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Economy of Czech Republic vs Mexico compared: GDP & Debt

Updated on by Georank team

The Czech Republic has a GDP of $347B compared to $1.86T for Mexico, ranking 44/197 and 13/197 by economy size, respectively.

The Czech Republic has $150B in government debt (43.3% of GDP), compared to $1.08T (58.3% of GDP) in Mexico.

Czech Republic vs Mexico GDP by year

Czech Republic
Mexico
1x
Year GDP, current $
Czech Republic Mexico
2024 $347,034,062,928 $1,856,365,616,166
2023 $345,059,295,660 $1,798,317,581,487
2022 $301,831,228,326 $1,466,934,724,293
2021 $290,972,714,482 $1,316,569,466,686
2020 $251,109,660,603 $1,121,064,767,308
2019 $256,794,209,029 $1,304,106,203,902
2018 $251,992,360,762 $1,256,300,182,880
2017 $221,563,575,696 $1,190,721,475,906
2016 $198,160,659,304 $1,112,233,497,453
2015 $189,107,698,562 $1,213,294,467,717
2014 $210,911,285,078 $1,364,507,717,614
2013 $213,024,360,541 $1,327,436,290,283
2012 $210,363,223,088 $1,255,110,424,818
2011 $231,429,378,717 $1,229,013,703,417
2010 $211,168,667,286 $1,105,424,238,731
2009 $206,971,882,705 $943,437,415,025
2008 $236,506,264,754 $1,161,553,459,715
2007 $190,040,702,287 $1,102,355,554,972
2006 $156,236,258,387 $1,020,265,057,882
2005 $137,264,185,596 $917,571,853,529
2004 $120,147,899,984 $819,459,227,375
2003 $100,435,924,705 $765,549,967,703
2002 $82,607,869,610 $810,666,116,402
2001 $68,135,304,464 $796,064,590,549
2000 $62,175,642,238 $742,061,329,749
1999 $65,586,562,605 $631,249,359,702
1998 $67,187,217,328 $557,461,102,631
1997 $62,539,765,163 $523,449,530,464
1996 $67,804,105,330 $432,157,945,024
1995 $60,572,381,311 $380,157,469,867
1994 $48,188,478,339 $553,618,247,901
1993 $41,155,654,032 $530,160,763,663
1992 $35,051,065,440 $363,157,832,924
1991 $30,071,014,282 $313,139,656,146
1990 $41,016,881,802 $261,253,675,693
1989 - $221,403,098,267
1988 - $181,611,150,497
1987 - $147,542,558,209
1986 - $134,556,034,673
1985 - $195,241,069,482
1984 - $184,230,754,105
1983 - $156,167,000,433
1982 - $184,602,611,610
1981 - $263,797,827,860
1980 - $205,577,055,466
1979 - $134,531,900,899
1978 - $102,648,570,299
1977 - $81,912,018,784
1976 - $88,875,923,765
1975 - $88,000,000,000
1974 - $72,000,000,000
1973 - $55,280,000,000
1972 - $45,200,000,000
1971 - $39,200,000,000
1970 - $35,520,000,000
1969 - $32,480,000,000
1968 - $29,360,000,000
1967 - $26,560,000,000
1966 - $24,320,000,000
1965 - $21,840,000,000
1964 - $20,080,000,000
1963 - $16,960,000,000
1962 - $15,200,000,000
1961 - $14,160,000,000
1960 - $13,040,000,000

