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Economy of Czech Republic vs Nepal compared: GDP & Debt

Updated on by Georank team

The Czech Republic has a GDP of $347B compared to $42.9B for Nepal, ranking 44/197 and 101/197 by economy size, respectively.

The Czech Republic has $150B in government debt (43.3% of GDP), compared to $20.7B (48.3% of GDP) in Nepal.

Czech Republic vs Nepal GDP by year

Czech Republic
Nepal
1x
Year GDP, current $
Czech Republic Nepal
2024 $347,034,062,928 $42,914,268,287
2023 $345,059,295,660 $41,047,772,331
2022 $301,831,228,326 $41,182,939,601
2021 $290,972,714,482 $36,924,841,394
2020 $251,109,660,603 $33,433,659,301
2019 $256,794,209,029 $34,186,180,699
2018 $251,992,360,762 $33,111,525,237
2017 $221,563,575,696 $28,971,588,940
2016 $198,160,659,304 $24,524,109,484
2015 $189,107,698,562 $24,360,801,287
2014 $210,911,285,078 $22,731,612,922
2013 $213,024,360,541 $22,162,204,925
2012 $210,363,223,088 $21,703,100,877
2011 $231,429,378,717 $21,573,872,421
2010 $211,168,667,286 $16,002,656,434
2009 $206,971,882,705 $12,854,985,464
2008 $236,506,264,754 $12,545,438,605
2007 $190,040,702,287 $10,325,618,017
2006 $156,236,258,387 $9,043,715,356
2005 $137,264,185,596 $8,130,258,378
2004 $120,147,899,984 $7,273,938,315
2003 $100,435,924,705 $6,330,473,097
2002 $82,607,869,610 $6,050,875,807
2001 $68,135,304,464 $6,007,055,042
2000 $62,175,642,238 $5,494,252,208
1999 $65,586,562,605 $5,033,642,384
1998 $67,187,217,328 $4,856,255,044
1997 $62,539,765,163 $4,918,691,917
1996 $67,804,105,330 $4,521,580,381
1995 $60,572,381,311 $4,401,104,418
1994 $48,188,478,339 $4,066,775,510
1993 $41,155,654,032 $3,660,041,667
1992 $35,051,065,440 $3,401,211,581
1991 $30,071,014,282 $3,921,476,085
1990 $41,016,881,802 $3,627,560,239
1989 - $3,525,225,787
1988 - $3,487,009,748
1987 - $2,957,255,380
1986 - $2,850,782,044
1985 - $2,619,913,956
1984 - $2,581,207,388
1983 - $2,447,174,803
1982 - $2,395,423,742
1981 - $2,275,583,317
1980 - $1,945,916,583
1979 - $1,851,250,008
1978 - $1,604,162,497
1977 - $1,382,400,000
1976 - $1,452,788,985
1975 - $1,575,789,254
1974 - $1,217,953,547
1973 - $972,101,725
1972 - $1,024,098,400
1971 - $882,765,472
1970 - $865,975,309
1969 - $788,641,965
1968 - $772,231,387
1967 - $841,974,025
1966 - $906,811,944
1965 - $735,267,082
1964 - $496,098,775
1963 - $496,947,904
1962 - $574,091,101
1961 - $531,959,562
1960 - $508,334,414

