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Economy of Czech Republic vs Jamaica compared: GDP & Debt

Updated on by Georank team

The Czech Republic has a GDP of $347B compared to $22B for Jamaica, ranking 44/197 and 124/197 by economy size, respectively.

The Czech Republic has $150B in government debt (43.3% of GDP), compared to $14B (63.4% of GDP) in Jamaica.

Czech Republic vs Jamaica GDP by year

Czech Republic
Jamaica
1x
Year GDP, current $
Czech Republic Jamaica
2024 $347,034,062,928 $22,014,397,090
2023 $345,059,295,660 $21,418,804,320
2022 $301,831,228,326 $18,813,516,805
2021 $290,972,714,482 $15,963,885,376
2020 $251,109,660,603 $15,000,214,216
2019 $256,794,209,029 $17,026,269,263
2018 $251,992,360,762 $16,855,447,986
2017 $221,563,575,696 $15,783,583,237
2016 $198,160,659,304 $14,898,999,754
2015 $189,107,698,562 $14,963,589,916
2014 $210,911,285,078 $13,899,217,680
2013 $213,024,360,541 $14,264,205,153
2012 $210,363,223,088 $14,807,086,556
2011 $231,429,378,717 $14,444,661,522
2010 $211,168,667,286 $13,220,549,908
2009 $206,971,882,705 $12,120,458,115
2008 $236,506,264,754 $13,709,401,520
2007 $190,040,702,287 $12,799,600,047
2006 $156,236,258,387 $11,930,179,090
2005 $137,264,185,596 $11,243,865,778
2004 $120,147,899,984 $10,174,664,854
2003 $100,435,924,705 $9,430,234,811
2002 $82,607,869,610 $9,719,009,495
2001 $68,135,304,464 $9,194,727,831
2000 $62,175,642,238 $9,005,064,475
1999 $65,586,562,605 $8,887,057,997
1998 $67,187,217,328 $8,787,195,622
1997 $62,539,765,163 $8,400,041,724
1996 $67,804,105,330 $7,393,891,921
1995 $60,572,381,311 $6,577,520,643
1994 $48,188,478,339 $5,452,558,947
1993 $41,155,654,032 $5,440,075,676
1992 $35,051,065,440 $3,535,460,090
1991 $30,071,014,282 $4,106,207,649
1990 $41,016,881,802 $4,592,208,087
1989 - $4,404,937,853
1988 - $3,828,342,820
1987 - $3,287,007,322
1986 - $2,754,549,582
1985 - $2,100,239,019
1984 - $2,373,564,549
1983 - $3,619,262,277
1982 - $3,293,496,312
1981 - $2,979,027,966
1980 - $2,679,379,372
1979 - $2,425,064,229
1978 - $2,644,527,822
1977 - $3,249,733,140
1976 - $2,966,042,856
1975 - $2,860,442,750
1974 - $2,375,122,375
1973 - $1,905,917,553
1972 - $1,875,146,587
1971 - $1,539,861,816
1970 - $1,404,720,442
1969 - $1,191,239,047
1968 - $1,083,839,133
1967 - $1,148,014,311
1966 - $1,096,759,561
1965 - $972,159,611
1964 - $897,949,001
1963 - $826,706,669
1962 - $777,727,689
1961 - $748,043,501
1960 - $699,064,380