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

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

GDP per capita in Czech Republic vs Mexico by year

Czech Republic
GDP per capita

GDP per capita, PPP
Mexico
GDP per capita

GDP per capita, PPP
1x
Year Current $
Czech Republic Mexico
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $31,823 $57,285 $14,186 $26,185
2023 $31,762 $55,761 $13,861 $25,243
2022 $28,282 $52,947 $11,406 $23,135
2021 $27,696 $47,796 $10,314 $20,783
2020 $23,473 $44,839 $8,841 $19,354
2019 $24,063 $45,614 $10,370 $20,964
2018 $23,706 $41,638 $10,085 $20,921
2017 $20,913 $39,346 $9,649 $20,489
2016 $18,754 $36,445 $9,098 $20,105
2015 $17,932 $34,093 $10,021 $19,071
2014 $20,038 $32,743 $11,391 $18,821
2013 $20,260 $31,013 $11,217 $18,170
2012 $20,014 $29,466 $10,744 $18,005
2011 $22,049 $29,237 $10,664 $17,267
2010 $20,160 $28,154 $9,729 $15,909
2009 $19,817 $27,713 $8,424 $15,191
2008 $22,775 $27,938 $10,524 $15,681
2007 $18,453 $26,268 $10,134 $15,032
2006 $15,259 $23,914 $9,513 $14,540
2005 $13,442 $22,115 $8,672 $13,260
2004 $11,783 $20,988 $7,850 $12,658
2003 $9,852 $19,604 $7,434 $12,066
2002 $8,101 $18,344 $7,983 $11,762
2001 $6,669 $17,709 $7,953 $11,739
2000 $6,063 $16,332 $7,524 $11,705
1999 $6,378 $15,494 $6,500 $11,031
1998 $6,527 $15,064 $5,833 $10,756
1997 $6,069 $14,911 $5,567 $10,182
1996 $6,573 $14,781 $4,674 $9,496
1995 $5,865 $13,957 $4,184 $8,933
1994 $4,663 $12,862 $6,202 $9,466
1993 $3,984 $12,242 $6,048 $9,041
1992 $3,397 $11,963 $4,221 $9,470
1991 $2,917 $11,768 $3,709 $9,079
1990 $3,969 $12,848 $3,154 $8,578
1989 - - $2,725 -
1988 - - $2,279 -
1987 - - $1,888 -
1986 - - $1,757 -
1985 - - $2,602 -
1984 - - $2,506 -
1983 - - $2,170 -
1982 - - $2,621 -
1981 - - $3,829 -
1980 - - $3,055 -
1979 - - $2,049 -
1978 - - $1,604 -
1977 - - $1,315 -
1976 - - $1,465 -
1975 - - $1,492 -
1974 - - $1,256 -
1973 - - $993 -
1972 - - $837 -
1971 - - $748 -
1970 - - $699 -
1969 - - $660 -
1968 - - $616 -
1967 - - $576 -
1966 - - $545 -
1965 - - $506 -
1964 - - $481 -
1963 - - $420 -
1962 - - $388 -
1961 - - $374 -
1960 - - $355 -

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

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

The Czech Republic's GDP per capita is $31,823, ranking 39/197, compared to $14,186 in Mexico, ranking 69/197. Adjusted for purchasing power (GDP per capita PPP), the Czech Republic ranks 35th at $57,285, while Mexico ranks 80th at $26,185.

Economic indicators

Czech Republic Mexico
Gross domestic product
$347B
2024
$1.86T
2024
GDP rank
44/197
2024
13/197
2024
GDP growth
1.23%
2023-2024
1.43%
2023-2024
GDP per capita
$31,823
2024
$14,186
2024
GDP per capita rank
39/197
2024
69/197
2024
GDP per capita, PPP
$57,285
2024
$26,185
2024
GDP per capita PPP rank
35/197
2024
80/197
2024
Government debt
$150B
2024
$1.08T
2024
Debt-to-GDP ratio
43.3%
2024
58.3%
2024
Government debt per person
$13,792
2024
$8,272
2024
Government debt per person rank
43/185
2024
63/185
2024
Average annual personal income after taxes
$22,139
2026
$10,231
2026
Market capitalization of domestic companies
$34.6B
2024
$418B
2024
Number of millionaires n/a
399,000
2025
Number of billionaires
11
2025
22
2025
Income share by richest 10%
21.5%
2023
34.4%
2022
Income share by poorest 10%
3.8%
2023
2.1%
2022
Government expenditure, % of GDP
42.8%
2024
30.3%
2024
Consumer prices inflation
2.44%
2023-2024
4.72%
2023-2024
Central bank interest rate
3.5%
2025
7%
2025
Unemployment rate
2.6%
2024
2.62%
2024
Population
10649126
133323134

