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Economy of Czech Republic vs Kuwait compared: GDP & Debt

Updated on by Georank team

The Czech Republic has a GDP of $347B compared to $160B for Kuwait, ranking 44/197 and 59/197 by economy size, respectively.

The Czech Republic has $150B in government debt (43.3% of GDP), compared to $4.68B (2.92% of GDP) in Kuwait.

Czech Republic vs Kuwait GDP by year

Czech Republic
Kuwait
1x
Year GDP, current $
Czech Republic Kuwait
2024 $347,034,062,928 $160,227,273,053
2023 $345,059,295,660 $165,384,407,116
2022 $301,831,228,326 $183,502,046,694
2021 $290,972,714,482 $148,350,671,489
2020 $251,109,660,603 $111,045,470,606
2019 $256,794,209,029 $140,856,394,861
2018 $251,992,360,762 $138,646,316,351
2017 $221,563,575,696 $120,687,539,806
2016 $198,160,659,304 $109,406,674,125
2015 $189,107,698,562 $114,585,555,689
2014 $210,911,285,078 $162,650,450,685
2013 $213,024,360,541 $174,168,116,535
2012 $210,363,223,088 $174,047,662,680
2011 $231,429,378,717 $154,039,231,246
2010 $211,168,667,286 $115,416,245,242
2009 $206,971,882,705 $105,968,691,905
2008 $236,506,264,754 $147,379,737,230
2007 $190,040,702,287 $114,634,043,362
2006 $156,236,258,387 $101,557,330,723
2005 $137,264,185,596 $80,798,630,137
2004 $120,147,899,984 $59,439,090,601
2003 $100,435,924,705 $47,874,582,232
2002 $82,607,869,610 $38,135,788,414
2001 $68,135,304,464 $34,889,559,870
2000 $62,175,642,238 $37,718,743,480
1999 $65,586,562,605 $30,122,365,849
1998 $67,187,217,328 $25,943,705,784
1997 $62,539,765,163 $30,350,190,704
1996 $67,804,105,330 $31,492,373,309
1995 $60,572,381,311 $27,186,980,647
1994 $48,188,478,339 $24,848,483,838
1993 $41,155,654,032 $23,941,391,391
1992 $35,051,065,440 $19,858,555,215
1991 $30,071,014,282 $11,009,993,703
1990 $41,016,881,802 $18,427,777,778
1989 - $24,313,855,653
1988 - $20,690,322,153
1987 - $22,368,704,134
1986 - $17,903,989,745
1985 - $21,445,970,614
1984 - $21,700,082,753
1983 - $20,871,081,080
1982 - $21,577,153,356
1981 - $25,058,020,338
1980 - $28,638,868,356
1979 - $24,749,063,922
1978 - $15,503,557,496
1977 - $14,137,406,741
1976 - $13,132,252,802
1975 - $12,022,811,621
1974 - $13,006,948,296
1973 - $5,408,804,607
1972 - $4,450,537,925
1971 - $3,880,392,195
1970 - $2,873,638,851
1969 - $2,769,198,892
1968 - $2,662,798,935
1967 - $2,441,599,023
1966 - $2,391,199,044
1965 - $2,097,199,161
1964 - $2,071,668,533
1963 - $1,900,895,857
1962 - $1,828,107,503

Data sources: World Bank | Economy & Growth (1962–2024, retrieved 2026-04-06).

