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Economy of Czech Republic vs Malaysia compared: GDP & Debt

Updated on by Georank team

The Czech Republic has a GDP of $347B compared to $422B for Malaysia, ranking 44/197 and 38/197 by economy size, respectively.

The Czech Republic has $150B in government debt (43.3% of GDP), compared to $296B (70.1% of GDP) in Malaysia.

Czech Republic vs Malaysia GDP by year

Czech Republic
Malaysia
1x
Year GDP, current $
Czech Republic Malaysia
2024 $347,034,062,928 $422,227,005,429
2023 $345,059,295,660 $399,949,418,753
2022 $301,831,228,326 $407,830,525,990
2021 $290,972,714,482 $373,784,553,030
2020 $251,109,660,603 $337,456,163,961
2019 $256,794,209,029 $365,177,721,022
2018 $251,992,360,762 $358,788,845,713
2017 $221,563,575,696 $319,109,094,160
2016 $198,160,659,304 $301,256,033,870
2015 $189,107,698,562 $301,355,266,965
2014 $210,911,285,078 $338,066,095,097
2013 $213,024,360,541 $323,276,235,524
2012 $210,363,223,088 $314,443,047,642
2011 $231,429,378,717 $297,951,668,675
2010 $211,168,667,286 $255,017,638,456
2009 $206,971,882,705 $202,257,453,037
2008 $236,506,264,754 $230,811,614,370
2007 $190,040,702,287 $193,549,569,478
2006 $156,236,258,387 $162,692,258,307
2005 $137,264,185,596 $143,534,405,819
2004 $120,147,899,984 $124,749,473,684
2003 $100,435,924,705 $110,202,368,421
2002 $82,607,869,610 $100,845,526,316
2001 $68,135,304,464 $92,783,947,368
2000 $62,175,642,238 $93,789,736,842
1999 $65,586,562,605 $79,148,421,053
1998 $67,187,217,328 $72,167,498,981
1997 $62,539,765,163 $100,005,323,302
1996 $67,804,105,330 $100,855,393,910
1995 $60,572,381,311 $88,705,342,903
1994 $48,188,478,339 $74,478,356,958
1993 $41,155,654,032 $66,894,966,969
1992 $35,051,065,440 $59,167,550,163
1991 $30,071,014,282 $49,143,148,094
1990 $41,016,881,802 $44,024,585,240
1989 - $38,847,965,293
1988 - $35,272,109,220
1987 - $32,181,210,158
1986 - $27,734,111,400
1985 - $31,199,633,353
1984 - $33,942,897,422
1983 - $30,347,442,111
1982 - $26,804,493,635
1981 - $25,004,285,792
1980 - $24,488,224,677
1979 - $21,213,264,962
1978 - $16,358,079,862
1977 - $13,139,488,633
1976 - $11,050,234,599
1975 - $9,298,800,799
1974 - $9,496,204,302
1973 - $7,662,902,678
1972 - $5,043,347,250
1971 - $4,244,395,956
1970 - $3,864,145,667
1969 - $3,664,552,041
1968 - $3,330,371,551
1967 - $3,188,924,677
1966 - $3,143,517,944
1965 - $2,956,337,669
1964 - $2,674,423,922
1963 - $2,510,110,348
1962 - $2,001,489,602
1961 - $1,901,856,123
1960 - $1,916,229,477

