 30.3%
1977 - - 19.5% 27.7%
1976 - - 21.8% 38.1%
1975 - - 20.5% 36.7%
1974 - - 17.3% 34.4%
1973 - - 16.3% 43.1%
1972 - - 15.7% 51.2%
1971 - - 14.5% 50.5%
1970 - - 13.8% 46.7%
1969 - - 12.8% -
1968 - - 8.82% -
1967 - - 10.4% -
1966 - - 9.18% -
1965 - - 10.7% -
1964 - - 9.55% -
1963 - - 10.3% -
1962 - - 7.89% -
1961 - - 15.1% -
1960 - - 14.4% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1993–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-02-20).

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

In 2024, the Czech Republic's government spending was $148B, accounting for 42.8% of its GDP, while Indonesia spent $235B, or 16.8% of GDP.

Debt-to-GDP ratio is 43.3% in the Czech Republic and 40.2% in Indonesia, ranking 124/185 and 132/185, respectively.

Government deficit by year

Deficit/surplus
Czech Republic

Indonesia
1x
Year Deficit/surplus, % of GDP
Czech Republic Indonesia
2024 -1.99% -2.3%
2023 -3.73% -1.64%
2022 -3.07% -2.31%
2021 -4.95% -4.4%
2020 -5.65% -6.07%
2019 0.28% -2.09%
2018 0.88% -1.69%
2017 1.46% -2.26%
2016 0.68% -2.56%
2015 -0.67% -2.72%
2014 -2.09% -1.8%
2013 -1.3% -1.96%
2012 -3.92% -1.59%
2011 -2.71% -0.7%
2010 -4.14% -1.24%
2009 -5.46% -1.64%
2008 -2% 0.05%
2007 -0.68% -0.95%
2006 -2.19% 0.45%
2005 -3.06% 0.46%
2004 -2.4% -0.26%
2003 -6.87% -1.08%
2002 -6.34% -0.58%
2001 -5.76% -1.76%
2000 -3.55% -1.87%
1999 -3.08% -0.96%
1998 -4.14% -1.89%
1997 -3.14% -1.03%
1996 -2.98% 0.96%
1995 -12.3% 0.64%
1994 - 0.005%
1993 - -0.59%
1992 - -2.95%
1991 - -0.87%
1990 - -0.55%
1989 - -1.72%
1988 - -2.68%
1987 - -0.9%
1986 - -2.94%
1985 - -0.45%
1984 - 1.83%
1983 - -1%
1982 - -1.11%
1981 - -0.69%
1980 - -0.82%
1979 - -0.67%
1978 - -2.03%
1977 - -0.38%
1976 - -2.63%
1975 - -2.33%
1974 - -0.35%
1973 - -1.33%
1972 - -1.82%
1971 - -2.51%
1970 - -3.02%
1969 - -2.8%
1968 - 0%
1967 - -0.35%
1966 - -5.06%
1965 - -6.62%
1964 - -5.58%
1963 - -5.24%
1962 - -3.1%
1961 - -4.57%
1960 - -1.65%
1959 - -4.06%
1958 - -6.67%
1957 - -2.92%
1956 - -1.38%
1955 - -1.6%
1954 - -3.16%
1953 - -2.33%
1952 - -3.66%
1951 - 1.52%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1951–1992, retrieved 2026-02-20).

GeoRank.org/economy/czech-republic/indonesia | 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 Indonesia's deficit of $32.1B, or 2.3% of GDP.

Over the past 30 years, the Czech Republic recorded a fiscal deficit in 26 of those years, while Indonesia ran a deficit in 25 years. On average, the Czech Republic posted an annual deficit equal to 3.16% of GDP, compared to deficit of 1.49% of GDP for Indonesia.

Inflation comparison by year

Inflation
Czech Republic

Indonesia
1x
Year Consumer prices inflation
Czech Republic Indonesia
2024 2.44% 2.18%
2023 10.7% 3.67%
2022 15.1% 4.21%
2021 3.84% 1.56%
2020 3.16% 1.92%
2019 2.85% 3.03%
2018 2.15% 3.2%
2017 2.45% 3.81%
2016 0.68% 3.53%
2015 0.31% 6.36%
2014 0.34% 6.39%
2013 1.44% 6.41%
2012 3.29% 4.28%
2011 1.92% 5.36%
2010 1.47% 5.13%
2009 1.02% 4.39%
2008 6.36% 10.2%
2007 2.85% 6.41%
2006 2.53% 13.1%
2005 1.86% 10.5%
2004 2.76% 6.06%
2003 0.12% 6.76%
2002 1.9% 11.9%
2001 4.66% 11.5%
2000 3.78% 3.69%
1999 2.14% 20.5%
1998 10.7% 58.5%
1997 8.6% 6.23%

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

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

Over the past 28 years, the Czech Republic has recorded an average annual inflation rate of 3.62%, compared with 8.24% in Indonesia. In 2024, inflation was 2.44% in the Czech Republic and 2.18% in Indonesia.