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

GDP per capita in Czech Republic vs Kuwait by year

Czech Republic
GDP per capita

GDP per capita, PPP
Kuwait
GDP per capita

GDP per capita, PPP
1x
Year Current $
Czech Republic Kuwait
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $31,823 $57,285 $32,718 $52,444
2023 $31,762 $55,761 $34,076 $53,025
2022 $28,282 $52,947 $39,982 $55,043
2021 $27,696 $47,796 $34,019 $50,652
2020 $23,473 $44,839 $25,236 $41,462
2019 $24,063 $45,614 $31,708 $50,703
2018 $23,706 $41,638 $32,068 $51,371
2017 $20,913 $39,346 $29,048 $46,566
2016 $18,754 $36,445 $27,324 $41,862
2015 $17,932 $34,093 $29,882 $45,267
2014 $20,038 $32,743 $44,369 $68,337
2013 $20,260 $31,013 $49,651 $76,813
2012 $20,014 $29,466 $52,155 $82,090
2011 $22,049 $29,237 $49,170 $79,037
2010 $20,160 $28,154 $39,212 $75,184
2009 $19,817 $27,713 $37,907 $80,110
2008 $22,775 $27,938 $55,585 $90,337
2007 $18,453 $26,268 $45,709 $91,435
2006 $15,259 $23,914 $42,947 $89,075
2005 $13,442 $22,115 $36,123 $84,968
2004 $11,783 $20,988 $27,552 $77,227
2003 $9,852 $19,604 $22,691 $69,752
2002 $8,101 $18,344 $18,513 $59,713
2001 $6,669 $17,709 $17,374 $58,553
2000 $6,063 $16,332 $19,296 $58,703
1999 $6,378 $15,494 $15,854 $56,406
1998 $6,527 $15,064 $14,067 $58,344
1997 $6,069 $14,911 $16,977 $57,420
1996 $6,573 $14,781 $18,201 $56,913
1995 $5,865 $13,957 $16,168 $57,163
1994 $4,663 $12,862 $14,930 $53,946
1993 $3,984 $12,242 $14,318 $48,482
1992 $3,397 $11,963 $12,146 $36,149
1991 $2,917 $11,768 $8,147 $23,390
1990 $3,969 $12,848 $10,938 $30,763
1989 - - $10,965 -
1988 - - $9,692 -
1987 - - $10,896 -
1986 - - $9,077 -
1985 - - $11,322 -
1984 - - $11,919 -
1983 - - $11,965 -
1982 - - $12,979 -
1981 - - $15,825 -
1980 - - $19,032 -
1979 - - $17,386 -
1978 - - $11,567 -
1977 - - $11,238 -
1976 - - $11,141 -
1975 - - $10,882 -
1974 - - $12,527 -
1973 - - $5,532 -
1972 - - $4,836 -
1971 - - $4,486 -
1970 - - $3,552 -
1969 - - $3,695 -
1968 - - $3,872 -
1967 - - $3,887 -
1966 - - $4,176 -
1965 - - $4,024 -
1964 - - $4,379 -
1963 - - $4,445 -
1962 - - $4,748 -

Data sources: World Bank | Economy & Growth (1962–2024, retrieved 2026-04-06).

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

The Czech Republic's GDP per capita is $31,823, ranking 39/197, compared to $32,718 in Kuwait, ranking 37/197. Adjusted for purchasing power (GDP per capita PPP), the Czech Republic ranks 35th at $57,285, while Kuwait ranks 40th at $52,444.

Economic indicators

Czech Republic Kuwait
Gross domestic product
$347B
2024
$160B
2024
GDP rank
44/197
2024
59/197
2024
GDP growth
1.23%
2023-2024
-2.56%
2023-2024
GDP per capita
$31,823
2024
$32,718
2024
GDP per capita rank
39/197
2024
37/197
2024
GDP per capita, PPP
$57,285
2024
$52,444
2024
GDP per capita PPP rank
35/197
2024
40/197
2024
Government debt
$150B
2024
$4.68B
2024
Debt-to-GDP ratio
43.3%
2024
2.92%
2024
Government debt per person
$13,792
2024
$956
2024
Government debt per person rank
43/185
2024
143/185
2024
Average annual personal income after taxes
$22,139
2026
$23,828
2026
Market capitalization of domestic companies
$34.6B
2024
$141B
2024
Number of billionaires
11
2025
n/a
Income share by richest 10%
21.5%
2023
n/a
Income share by poorest 10%
3.8%
2023
n/a
Government expenditure, % of GDP
42.8%
2024
50.4%
2024
Consumer prices inflation
2.44%
2023-2024
2.9%
2023-2024
Central bank interest rate
3.5%
2025
3.5%
2025
Unemployment rate
2.6%
2024
2.16%
2016
Population
10649126
5100145