Spending and national debt comparison by year

Czech Republic
Spending

Debt
Mexico
Spending

Debt
1x
Year % of GDP
Czech Republic Mexico
Government spending Government debt Government spending Government debt
2024 42.8% 43.3% 30.3% 58.3%
2023 43.7% 42.2% 28.5% 52.6%
2022 43% 42.5% 28.5% 53.8%
2021 45% 40.7% 26.7% 56.7%
2020 46.3% 36.9% 27.8% 58.5%
2019 40.4% 29.6% 25.3% 51.9%
2018 40.1% 31.7% 25% 52.2%
2017 38.5% 33.8% 25% 52.5%
2016 39.4% 36.2% 26.5% 55%
2015 41.7% 39.5% 26.6% 51%
2014 42.3% 41.5% 26.9% 47.1%
2013 42.4% 44.1% 26.7% 44.1%
2012 44.4% 43.8% 27% 40.8%
2011 42.8% 39.4% 26.6% 41.2%
2010 43.2% 36.7% 26.5% 40.2%
2009 44.5% 33.4% 26.5% 41.7%
2008 40.9% 28.2% 26.5% 40.6%
2007 40.5% 27.3% 22.5% 35.5%
2006 41.5% 27.6% 21.6% 35.8%
2005 42.3% 27.7% 21.2% 36.8%
2004 42.2% 28.3% 20.5% 38.9%
2003 49% 28.1% 21.5% 42.1%
2002 44.4% 25.7% 19.8% 39.9%
2001 43.1% 22.6% 19.5% 37.3%
2000 40.6% 16.9% 19.4% 38.5%
1999 40.9% 15.1% 20.1% 41.7%
1998 41.6% 13.9% 19.5% 39.7%
1997 41.3% 12.1% 20.7% 39.1%
1996 41.4% 11.5% 20.8% 42.5%
1995 52.8% 13.5% 18.9% 30.7%
1994 - - 18.9% 26.8%
1993 - - 18.2% 19.2%
1992 - - 19% 21.5%
1991 - - 20.1% 29.2%
1990 - - 22.9% 35.7%
1989 - - 19.2% 36%
1988 - - 23.6% 36.5%
1987 - - 26.7% 52.7%
1986 - - 25.1% 47.8%
1985 - - 21.4% 30.4%
1984 - - 19.8% 25.2%
1983 - - 21.6% 25.3%
1982 - - 24.7% 29.8%
1981 - - 20.1% 41.7%
1980 - - 17.5% 31.4%
1979 - - 16.5% 35.8%
1978 - - 15.7% 39%
1977 - - 15.5% 41.5%
1976 - - 15.5% 31.3%
1975 - - 14.7% 24.4%
1974 - - 13.8% 21.7%
1973 - - 12.7% 20%
1972 - - 11.9% 17.9%
1971 - - 10.6% 17%
1970 - - 10.9% 17.1%
1969 - - 11.8% 10.7%
1968 - - 10.9% 7.85%
1967 - - 10.4% 8.22%
1966 - - 11.6% 5.14%
1965 - - 10.7% 9.99%
1964 - - 9.21% 6.22%
1963 - - 8.51% 4.13%
1962 - - 8.26% 4.2%
1961 - - 8.01% 4.38%
1960 - - 9.5% 4.58%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1995, retrieved 2026-02-20).

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

In 2024, the Czech Republic's government spending was $148B, accounting for 42.8% of its GDP, while Mexico spent $563B, or 30.3% of GDP.

Debt-to-GDP ratio is 43.3% in the Czech Republic and 58.3% in Mexico, ranking 124/185 and 84/185, respectively.