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

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

GDP per capita in Czech Republic vs Jamaica by year

Czech Republic
GDP per capita

GDP per capita, PPP
Jamaica
GDP per capita

GDP per capita, PPP
1x
Year Current $
Czech Republic Jamaica
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $31,823 $57,285 $7,754 $12,890
2023 $31,762 $55,761 $7,542 $12,651
2022 $28,282 $52,947 $6,626 $11,888
2021 $27,696 $47,796 $5,626 $10,431
2020 $23,473 $44,839 $5,299 $9,764
2019 $24,063 $45,614 $6,031 $10,845
2018 $23,706 $41,638 $5,977 $10,753
2017 $20,913 $39,346 $5,605 $10,466
2016 $18,754 $36,445 $5,302 $9,948
2015 $17,932 $34,093 $5,339 $9,476
2014 $20,038 $32,743 $4,975 $9,210
2013 $20,260 $31,013 $5,124 $9,101
2012 $20,014 $29,466 $5,341 $8,831
2011 $22,049 $29,237 $5,233 $8,809
2010 $20,160 $28,154 $4,810 $8,521
2009 $19,817 $27,713 $4,428 $8,580
2008 $22,775 $27,938 $5,030 $8,952
2007 $18,453 $26,268 $4,716 $8,893
2006 $15,259 $23,914 $4,417 $8,577
2005 $13,442 $22,115 $4,184 $8,127
2004 $11,783 $20,988 $3,808 $7,854
2003 $9,852 $19,604 $3,550 $7,593
2002 $8,101 $18,344 $3,681 $7,226
2001 $6,669 $17,709 $3,504 $7,019
2000 $6,063 $16,332 $3,453 $6,816
1999 $6,378 $15,494 $3,432 $6,653
1998 $6,527 $15,064 $3,419 $6,543
1997 $6,069 $14,911 $3,297 $6,682
1996 $6,573 $14,781 $2,929 $6,706
1995 $5,865 $13,957 $2,631 $6,657
1994 $4,663 $12,862 $2,203 $6,435
1993 $3,984 $12,242 $2,221 $6,279
1992 $3,397 $11,963 $1,458 $5,664
1991 $2,917 $11,768 $1,710 $5,485
1990 $3,969 $12,848 $1,930 $5,106
1989 - - $1,865 -
1988 - - $1,632 -
1987 - - $1,411 -
1986 - - $1,191 -
1985 - - $917 -
1984 - - $1,048 -
1983 - - $1,619 -
1982 - - $1,494 -
1981 - - $1,370 -
1980 - - $1,249 -
1979 - - $1,144 -
1978 - - $1,262 -
1977 - - $1,569 -
1976 - - $1,450 -
1975 - - $1,417 -
1974 - - $1,193 -
1973 - - $972 -
1972 - - $971 -
1971 - - $809 -
1970 - - $748 -
1969 - - $642 -
1968 - - $591 -
1967 - - $633 -
1966 - - $612 -
1965 - - $549 -
1964 - - $514 -
1963 - - $480 -
1962 - - $458 -
1961 - - $447 -
1960 - - $424 -

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

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

The Czech Republic's GDP per capita is $31,823, ranking 39/197, compared to $7,754 in Jamaica, ranking 95/197. Adjusted for purchasing power (GDP per capita PPP), the Czech Republic ranks 35th at $57,285, while Jamaica ranks 121st at $12,890.

Economic indicators

Czech Republic Jamaica
Gross domestic product
$347B
2024
$22B
2024
GDP rank
44/197
2024
124/197
2024
GDP growth
1.23%
2023-2024
-0.54%
2023-2024
GDP per capita
$31,823
2024
$7,754
2024
GDP per capita rank
39/197
2024
95/197
2024
GDP per capita, PPP
$57,285
2024
$12,890
2024
GDP per capita PPP rank
35/197
2024
121/197
2024
Government debt
$150B
2024
$14B
2024
Debt-to-GDP ratio
43.3%
2024
63.4%
2024
Government debt per person
$13,792
2024
$4,917
2024
Government debt per person rank
43/185
2024
79/185
2024
Average annual personal income after taxes
$22,139
2026
$6,905
2026
Market capitalization of domestic companies
$34.6B
2024
$12.4B
2024
Number of billionaires
11
2025
n/a
Income share by richest 10%
21.5%
2023
29.6%
2021
Income share by poorest 10%
3.8%
2023
2.2%
2021
Government expenditure, % of GDP
42.8%
2024
30.5%
2024
Consumer prices inflation
2.44%
2023-2024
5.41%
2023-2024
Central bank interest rate
3.5%
2025
5.75%
2025
Unemployment rate
2.6%
2024
3.02%
2023
Population
10649126
2834980