Spending and national debt comparison by year

Czech Republic
Spending

Debt
Kuwait
Spending

Debt
1x
Year % of GDP
Czech Republic Kuwait
Government spending Government debt Government spending Government debt
2024 42.8% 43.3% 50.4% 2.92%
2023 43.7% 42.2% 48.3% 3.13%
2022 43% 42.5% 39.6% 2.95%
2021 45% 40.7% 48.3% 7.2%
2020 46.3% 36.9% 62.9% 10.2%
2019 40.4% 29.6% 50.3% 10.5%
2018 40.1% 31.7% 51.1% 14.3%
2017 38.5% 33.8% 51.9% 19.6%
2016 39.4% 36.2% 54.1% 9.88%
2015 41.7% 39.5% 55.4% 4.6%
2014 42.3% 41.5% 45% 3.43%
2013 42.4% 44.1% 38.4% 3.09%
2012 44.4% 43.8% 38.2% 3.6%
2011 42.8% 39.4% 39.7% 4.64%
2010 43.2% 36.7% 45.5% 6.16%
2009 44.5% 33.4% 42.9% 6.65%
2008 40.9% 28.2% 40.9% 5.38%
2007 40.5% 27.3% 30.4% 7.05%
2006 41.5% 27.6% 32.3% 7.79%
2005 42.3% 27.7% 28.8% 10.2%
2004 42.2% 28.3% 35.3% 13.9%
2003 49% 28.1% 38.2% 17.2%
2002 44.4% 25.7% 42.8% 21.3%
2001 43.1% 22.6% 41.4% 23%
2000 40.6% 16.9% 29.9% 21.4%
1999 40.9% 15.1% 44.5% 25.5%
1998 41.6% 13.9% 51.7% 25.6%
1997 41.3% 12.1% 43.8% 24.3%
1996 41.4% 11.5% 42.8% 26.5%
1995 52.8% 13.5% 52% 34.9%
1994 - - 57.8% 37.7%
1993 - - 58.2% 28.8%
1992 - - 77.6% 27.9%
1991 - - 208.9% 45.3%
1990 - - 122.9% -

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

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

In 2024, the Czech Republic's government spending was $148B, accounting for 42.8% of its GDP, while Kuwait spent $80.8B, or 50.4% of GDP.

Debt-to-GDP ratio is 43.3% in the Czech Republic and 2.92% in Kuwait, ranking 124/185 and 184/185, respectively.

Government deficit by year

Deficit/surplus
Czech Republic

Kuwait
1x
Year Deficit/surplus, % of GDP
Czech Republic Kuwait
2024 -1.99% 23.8%
2023 -3.73% 28.2%
2022 -3.07% 30%
2021 -4.95% 9.98%
2020 -5.65% 0.14%
2019 0.28% 13%
2018 0.88% 17.5%
2017 1.46% 15.3%
2016 0.68% 13.1%
2015 -0.67% 16.6%
2014 -2.09% 30%
2013 -1.3% 40.6%
2012 -3.92% 40.7%
2011 -2.71% 38.8%
2010 -4.14% 31.9%
2009 -5.46% 31.3%
2008 -2% 21.3%
2007 -0.68% 37.1%
2006 -2.19% 28%
2005 -3.06% 38.9%
2004 -2.4% 32.5%
2003 -6.87% 27.2%
2002 -6.34% 31%
2001 -5.76% 45.2%
2000 -3.55% 52.5%
1999 -3.08% 28.2%
1998 -4.14% 19.5%
1997 -3.14% 29.5%
1996 -2.98% 24.3%
1995 -12.3% 11.7%
1994 - 1.76%
1993 - -3.12%
1992 - -28.1%
1991 - -145%
1990 - -50%

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

GeoRank.org/economy/czech-republic/kuwait | 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 Kuwait's surplus of $38.1B, or 23.8% of GDP.

Over the past 30 years, the Czech Republic recorded a fiscal deficit in 26 of those years, while Kuwait ran a deficit in 0 years. On average, the Czech Republic posted an annual deficit equal to 3.16% of GDP, compared to surplus of 26.9% of GDP for Kuwait.

Inflation comparison by year

Inflation
Czech Republic

Kuwait
1x
Year Consumer prices inflation
Czech Republic Kuwait
2024 2.44% 2.9%
2023 10.7% 3.64%
2022 15.1% 3.98%
2021 3.84% 3.42%
2020 3.16% 2.1%
2019 2.85% 1.09%
2018 2.15% 0.54%
2017 2.45% 2.17%
2016 0.68% 3.2%
2015 0.31% 3.27%
2014 0.34% 2.91%
2013 1.44% 2.68%
2012 3.29% 3.26%
2011 1.92% 4.84%
2010 1.47% 4.5%
2009 1.02% 4.61%
2008 6.36% 10.6%
2007 2.85% 5.48%
2006 2.53% 3.06%
2005 1.86% 4.14%
2004 2.76% 1.25%
2003 0.12% 0.96%
2002 1.9% 0.89%
2001 4.66% 1.3%
2000 3.78% 1.81%
1999 2.14% 2.99%
1998 10.7% 0.13%
1997 8.6% 0.68%

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

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

Over the past 28 years, the Czech Republic has recorded an average annual inflation rate of 3.62%, compared with 2.94% in Kuwait. In 2024, inflation was 2.44% in the Czech Republic and 2.9% in Kuwait.