Top exports between countries

Czech Republic
Export category Export value
Machinery & equipment $82.2M
Wood & paper products $44.3M
Chemicals & pharma $26.3M
IT & IP services $16.3M
Textiles & consumer goods $8.02M
Transport & tourism services $6.81M
Business & finance services $5.84M
Raw materials & minerals $4.1M
Weapons & explosives $1.73M
Metals $1.69M
Indonesia
Export category Export value
Textiles & consumer goods $27M
Machinery & equipment $17.4M
Raw materials & minerals $3.93M
Raw agricultural goods $2.12M
Metals $1.18M
Chemicals & pharma $1.17M
Processed food, beverages & tobacco $1.08M
Animal & marine products $922K
Wood & paper products $675K
Precious metals & jewellery $391K

Balance of trade

Czech Republic Indonesia
Current account balance
$6.05B
2024
-$8.72B
2024
Current account balance ranking
31/190
2024
174/190
2024
Current account balance, % of GDP
+1.74%
2024
-0.62%
2024
Goods imports
$179B
2024
$223B
2024
Goods exports
$197B
2024
$263B
2024
Service imports
$38B
2024
$57.6B
2024
Service exports
$42.5B
2024
$39B
2024
Imports of goods and services, % of GDP
62.6%
2024
20.4%
2024
Exports of goods and services, % of GDP
68.9%
2024
22.2%
2024

Economic freedom indices

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

Czech Republic Indonesia
Economic freedom 73.2 65.1
Economic freedom ranking 25/197 67/197
Property rights 89.8 39.7
Government integrity 64.7 42
Judicial effectiveness 92.1 43.1
Tax burden 78.8 81.5
Government spending 44.2 91.4
Fiscal health 82.5 89.8
Business freedom 76.8 69.2
Labor freedom 55.1 56.8
Monetary freedom 75 79.4
Trade freedom 79.4 78.6
Investment freedom 70 50
Financial freedom 70 60

Economic freedom comparison by year

Czech Republic
Indonesia
1x
Year Economic freedom index
Czech Republic Indonesia
2026 73.2 65.1
2025 72.9 65.2
2024 70.2 63.5
2023 71.9 63.5
2022 74.4 64.4
2021 73.8 66.9
2020 74.8 67.2
2019 73.7 65.8
2018 74.2 64.2
2017 73.3 61.9
2016 73.2 59.4
2015 72.5 58.1
2014 72.2 58.5
2013 70.9 56.9
2012 69.9 56.4
2011 70.4 56
2010 69.8 55.5
2009 69.4 53.4
2008 68.1 53.2
2007 67.4 53.2
2006 66.4 51.9
2005 64.6 52.9
2004 67 52.1
2003 67.5 55.8
2002 66.5 54.8
2001 70.2 52.5
2000 68.6 55.2
1999 69.7 61.5
1998 68.4 63.4
1997 68.8 62
1996 68.1 61
1995 67.8 54.9

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

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

The Economic Freedom Index for the Czech Republic is 73.2, ranking 25/197, compared to 65.1 for Indonesia, ranking 67/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Czech Republic Indonesia
Services, % of GDP
60.2%
2024
43.8%
2024
Industry, % of GDP
29.2%
2024
39.3%
2024
Agriculture, forestry, and fishing, % of GDP
1.9%
2024
12.6%
2024
GNI, Atlas method
$322B
2024
$1.39T
2024
GNI per capita, PPP
$54,800
2024
$16,010
2024
Total reserves including gold
$146B
2024
$156B
2024
Total reserves ranking
22/177
2024
20/177
2024
Net foreign direct investment
-$1.87B
2024
-$15.9B
2024
Net inflows of foreign direct investment
$13.1B
2024
$24.2B
2024
Net outflows of foreign direct investment
$11.2B
2024
$8.39B
2024
Servicing debt to the IMF, % of GNI n/a
5.65%
2024
Poverty at national poverty lines
10.2%
2021
9%
2024
Gross capital formation, % of GDP
26.3%
2024
31.4%
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/indonesia | CC BY

Compare countries by 7 more topics

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Data sources:

  1. World Bank | Economy & Growth (1967–2024, 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 (1951–1999, 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)

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.