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

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

GDP per capita in Czech Republic vs Malaysia by year

Czech Republic
GDP per capita

GDP per capita, PPP
Malaysia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Czech Republic Malaysia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $31,823 $57,285 $11,874 $38,779
2023 $31,762 $55,761 $11,386 $36,467
2022 $28,282 $52,947 $11,755 $34,420
2021 $27,696 $47,796 $10,903 $29,823
2020 $23,473 $44,839 $9,958 $27,475
2019 $24,063 $45,614 $10,920 $28,934
2018 $23,706 $41,638 $10,902 $27,794
2017 $20,913 $39,346 $9,863 $26,416
2016 $18,754 $36,445 $9,477 $25,286
2015 $17,932 $34,093 $9,649 $24,526
2014 $20,038 $32,743 $11,013 $24,307
2013 $20,260 $31,013 $10,714 $23,161
2012 $20,014 $29,466 $10,601 $22,639
2011 $22,049 $29,237 $10,217 $21,324
2010 $20,160 $28,154 $8,899 $20,193
2009 $19,817 $27,713 $7,191 $18,923
2008 $22,775 $27,938 $8,372 $19,480
2007 $18,453 $26,268 $7,169 $18,617
2006 $15,259 $23,914 $6,158 $17,426
2005 $13,442 $22,115 $5,556 $16,371
2004 $11,783 $20,988 $4,939 $15,416
2003 $9,852 $19,604 $4,465 $14,387
2002 $8,101 $18,344 $4,184 $13,656
2001 $6,669 $17,709 $3,944 $13,072
2000 $6,063 $16,332 $4,084 $13,027
1999 $6,378 $15,494 $3,528 $11,980
1998 $6,527 $15,064 $3,294 $11,398
1997 $6,069 $14,911 $4,679 $12,469
1996 $6,573 $14,781 $4,837 $11,709
1995 $5,865 $13,957 $4,363 $10,720
1994 $4,663 $12,862 $3,758 $9,806
1993 $3,984 $12,242 $3,462 $9,018
1992 $3,397 $11,963 $3,141 $8,224
1991 $2,917 $11,768 $2,679 $7,583
1990 $3,969 $12,848 $2,469 $6,887
1989 - - $2,244 -
1988 - - $2,100 -
1987 - - $1,977 -
1986 - - $1,760 -
1985 - - $2,046 -
1984 - - $2,300 -
1983 - - $2,124 -
1982 - - $1,938 -
1981 - - $1,866 -
1980 - - $1,886 -
1979 - - $1,680 -
1978 - - $1,327 -
1977 - - $1,092 -
1976 - - $940 -
1975 - - $811 -
1974 - - $848 -
1973 - - $701 -
1972 - - $472 -
1971 - - $407 -
1970 - - $380 -
1969 - - $368 -
1968 - - $342 -
1967 - - $335 -
1966 - - $339 -
1965 - - $326 -
1964 - - $303 -
1963 - - $291.8 -
1962 - - $238.8 -
1961 - - $232.9 -
1960 - - $240.8 -

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

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

The Czech Republic's GDP per capita is $31,823, ranking 39/197, compared to $11,874 in Malaysia, ranking 79/197. Adjusted for purchasing power (GDP per capita PPP), the Czech Republic ranks 35th at $57,285, while Malaysia ranks 60th at $38,779.

Economic indicators

Czech Republic Malaysia
Gross domestic product
$347B
2024
$422B
2024
GDP rank
44/197
2024
38/197
2024
GDP growth
1.23%
2023-2024
5.11%
2023-2024
GDP per capita
$31,823
2024
$11,874
2024
GDP per capita rank
39/197
2024
79/197
2024
GDP per capita, PPP
$57,285
2024
$38,779
2024
GDP per capita PPP rank
35/197
2024
60/197
2024
Government debt
$150B
2024
$296B
2024
Debt-to-GDP ratio
43.3%
2024
70.1%
2024
Government debt per person
$13,792
2024
$8,322
2024
Government debt per person rank
43/185
2024
62/185
2024
Average annual personal income after taxes
$22,139
2026
$11,005
2026
Market capitalization of domestic companies
$34.6B
2024
$449B
2024
Number of billionaires
11
2025
19
2025
Income share by richest 10%
21.5%
2023
30.9%
2021
Income share by poorest 10%
3.8%
2023
2.3%
2021
Government expenditure, % of GDP
42.8%
2024
23.9%
2024
Consumer prices inflation
2.44%
2023-2024
1.83%
2023-2024
Central bank interest rate
3.5%
2025
2.75%
2025
Unemployment rate
2.6%
2024
3.93%
2022
Population
10649126
36512221