Government deficit by year

Deficit/surplus
Czech Republic

Mexico
1x
Year Deficit/surplus, % of GDP
Czech Republic Mexico
2024 -1.99% -5.73%
2023 -3.73% -4.29%
2022 -3.07% -4.32%
2021 -4.95% -3.75%
2020 -5.65% -4.29%
2019 0.28% -2.27%
2018 0.88% -2.14%
2017 1.46% -1.03%
2016 0.68% -2.68%
2015 -0.67% -3.86%
2014 -2.09% -4.37%
2013 -1.3% -3.56%
2012 -3.92% -3.57%
2011 -2.71% -3.2%
2010 -4.14% -3.8%
2009 -5.46% -3.94%
2008 -2% -0.68%
2007 -0.68% -1.46%
2006 -2.19% -1.23%
2005 -3.06% -1.43%
2004 -2.4% -1.35%
2003 -6.87% -2.24%
2002 -6.34% -2.18%
2001 -5.76% -2.57%
2000 -3.55% -2.69%
1999 -3.08% -4.49%
1998 -4.14% -4.49%
1997 -3.14% -3.48%
1996 -2.98% -3.66%
1995 -12.3% -2.28%
1994 - -2.25%
1993 - -1.51%
1992 - 2.26%
1991 - 1.49%
1990 - -3.11%
1989 - -4.75%
1988 - -8.76%
1987 - -11.6%
1986 - -11.2%
1985 - -7.2%
1984 - -5.79%
1983 - -6.03%
1982 - -11.4%
1981 - -4.9%
1980 - -1.75%
1979 - -2.15%
1978 - -1.88%
1977 - -2.43%
1976 - -3.14%
1975 - -2.64%
1974 - -3.33%
1973 - -2.75%
1972 - -2.3%
1971 - -1.43%
1970 - -1.71%
1969 - -2.74%
1968 - -2.06%
1967 - -2.12%
1966 - -3.2%
1965 - -2.51%
1964 - -1.44%
1963 - -0.92%
1962 - -0.79%
1961 - -0.88%
1960 - -1.36%
1959 - -0.73%
1958 - 0.24%
1957 - -0.03%
1956 - 0.52%
1955 - 0.6%
1954 - -0.94%
1953 - -0.58%
1952 - 0.42%
1951 - -0.26%
1950 - -0.2%
1949 - 0.44%
1948 - -1.55%
1947 - -0.93%
1946 - 0.66%
1945 - -1.11%
1944 - -1.12%
1943 - 0.05%
1942 - -0.93%
1941 - -0.26%
1940 - -0.4%
1939 - -0.06%
1938 - -0.91%
1937 - -0.41%
1936 - -0.39%
1935 - 0.26%
1934 - 0.72%
1933 - -0.58%
1932 - 0%
1931 - 0.71%
1930 - 0.21%
1929 - 0.95%
1928 - 0.24%
1927 - -0.3%
1926 - -0.29%
1925 - 0.46%
1924 - 1.34%
1923 - 1.02%
1922 - 1.13%
1921 - 0.64%
1920 - 0.91%
1919 - 0.41%
1918 - -0.19%
1917 - 0.63%
1916 - -
1915 - -
1914 - -
1913 - 0.28%
1912 - -0.79%
1911 - -0.31%
1910 - 0.1%
1909 - 0.15%
1908 - -0.08%
1907 - 0.43%
1906 - 0.72%
1905 - 0.35%
1904 - 1.09%
1903 - 3.82%
1902 - 0.42%
1901 - 0.62%
1900 - 0.76%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1900–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/czech-republic/mexico | 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 Mexico's deficit of $106B, or 5.73% of GDP.

Over the past 30 years, the Czech Republic recorded a fiscal deficit in 26 of those years, while Mexico ran a deficit in 30 years. On average, the Czech Republic posted an annual deficit equal to 3.16% of GDP, compared to deficit of 3.03% of GDP for Mexico.

Inflation comparison by year

Inflation
Czech Republic

Mexico
1x
Year Consumer prices inflation
Czech Republic Mexico
2024 2.44% 4.72%
2023 10.7% 5.53%
2022 15.1% 7.9%
2021 3.84% 5.69%
2020 3.16% 3.4%
2019 2.85% 3.64%
2018 2.15% 4.9%
2017 2.45% 6.04%
2016 0.68% 2.82%
2015 0.31% 2.72%
2014 0.34% 4.02%
2013 1.44% 3.81%
2012 3.29% 4.11%
2011 1.92% 3.41%
2010 1.47% 4.16%
2009 1.02% 5.3%
2008 6.36% 5.12%
2007 2.85% 3.97%
2006 2.53% 3.63%
2005 1.86% 3.99%
2004 2.76% 4.69%
2003 0.12% 4.55%
2002 1.9% 5.03%
2001 4.66% 6.37%
2000 3.78% 9.49%
1999 2.14% 16.6%
1998 10.7% 15.9%
1997 8.6% 20.6%

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

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

Over the past 28 years, the Czech Republic has recorded an average annual inflation rate of 3.62%, compared with 6.15% in Mexico. In 2024, inflation was 2.44% in the Czech Republic and 4.72% in Mexico.