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

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

GDP per capita in Czech Republic vs Nepal by year

Czech Republic
GDP per capita

GDP per capita, PPP
Nepal
GDP per capita

GDP per capita, PPP
1x
Year Current $
Czech Republic Nepal
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $31,823 $57,285 $1,447 $5,737
2023 $31,762 $55,761 $1,382 $5,395
2022 $28,282 $52,947 $1,386 $5,103
2021 $27,696 $47,796 $1,253 $4,546
2020 $23,473 $44,839 $1,154 $4,236
2019 $24,063 $45,614 $1,203 $4,261
2018 $23,706 $41,638 $1,179 $3,956
2017 $20,913 $39,346 $1,034 $3,605
2016 $18,754 $36,445 $877 $2,976
2015 $17,932 $34,093 $876 $2,957
2014 $20,038 $32,743 $821 $2,901
2013 $20,260 $31,013 $803 $2,658
2012 $20,014 $29,466 $788 $2,466
2011 $22,049 $29,237 $786 $2,248
2010 $20,160 $28,154 $585 $2,139
2009 $19,817 $27,713 $473 $2,029
2008 $22,775 $27,938 $465 $1,942
2007 $18,453 $26,268 $385 $1,809
2006 $15,259 $23,914 $340 $1,718
2005 $13,442 $22,115 $309 $1,628
2004 $11,783 $20,988 $279.6 $1,542
2003 $9,852 $19,604 $246.4 $1,453
2002 $8,101 $18,344 $238.9 $1,390
2001 $6,669 $17,709 $240.8 $1,388
2000 $6,063 $16,332 $223.8 $1,317
1999 $6,378 $15,494 $208.6 $1,234
1998 $6,527 $15,064 $205.1 $1,187
1997 $6,069 $14,911 $211.8 $1,162
1996 $6,573 $14,781 $198.8 $1,110
1995 $5,865 $13,957 $197.8 $1,058
1994 $4,663 $12,862 $187.3 $1,026
1993 $3,984 $12,242 $172.8 $952
1992 $3,397 $11,963 $165 $920
1991 $2,917 $11,768 $195.7 $889
1990 $3,969 $12,848 $185.8 $830
1989 - - $185 -
1988 - - $187.1 -
1987 - - $162 -
1986 - - $159.5 -
1985 - - $149.9 -
1984 - - $151.1 -
1983 - - $146.6 -
1982 - - $147 -
1981 - - $142.9 -
1980 - - $125.1 -
1979 - - $121.9 -
1978 - - $108.1 -
1977 - - $95.3 -
1976 - - $102.5 -
1975 - - $113.6 -
1974 - - $89.8 -
1973 - - $73.2 -
1972 - - $78.8 -
1971 - - $69.5 -
1970 - - $69.6 -
1969 - - $64.8 -
1968 - - $64.9 -
1967 - - $72.3 -
1966 - - $79.5 -
1965 - - $65.8 -
1964 - - $45.3 -
1963 - - $46.3 -
1962 - - $54.6 -
1961 - - $51.6 -
1960 - - $50.2 -

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

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

The Czech Republic's GDP per capita is $31,823, ranking 39/197, compared to $1,447 in Nepal, ranking 164/197. Adjusted for purchasing power (GDP per capita PPP), the Czech Republic ranks 35th at $57,285, while Nepal ranks 155th at $5,737.

Economic indicators

Czech Republic Nepal
Gross domestic product
$347B
2024
$42.9B
2024
GDP rank
44/197
2024
101/197
2024
GDP growth
1.23%
2023-2024
3.67%
2023-2024
GDP per capita
$31,823
2024
$1,447
2024
GDP per capita rank
39/197
2024
164/197
2024
GDP per capita, PPP
$57,285
2024
$5,737
2024
GDP per capita PPP rank
35/197
2024
155/197
2024
Government debt
$150B
2024
$20.7B
2024
Debt-to-GDP ratio
43.3%
2024
48.3%
2024
Government debt per person
$13,792
2024
$700
2024
Government debt per person rank
43/185
2024
154/185
2024
Average annual personal income after taxes
$22,139
2026
$2,170
2026
Market capitalization of domestic companies
$34.6B
2024
n/a
Number of billionaires
11
2025
2
2025
Income share by richest 10%
21.5%
2023
24.2%
2022
Income share by poorest 10%
3.8%
2023
3.7%
2022
Government expenditure, % of GDP
42.8%
2024
22.1%
2024
Consumer prices inflation
2.44%
2023-2024
4.69%
2023-2024
Central bank interest rate
3.5%
2025
n/a
Unemployment rate
2.6%
2024
10.7%
2017
Population
10649126
29596762