Top exports between countries

Czech Republic
Export category Export value
Machinery & equipment $88.3M
Processed food, beverages & tobacco $4.2M
Textiles & consumer goods $4.16M
Raw materials & minerals $2.01M
Animal & marine products $1.77M
Chemicals & pharma $1.61M
Wood & paper products $1.09M
Miscellaneous $1.06M
Weapons & explosives $665K
Metals $520K
Kuwait
Export category Export value
Machinery & equipment $1.2M
Chemicals & pharma $101K
Textiles & consumer goods $70K
Weapons & explosives $15K
Metals $13K
Miscellaneous $3K

Balance of trade

Czech Republic Kuwait
Current account balance
$6.05B
2024
$46.7B
2024
Current account balance ranking
31/190
2024
15/190
2024
Current account balance, % of GDP
+1.74%
2024
+29.1%
2024
Goods imports
$179B
2024
$33.4B
2024
Goods exports
$197B
2024
$77.5B
2024
Service imports
$38B
2024
$28.1B
2024
Service exports
$42.5B
2024
$12.2B
2024
Imports of goods and services, % of GDP
62.6%
2024
38.3%
2023
Exports of goods and services, % of GDP
68.9%
2024
57.7%
2023

Economic freedom indices

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

Czech Republic Kuwait
Economic freedom 73.2 59.9
Economic freedom ranking 25/197 100/197
Property rights 89.8 42
Government integrity 64.7 47.9
Judicial effectiveness 92.1 43.4
Tax burden 78.8 97.7
Government spending 44.2 36.2
Fiscal health 82.5 99.9
Business freedom 76.8 57.4
Labor freedom 55.1 49.2
Monetary freedom 75 68.7
Trade freedom 79.4 75.8
Investment freedom 70 50
Financial freedom 70 50

Economic freedom comparison by year

Czech Republic
Kuwait
1x
Year Economic freedom index
Czech Republic Kuwait
2026 73.2 59.9
2025 72.9 59.9
2024 70.2 58.5
2023 71.9 56.7
2022 74.4 58.3
2021 73.8 64.1
2020 74.8 63.2
2019 73.7 60.8
2018 74.2 62.2
2017 73.3 65.1
2016 73.2 62.7
2015 72.5 62.5
2014 72.2 62.3
2013 70.9 63.1
2012 69.9 62.5
2011 70.4 64.9
2010 69.8 67.7
2009 69.4 65.6
2008 68.1 68.1
2007 67.4 66.4
2006 66.4 66.5
2005 64.6 64.6
2004 67 63.6
2003 67.5 66.7
2002 66.5 65.4
2001 70.2 68.2
2000 68.6 69.7
1999 69.7 69.5
1998 68.4 66.3
1997 68.8 64.8
1996 68.1 66.1
1995 67.8 -

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

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

The Economic Freedom Index for the Czech Republic is 73.2, ranking 25/197, compared to 59.9 for Kuwait, ranking 100/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Czech Republic Kuwait
Services, % of GDP
60.2%
2024
55.9%
2024
Industry, % of GDP
29.2%
2024
57.1%
2024
Agriculture, forestry, and fishing, % of GDP
1.9%
2024
0.49%
2024
GNI, Atlas method
$322B
2024
$200B
2024
GNI per capita, PPP
$54,800
2024
$63,270
2024
Total reserves including gold
$146B
2024
$50.7B
2024
Total reserves ranking
22/177
2024
41/177
2024
Net foreign direct investment
-$1.87B
2024
$9.71B
2024
Net inflows of foreign direct investment
$13.1B
2024
$615M
2024
Net outflows of foreign direct investment
$11.2B
2024
$10.3B
2024
Poverty at national poverty lines
10.2%
2021
n/a
Gross capital formation, % of GDP
26.3%
2024
17.7%
2023

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/kuwait | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1962–2024, 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. TradeMap (2020–2024, retrieved 2026-02-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. 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.

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.