Spending and national debt comparison by year

Czech Republic
Spending

Debt
Malaysia
Spending

Debt
1x
Year % of GDP
Czech Republic Malaysia
Government spending Government debt Government spending Government debt
2024 42.8% 43.3% 23.9% 70.1%
2023 43.7% 42.2% 24.9% 69.7%
2022 43% 42.5% 24.6% 65.5%
2021 45% 40.7% 24.5% 69.2%
2020 46.3% 36.9% 25% 67.7%
2019 40.4% 29.6% 23.6% 57.1%
2018 40.1% 31.7% 22.8% 55.6%
2017 38.5% 33.8% 22% 54.4%
2016 39.4% 36.2% 22.9% 55.8%
2015 41.7% 39.5% 24.7% 57%
2014 42.3% 41.5% 26% 55.4%
2013 42.4% 44.1% 27.8% 55.7%
2012 44.4% 43.8% 28.5% 53.8%
2011 42.8% 39.4% 27.1% 51.9%
2010 43.2% 36.7% 26.6% 51.2%
2009 44.5% 33.4% 30.9% 50.4%
2008 40.9% 28.2% 26.9% 39.4%
2007 40.5% 27.3% 25.9% 39.3%
2006 41.5% 27.6% 25.6% 39.7%
2005 42.3% 27.7% 24.5% 40.8%
2004 42.2% 28.3% 25.9% 42%
2003 49% 28.1% 28.1% 41.4%
2002 44.4% 25.7% 27.1% 39.5%
2001 43.1% 22.6% 28.2% 38.1%
2000 40.6% 16.9% 25.6% 32.5%
1999 40.9% 15.1% 24.6% 34.4%
1998 41.6% 13.9% 23.1% 33.6%
1997 41.3% 12.1% 21.2% 29.6%
1996 41.4% 11.5% 22.4% 32.8%
1995 52.8% 13.5% 22.6% 38.2%
1994 - - 23.3% 43.7%
1993 - - 24.6% 51.1%
1992 - - 28.2% 59.1%
1991 - - 27.4% 67.3%
1990 - - 30.5% 74.1%

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

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

In 2024, the Czech Republic's government spending was $148B, accounting for 42.8% of its GDP, while Malaysia spent $101B, or 23.9% of GDP.

Debt-to-GDP ratio is 43.3% in the Czech Republic and 70.1% in Malaysia, ranking 124/185 and 58/185, respectively.

Government deficit by year

Deficit/surplus
Czech Republic

Malaysia
1x
Year Deficit/surplus, % of GDP
Czech Republic Malaysia
2024 -1.99% -3.95%
2023 -3.73% -3.97%
2022 -3.07% -4.56%
2021 -4.95% -6.03%
2020 -5.65% -4.9%
2019 0.28% -2.01%
2018 0.88% -2.64%
2017 1.46% -2.41%
2016 0.68% -2.6%
2015 -0.67% -2.55%
2014 -2.09% -2.63%
2013 -1.3% -3.48%
2012 -3.92% -3.1%
2011 -2.71% -3.57%
2010 -4.14% -4.32%
2009 -5.46% -5.88%
2008 -2% -3.4%
2007 -0.68% -2.57%
2006 -2.19% -2.6%
2005 -3.06% -2.83%
2004 -2.4% -3.35%
2003 -6.87% -4.6%
2002 -6.34% -3.96%
2001 -5.76% -4.36%
2000 -3.55% -6.05%
1999 -3.08% -3%
1998 -4.14% -0.63%
1997 -3.14% 4.84%
1996 -2.98% 3.27%
1995 -12.3% 3.1%
1994 - 5.45%
1993 - 3.44%
1992 - 1.81%
1991 - 1.6%
1990 - 0.15%

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

GeoRank.org/economy/czech-republic/malaysia | 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 Malaysia's deficit of $16.7B, or 3.95% of GDP.

Over the past 30 years, the Czech Republic recorded a fiscal deficit in 26 of those years, while Malaysia ran a deficit in 27 years. On average, the Czech Republic posted an annual deficit equal to 3.16% of GDP, compared to deficit of 2.83% of GDP for Malaysia.

Inflation comparison by year

Inflation
Czech Republic

Malaysia
1x
Year Consumer prices inflation
Czech Republic Malaysia
2024 2.44% 1.83%
2023 10.7% 2.49%
2022 15.1% 3.38%
2021 3.84% 2.48%
2020 3.16% -1.14%
2019 2.85% 0.66%
2018 2.15% 0.88%
2017 2.45% 3.87%
2016 0.68% 2.09%
2015 0.31% 2.1%
2014 0.34% 3.14%
2013 1.44% 2.11%
2012 3.29% 1.66%
2011 1.92% 3.17%
2010 1.47% 1.62%
2009 1.02% 0.58%
2008 6.36% 5.44%
2007 2.85% 2.03%
2006 2.53% 3.61%
2005 1.86% 2.98%
2004 2.76% 1.42%
2003 0.12% 1.09%
2002 1.9% 1.81%
2001 4.66% 1.42%
2000 3.78% 1.53%
1999 2.14% 2.74%
1998 10.7% 5.27%
1997 8.6% 2.66%

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

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

Over the past 28 years, the Czech Republic has recorded an average annual inflation rate of 3.62%, compared with 2.25% in Malaysia. In 2024, inflation was 2.44% in the Czech Republic and 1.83% in Malaysia.