Spending and national debt comparison by year

Czech Republic
Spending

Debt
Nepal
Spending

Debt
1x
Year % of GDP
Czech Republic Nepal
Government spending Government debt Government spending Government debt
2024 42.8% 43.3% 22.1% 48.3%
2023 43.7% 42.2% 25.1% 47%
2022 43% 42.5% 26.1% 42.7%
2021 45% 40.7% 27.2% 43.3%
2020 46.3% 36.9% 28.5% 43.3%
2019 40.4% 29.6% 27.1% 34%
2018 40.1% 31.7% 28% 31.1%
2017 38.5% 33.8% 23.6% 25%
2016 39.4% 36.2% 19% 25%
2015 41.7% 39.5% 17.7% 25.7%
2014 42.3% 41.5% 16.6% 27.6%
2013 42.4% 44.1% 15.5% 31.9%
2012 44.4% 43.8% 16.8% 34.5%
2011 42.8% 39.4% 16.3% 32.4%
2010 43.2% 36.7% 16.5% 35.4%
2009 44.5% 33.4% 17% 39.5%
2008 40.9% 28.2% 13.4% 36.8%
2007 40.5% 27.3% 13.1% 37.9%
2006 41.5% 27.6% 11.2% 42.9%
2005 42.3% 27.7% 12% 45.1%
2004 42.2% 28.3% 11.8% 51.3%
2003 49% 28.1% 12% 53%
2002 44.4% 25.7% 13% 51.8%
2001 43.1% 22.6% 12.9% 50.8%
2000 40.6% 16.9% 11.4% 50.8%
1999 40.9% 15.1% - -
1998 41.6% 13.9% - -
1997 41.3% 12.1% - -
1996 41.4% 11.5% - -
1995 52.8% 13.5% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20).

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

In 2024, the Czech Republic's government spending was $148B, accounting for 42.8% of its GDP, while Nepal spent $9.5B, or 22.1% of GDP.

Debt-to-GDP ratio is 43.3% in the Czech Republic and 48.3% in Nepal, ranking 124/185 and 112/185, respectively.

Government deficit by year

Deficit/surplus
Czech Republic

Nepal
1x
Year Deficit/surplus, % of GDP
Czech Republic Nepal
2024 -1.99% -2.76%
2023 -3.73% -5.81%
2022 -3.07% -3.12%
2021 -4.95% -3.98%
2020 -5.65% -7.47%
2019 0.28% -4.27%
2018 0.88% -5.83%
2017 1.46% -2.69%
2016 0.68% 1.2%
2015 -0.67% 0.46%
2014 -2.09% 1.36%
2013 -1.3% 1.57%
2012 -3.92% -1.18%
2011 -2.71% -0.72%
2010 -4.14% -0.67%
2009 -5.46% -2.24%
2008 -2% -0.29%
2007 -0.68% -0.67%
2006 -2.19% 0.24%
2005 -3.06% 0.24%
2004 -2.4% -0.14%
2003 -6.87% -0.34%
2002 -6.34% -2.46%
2001 -5.76% -2.35%
2000 -3.55% -1.48%
1999 -3.08% -
1998 -4.14% -
1997 -3.14% -
1996 -2.98% -
1995 -12.3% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20).

GeoRank.org/economy/czech-republic/nepal | 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 Nepal's deficit of $1.19B, or 2.76% of GDP.

Over the past 25 years, the Czech Republic recorded a fiscal deficit in 21 of those years, while Nepal ran a deficit in 19 years. On average, the Czech Republic posted an annual deficit equal to 2.77% of GDP, compared to deficit of 1.74% of GDP for Nepal.

Inflation comparison by year

Inflation
Czech Republic

Nepal
1x
Year Consumer prices inflation
Czech Republic Nepal
2024 2.44% 4.69%
2023 10.7% 7.12%
2022 15.1% 7.67%
2021 3.84% 4.13%
2020 3.16% 5.06%
2019 2.85% 5.57%
2018 2.15% 4.41%
2017 2.45% 2.78%
2016 0.68% 8.79%
2015 0.31% 7.87%
2014 0.34% 8.36%
2013 1.44% 9.04%
2012 3.29% 9.46%
2011 1.92% 9.23%
2010 1.47% 9.33%
2009 1.02% 11.1%
2008 6.36% 9.91%
2007 2.85% 2.27%
2006 2.53% 6.92%
2005 1.86% 6.84%
2004 2.76% 2.84%
2003 0.12% 5.71%
2002 1.9% 3.03%
2001 4.66% 2.69%
2000 3.78% 2.48%
1999 2.14% 7.45%
1998 10.7% 11.2%
1997 8.6% 4.01%

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

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

Over the past 28 years, the Czech Republic has recorded an average annual inflation rate of 3.62%, compared with 6.43% in Nepal. In 2024, inflation was 2.44% in the Czech Republic and 4.69% in Nepal.