Top exports between countries

Czech Republic
Export category Export value
Machinery & equipment $1.02B
Metals $82.6M
Raw materials & minerals $62.8M
Transport & tourism services $56.6M
Textiles & consumer goods $48.4M
Chemicals & pharma $45.1M
Business & finance services $19M
IT & IP services $15.2M
Miscellaneous $9.1M
Weapons & explosives $8.37M
Mexico
Export category Export value
Machinery & equipment $363M
Textiles & consumer goods $33.9M
Metals $21.2M
Chemicals & pharma $12.5M
Raw agricultural goods $6.56M
Processed food, beverages & tobacco $4.64M
Raw materials & minerals $1.11M
Wood & paper products $566K
Miscellaneous $77K

Balance of trade

Czech Republic Mexico
Current account balance
$6.05B
2024
-$16.7B
2024
Current account balance ranking
31/190
2024
181/190
2024
Current account balance, % of GDP
+1.74%
2024
-0.9%
2024
Goods imports
$179B
2024
$637B
2024
Goods exports
$197B
2024
$618B
2024
Service imports
$38B
2024
$72B
2024
Service exports
$42.5B
2024
$63B
2024
Imports of goods and services, % of GDP
62.6%
2024
37.9%
2024
Exports of goods and services, % of GDP
68.9%
2024
36.7%
2024

Economic freedom indices

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

Czech Republic Mexico
Economic freedom 73.2 59.8
Economic freedom ranking 25/197 102/197
Property rights 89.8 37.6
Government integrity 64.7 28.8
Judicial effectiveness 92.1 40.4
Tax burden 78.8 75.4
Government spending 44.2 74.6
Fiscal health 82.5 56.7
Business freedom 76.8 67
Labor freedom 55.1 57.3
Monetary freedom 75 70.6
Trade freedom 79.4 74.2
Investment freedom 70 75
Financial freedom 70 60

Economic freedom comparison by year

Czech Republic
Mexico
1x
Year Economic freedom index
Czech Republic Mexico
2026 73.2 59.8
2025 72.9 61.3
2024 70.2 62
2023 71.9 63.2
2022 74.4 63.7
2021 73.8 65.5
2020 74.8 66
2019 73.7 64.7
2018 74.2 64.8
2017 73.3 63.6
2016 73.2 65.2
2015 72.5 66.4
2014 72.2 66.8
2013 70.9 67
2012 69.9 65.3
2011 70.4 67.8
2010 69.8 68.3
2009 69.4 65.8
2008 68.1 66.2
2007 67.4 66
2006 66.4 64.7
2005 64.6 65.2
2004 67 66
2003 67.5 65.3
2002 66.5 63
2001 70.2 60.6
2000 68.6 59.3
1999 69.7 58.5
1998 68.4 57.9
1997 68.8 57.1
1996 68.1 61.2
1995 67.8 63.1

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

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

The Economic Freedom Index for the Czech Republic is 73.2, ranking 25/197, compared to 59.8 for Mexico, ranking 102/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Czech Republic Mexico
Services, % of GDP
60.2%
2024
58.1%
2024
Industry, % of GDP
29.2%
2024
31.8%
2024
Agriculture, forestry, and fishing, % of GDP
1.9%
2024
3.72%
2024
GNI, Atlas method
$322B
2024
$1.68T
2024
GNI per capita, PPP
$54,800
2024
$25,460
2024
Total reserves including gold
$146B
2024
$232B
2024
Total reserves ranking
22/177
2024
16/177
2024
Net foreign direct investment
-$1.87B
2024
-$32.3B
2024
Net inflows of foreign direct investment
$13.1B
2024
$45.5B
2024
Net outflows of foreign direct investment
$11.2B
2024
$13B
2024
Servicing debt to the IMF, % of GNI n/a
3.71%
2024
Poverty at national poverty lines
10.2%
2021
29.6%
2024
Gross capital formation, % of GDP
26.3%
2024
24.1%
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/mexico | 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 (1900–1995, 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.