Top exports between countries

Czech Republic
Export category Export value
Machinery & equipment $194M
Chemicals & pharma $33.8M
Weapons & explosives $20M
Textiles & consumer goods $10.9M
Transport & tourism services $8.64M
Raw materials & minerals $6.96M
Metals $6.95M
Animal & marine products $6.84M
Wood & paper products $6.44M
Processed food, beverages & tobacco $4.12M
Malaysia
Export category Export value
Machinery & equipment $504M
Chemicals & pharma $20.7M
Metals $11.1M
Textiles & consumer goods $5.65M
Raw materials & minerals $3.06M
Precious metals & jewellery $1.98M
Processed food, beverages & tobacco $1.42M
Miscellaneous $595K
Raw agricultural goods $295K
Wood & paper products $192K

Balance of trade

Czech Republic Malaysia
Current account balance
$6.05B
2024
$7.15B
2024
Current account balance ranking
31/190
2024
26/190
2024
Current account balance, % of GDP
+1.74%
2024
+1.69%
2024
Goods imports
$179B
2024
$223B
2024
Goods exports
$197B
2024
$248B
2024
Service imports
$38B
2024
$56.4B
2024
Service exports
$42.5B
2024
$53.4B
2024
Imports of goods and services, % of GDP
62.6%
2024
66%
2024
Exports of goods and services, % of GDP
68.9%
2024
71.3%
2024

Economic freedom indices

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

Czech Republic Malaysia
Economic freedom 73.2 68
Economic freedom ranking 25/197 51/197
Property rights 89.8 62.7
Government integrity 64.7 52.9
Judicial effectiveness 92.1 63.4
Tax burden 78.8 83.5
Government spending 44.2 82
Fiscal health 82.5 62.5
Business freedom 76.8 79.6
Labor freedom 55.1 55.4
Monetary freedom 75 80.8
Trade freedom 79.4 83
Investment freedom 70 60
Financial freedom 70 50

Economic freedom comparison by year

Czech Republic
Malaysia
1x
Year Economic freedom index
Czech Republic Malaysia
2026 73.2 68
2025 72.9 67.1
2024 70.2 65.7
2023 71.9 67.3
2022 74.4 68.1
2021 73.8 74.4
2020 74.8 74.7
2019 73.7 74
2018 74.2 74.5
2017 73.3 73.8
2016 73.2 71.5
2015 72.5 70.8
2014 72.2 69.6
2013 70.9 66.1
2012 69.9 66.4
2011 70.4 66.3
2010 69.8 64.8
2009 69.4 64.6
2008 68.1 63.9
2007 67.4 63.8
2006 66.4 61.6
2005 64.6 61.9
2004 67 59.9
2003 67.5 61.1
2002 66.5 60.1
2001 70.2 60.2
2000 68.6 66
1999 69.7 68.9
1998 68.4 68.2
1997 68.8 66.8
1996 68.1 69.9
1995 67.8 71.9

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

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

The Economic Freedom Index for the Czech Republic is 73.2, ranking 25/197, compared to 68 for Malaysia, ranking 51/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Czech Republic Malaysia
Services, % of GDP
60.2%
2024
53.7%
2024
Industry, % of GDP
29.2%
2024
37%
2024
Agriculture, forestry, and fishing, % of GDP
1.9%
2024
8.13%
2024
GNI, Atlas method
$322B
2024
$414B
2024
GNI per capita, PPP
$54,800
2024
$37,450
2024
Total reserves including gold
$146B
2024
$116B
2024
Total reserves ranking
22/177
2024
24/177
2024
Net foreign direct investment
-$1.87B
2024
-$2.55B
2024
Net inflows of foreign direct investment
$13.1B
2024
$15.6B
2024
Net outflows of foreign direct investment
$11.2B
2024
$13B
2024
Poverty at national poverty lines
10.2%
2021
5.8%
2023
Gross capital formation, % of GDP
26.3%
2024
22%
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/malaysia | 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. TradeMap (2022–2024, 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.