Top exports between countries

Czech Republic
Export category Export value
Machinery & equipment $3.46M
Chemicals & pharma $604K
Raw agricultural goods $212K
Textiles & consumer goods $179K
Raw materials & minerals $136K
Weapons & explosives $114K
Wood & paper products $68K
Metals $40K
Animal & marine products $14K
Miscellaneous $4K
Nepal
Export category Export value
Textiles & consumer goods $1.09M
Raw agricultural goods $194K
Processed food, beverages & tobacco $105K
Precious metals & jewellery $86K
Metals $39K
Chemicals & pharma $12K
Wood & paper products $7K
Animal & marine products $1K

Balance of trade

Czech Republic Nepal
Current account balance
$6.05B
2024
$1.68B
2024
Current account balance ranking
31/190
2024
50/190
2024
Current account balance, % of GDP
+1.74%
2024
+3.91%
2024
Goods imports
$179B
2024
$12.1B
2024
Goods exports
$197B
2024
$1.54B
2024
Service imports
$38B
2024
$2.27B
2024
Service exports
$42.5B
2024
$1.9B
2024
Imports of goods and services, % of GDP
62.6%
2024
32.9%
2024
Exports of goods and services, % of GDP
68.9%
2024
7.62%
2024

Economic freedom indices

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

Czech Republic Nepal
Economic freedom 73.2 52.9
Economic freedom ranking 25/197 144/197
Property rights 89.8 38.8
Government integrity 64.7 38.9
Judicial effectiveness 92.1 42.9
Tax burden 78.8 84.3
Government spending 44.2 82.1
Fiscal health 82.5 71
Business freedom 76.8 60.8
Labor freedom 55.1 48.2
Monetary freedom 75 69.4
Trade freedom 79.4 58.6
Investment freedom 70 10
Financial freedom 70 30

Economic freedom comparison by year

Czech Republic
Nepal
1x
Year Economic freedom index
Czech Republic Nepal
2026 73.2 52.9
2025 72.9 52.5
2024 70.2 52.1
2023 71.9 51.4
2022 74.4 49.7
2021 73.8 50.7
2020 74.8 54.2
2019 73.7 53.8
2018 74.2 54.1
2017 73.3 55.1
2016 73.2 50.9
2015 72.5 51.3
2014 72.2 50.1
2013 70.9 50.4
2012 69.9 50.2
2011 70.4 50.1
2010 69.8 52.7
2009 69.4 53.2
2008 68.1 54.1
2007 67.4 54.4
2006 66.4 53.7
2005 64.6 51.4
2004 67 51.2
2003 67.5 51.5
2002 66.5 52.3
2001 70.2 51.6
2000 68.6 51.3
1999 69.7 53.1
1998 68.4 53.5
1997 68.8 53.6
1996 68.1 50.3
1995 67.8 -

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

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

The Economic Freedom Index for the Czech Republic is 73.2, ranking 25/197, compared to 52.9 for Nepal, ranking 144/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Czech Republic Nepal
Services, % of GDP
60.2%
2024
55.2%
2024
Industry, % of GDP
29.2%
2024
11.4%
2024
Agriculture, forestry, and fishing, % of GDP
1.9%
2024
21.9%
2024
GNI, Atlas method
$322B
2024
$43.7B
2024
GNI per capita, PPP
$54,800
2024
$5,830
2024
Total reserves including gold
$146B
2024
$12.5B
2023
Total reserves ranking
22/177
2024
74/177
2023
Net foreign direct investment
-$1.87B
2024
-$56.9M
2024
Net inflows of foreign direct investment
$13.1B
2024
$56.9M
2024
Net outflows of foreign direct investment
$11.2B
2024
$0
2024
Servicing debt to the IMF, % of GNI n/a
1.23%
2024
Poverty at national poverty lines
10.2%
2021
20.3%
2022
Gross capital formation, % of GDP
26.3%
2024
30.4%
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/nepal | 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 (1995–2024, 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.

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.