Spending and national debt comparison by year

Czech Republic
Spending

Debt
Jamaica
Spending

Debt
1x
Year % of GDP
Czech Republic Jamaica
Government spending Government debt Government spending Government debt
2024 42.8% 43.3% 30.5% 63.4%
2023 43.7% 42.2% 28% 67.3%
2022 43% 42.5% 28.4% 73.5%
2021 45% 40.7% 29% 90.9%
2020 46.3% 36.9% 29.8% 100.1%
2019 40.4% 29.6% 27.8% 88.6%
2018 40.1% 31.7% 27.8% 89.2%
2017 38.5% 33.8% 27.3% 96.7%
2016 39.4% 36.2% 27% 109.1%
2015 41.7% 39.5% 26.3% 117.6%
2014 42.3% 41.5% 26.5% 136.7%
2013 42.4% 44.1% 26.9% 138.1%
2012 44.4% 43.8% 29.6% 143%
2011 42.8% 39.4% 31.7% 138.1%
2010 43.2% 36.7% 32.9% 140.1%
2009 44.5% 33.4% 38.6% 141.5%
2008 40.9% 28.2% 34.4% 125.6%
2007 40.5% 27.3% 31.6% 115.3%
2006 41.5% 27.6% 31.2% 118%
2005 42.3% 27.7% 29.3% 124.5%
2004 42.2% 28.3% 31.5% 120.1%
2003 49% 28.1% 32.5% 125.5%
2002 44.4% 25.7% 31.1% 119.1%
2001 43.1% 22.6% 28.5% 107.9%
2000 40.6% 16.9% 26.2% 91.3%
1999 40.9% 15.1% 28.9% 83.5%
1998 41.6% 13.9% 28.3% 75.6%
1997 41.3% 12.1% 28.3% 74.4%
1996 41.4% 11.5% 27.7% 70.2%
1995 52.8% 13.5% 23.1% 85.2%
1994 - - 21.5% 90.4%
1993 - - 21.5% 106.2%
1992 - - 20% 100.4%
1991 - - 24.5% 175.1%
1990 - - 25.7% 128.8%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1990–1998, retrieved 2026-02-20).

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

In 2024, the Czech Republic's government spending was $148B, accounting for 42.8% of its GDP, while Jamaica spent $6.72B, or 30.5% of GDP.

Debt-to-GDP ratio is 43.3% in the Czech Republic and 63.4% in Jamaica, ranking 124/185 and 73/185, respectively.

Government deficit by year

Deficit/surplus
Czech Republic

Jamaica
1x
Year Deficit/surplus, % of GDP
Czech Republic Jamaica
2024 -1.99% 0.22%
2023 -3.73% 0.04%
2022 -3.07% 0.27%
2021 -4.95% 0.89%
2020 -5.65% -2.83%
2019 0.28% 0.85%
2018 0.88% 1.12%
2017 1.46% 0.43%
2016 0.68% -0.19%
2015 -0.67% -0.28%
2014 -2.09% -0.49%
2013 -1.3% 0.12%
2012 -3.92% -4.05%
2011 -2.71% -6.34%
2010 -4.14% -6.27%
2009 -5.46% -11.1%
2008 -2% -7.43%
2007 -0.68% -3.82%
2006 -2.19% -4.9%
2005 -3.06% -3.3%
2004 -2.4% -4.68%
2003 -6.87% -5.67%
2002 -6.34% -6.77%
2001 -5.76% -4.89%
2000 -3.55% -0.8%
1999 -3.08% -3.53%
1998 -4.14% -5.82%
1997 -3.14% -6.54%
1996 -2.98% -5.32%
1995 -12.3% 1.6%
1994 - 2.59%
1993 - 2.6%
1992 - 3.11%
1991 - 3.87%
1990 - 2.34%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/czech-republic/jamaica | 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 Jamaica's surplus of $49.1M, or 0.22% of GDP.

Over the past 30 years, the Czech Republic recorded a fiscal deficit in 26 of those years, while Jamaica ran a deficit in 21 years. On average, the Czech Republic posted an annual deficit equal to 3.16% of GDP, compared to deficit of 2.98% of GDP for Jamaica.

Inflation comparison by year

Inflation
Czech Republic

Jamaica
1x
Year Consumer prices inflation
Czech Republic Jamaica
2024 2.44% 5.41%
2023 10.7% 6.47%
2022 15.1% 10.3%
2021 3.84% 5.86%
2020 3.16% 5.23%
2019 2.85% 3.91%
2018 2.15% 3.74%
2017 2.45% 4.38%
2016 0.68% 2.35%
2015 0.31% 3.69%
2014 0.34% 8.27%
2013 1.44% 9.34%
2012 3.29% 6.87%
2011 1.92% 7.56%
2010 1.47% 12.6%
2009 1.02% 9.59%
2008 6.36% 22%
2007 2.85% 9.24%
2006 2.53% 8.56%
2005 1.86% 15.1%
2004 2.76% 13.6%
2003 0.12% 10.1%
2002 1.9% 7.08%
2001 4.66% 6.8%
2000 3.78% 8.17%
1999 2.14% 5.95%
1998 10.7% 8.63%
1997 8.6% 9.66%

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

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

Over the past 28 years, the Czech Republic has recorded an average annual inflation rate of 3.62%, compared with 8.23% in Jamaica. In 2024, inflation was 2.44% in the Czech Republic and 5.41% in Jamaica.

Top exports between countries

Czech Republic
Export category Export value
Textiles & consumer goods $555K
Metals $63K
Chemicals & pharma $57K
Machinery & equipment $43K
Wood & paper products $33K
Animal & marine products $8K
Processed food, beverages & tobacco $1K
Raw materials & minerals $1K
Jamaica
Export category Export value
Raw agricultural goods $2K

Balance of trade

Czech Republic Jamaica
Current account balance
$6.05B
2024
$679M
2024
Current account balance ranking
31/190
2024
56/190
2024
Current account balance, % of GDP
+1.74%
2024
+3.08%
2024
Goods imports
$179B
2024
$6.07B
2024
Goods exports
$197B
2024
$1.87B
2024
Service imports
$38B
2024
$3.46B
2024
Service exports
$42.5B
2024
$5.26B
2024
Imports of goods and services, % of GDP
62.6%
2024
52.1%
2019
Exports of goods and services, % of GDP
68.9%
2024
38%
2019

Economic freedom indices

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

Czech Republic Jamaica
Economic freedom 73.2 68.2
Economic freedom ranking 25/197 48/197
Property rights 89.8 66.8
Government integrity 64.7 49.4
Judicial effectiveness 92.1 75.6
Tax burden 78.8 76.3
Government spending 44.2 76
Fiscal health 82.5 92.2
Business freedom 76.8 68.5
Labor freedom 55.1 59.2
Monetary freedom 75 74.2
Trade freedom 79.4 70.4
Investment freedom 70 60
Financial freedom 70 50

Economic freedom comparison by year

Czech Republic
Jamaica
1x
Year Economic freedom index
Czech Republic Jamaica
2026 73.2 68.2
2025 72.9 68.7
2024 70.2 68.1
2023 71.9 68.1
2022 74.4 67.4
2021 73.8 69
2020 74.8 68.5
2019 73.7 68.6
2018 74.2 69.1
2017 73.3 69.5
2016 73.2 67.5
2015 72.5 67.7
2014 72.2 66.7
2013 70.9 66.8
2012 69.9 65.1
2011 70.4 65.7
2010 69.8 65.5
2009 69.4 65.2
2008 68.1 65.7
2007 67.4 65.5
2006 66.4 66.4
2005 64.6 67
2004 67 66.7
2003 67.5 67
2002 66.5 61.7
2001 70.2 63.7
2000 68.6 65.5
1999 69.7 64.7
1998 68.4 67.1
1997 68.8 67.7
1996 68.1 66.7
1995 67.8 64.4

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

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

The Economic Freedom Index for the Czech Republic is 73.2, ranking 25/197, compared to 68.2 for Jamaica, ranking 48/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Czech Republic Jamaica
Services, % of GDP
60.2%
2024
60%
2024
Industry, % of GDP
29.2%
2024
16.5%
2024
Agriculture, forestry, and fishing, % of GDP
1.9%
2024
7.97%
2024
GNI, Atlas method
$322B
2024
$20.5B
2024
GNI per capita, PPP
$54,800
2024
$12,690
2024
Total reserves including gold
$146B
2024
$5.63B
2024
Total reserves ranking
22/177
2024
93/177
2024
Net foreign direct investment
-$1.87B
2024
-$304M
2024
Net inflows of foreign direct investment
$13.1B
2024
$305M
2024
Net outflows of foreign direct investment
$11.2B
2024
$1.07M
2024
Servicing debt to the IMF, % of GNI n/a
11.3%
2024
Poverty at national poverty lines
10.2%
2021
8.2%
2023
Gross capital formation, % of GDP
26.3%
2024
22.6%
2019

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/jamaica | 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. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1990–1998, retrieved 2026-02-20)
  6. TradeMap (2020–2024, 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.