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Economy of Czech Republic vs Netherlands compared: GDP & Debt

Updated on by Georank team

The Czech Republic has a GDP of $347B compared to $1.21T for the Netherlands, ranking 44/197 and 19/197 by economy size, respectively.

The Czech Republic has $150B in government debt (43.3% of GDP), compared to $532B (43.8% of GDP) in the Netherlands.

Czech Republic vs Netherlands GDP by year

Czech Republic
Netherlands
1x
Year GDP, current $
Czech Republic Netherlands
2024 $347,034,062,928 $1,214,927,698,573
2023 $345,059,295,660 $1,135,475,867,551
2022 $301,831,228,326 $1,046,540,797,549
2021 $290,972,714,482 $1,054,472,123,450
2020 $251,109,660,603 $932,560,861,701
2019 $256,794,209,029 $928,903,005,576
2018 $251,992,360,762 $929,733,599,797
2017 $221,563,575,696 $848,233,537,846
2016 $198,160,659,304 $797,163,949,290
2015 $189,107,698,562 $775,743,675,303
2014 $210,911,285,078 $901,556,501,756
2013 $213,024,360,541 $883,951,539,007
2012 $210,363,223,088 $845,689,017,066
2011 $231,429,378,717 $913,140,741,333
2010 $211,168,667,286 $852,464,982,433
2009 $206,971,882,705 $878,954,223,140
2008 $236,506,264,754 $957,901,566,041
2007 $190,040,702,287 $853,499,460,873
2006 $156,236,258,387 $737,593,995,289
2005 $137,264,185,596 $688,133,699,636
2004 $120,147,899,984 $661,224,886,143
2003 $100,435,924,705 $582,435,617,082
2002 $82,607,869,610 $475,529,972,123
2001 $68,135,304,464 $432,536,219,669
2000 $62,175,642,238 $417,649,282,154
1999 $65,586,562,605 $447,778,514,140
1998 $67,187,217,328 $438,612,530,549
1997 $62,539,765,163 $417,506,211,882
1996 $67,804,105,330 $451,372,549,020
1995 $60,572,381,311 $452,967,334,614
1994 $48,188,478,339 $379,688,232,232
1993 $41,155,654,032 $354,070,495,966
1992 $35,051,065,440 $363,497,050,125
1991 $30,071,014,282 $327,982,316,124
1990 $41,016,881,802 $318,799,003,994
1989 - $258,716,904,292
1988 - $262,295,966,105
1987 - $245,406,949,521
1986 - $201,157,708,221
1985 - $144,057,523,222
1984 - $144,124,462,912
1983 - $153,671,294,109
1982 - $158,712,765,536
1981 - $164,375,775,854
1980 - $195,439,301,707
1979 - $179,933,827,310
1978 - $156,089,077,205
1977 - $127,203,923,857
1976 - $109,329,386,564
1975 - $100,397,061,694
1974 - $87,371,810,804
1973 - $71,946,639,603
1972 - $54,787,070,173
1971 - $44,644,730,576
1970 - $38,220,884,519
1969 - $34,086,038,090
1968 - $30,097,635,751
1967 - $27,143,828,099
1966 - $24,741,480,717
1965 - $22,721,869,808
1964 - $20,232,048,553
1963 - $17,193,744,109
1962 - $15,847,582,341
1961 - $14,599,836,396
1960 - $13,282,979,015

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

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

GDP per capita in Czech Republic vs Netherlands by year

Czech Republic
GDP per capita

GDP per capita, PPP
Netherlands
GDP per capita

GDP per capita, PPP
1x
Year Current $
Czech Republic Netherlands
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $31,823 $57,285 $67,520 $86,174
2023 $31,762 $55,761 $63,516 $81,729
2022 $28,282 $52,947 $59,123 $78,630
2021 $27,696 $47,796 $60,142 $68,574
2020 $23,473 $44,839 $53,468 $62,597
2019 $24,063 $45,614 $53,555 $62,345
2018 $23,706 $41,638 $53,955 $58,819
2017 $20,913 $39,346 $49,514 $56,038
2016 $18,754 $36,445 $46,809 $53,162
2015 $17,932 $34,093 $45,794 $50,957
2014 $20,038 $32,743 $53,457 $49,751
2013 $20,260 $31,013 $52,602 $49,622
2012 $20,014 $29,466 $50,474 $47,653
2011 $22,049 $29,237 $54,702 $47,004
2010 $20,160 $28,154 $51,306 $45,301
2009 $19,817 $27,713 $53,172 $44,959
2008 $22,775 $27,938 $58,247 $46,714
2007 $18,453 $26,268 $52,101 $44,203
2006 $15,259 $23,914 $45,124 $41,208
2005 $13,442 $22,115 $42,165 $37,778
2004 $11,783 $20,988 $40,611 $35,961
2003 $9,852 $19,604 $35,897 $34,286
2002 $8,101 $18,344 $29,447 $34,568
2001 $6,669 $17,709 $26,956 $33,259
2000 $6,063 $16,332 $26,225 $31,895
1999 $6,378 $15,494 $28,319 $29,316
1998 $6,527 $15,064 $27,924 $27,749
1997 $6,069 $14,911 $26,745 $26,062
1996 $6,573 $14,781 $29,064 $24,564
1995 $5,865 $13,957 $29,301 $23,480
1994 $4,663 $12,862 $24,683 $22,414
1993 $3,984 $12,242 $23,156 $21,443
1992 $3,397 $11,963 $23,939 $20,831
1991 $2,917 $11,768 $21,764 $20,177
1990 $3,969 $12,848 $21,322 $19,203
1989 - - $17,423 -
1988 - - $17,771 -
1987 - - $16,734 -
1986 - - $13,804 -
1985 - - $9,941 -
1984 - - $9,992 -
1983 - - $10,696 -
1982 - - $11,089 -
1981 - - $11,537 -
1980 - - $13,812 -
1979 - - $12,817 -
1978 - - $11,196 -
1977 - - $9,180 -
1976 - - $7,937 -
1975 - - $7,346 -
1974 - - $6,450 -
1973 - - $5,353 -
1972 - - $4,110 -
1971 - - $3,384 -
1970 - - $2,931 -
1969 - - $2,647 -
1968 - - $2,364 -
1967 - - $2,155 -
1966 - - $1,986 -
1965 - - $1,848 -
1964 - - $1,668 -
1963 - - $1,437 -
1962 - - $1,342 -
1961 - - $1,254 -
1960 - - $1,156 -

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

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

The Czech Republic's GDP per capita is $31,823, ranking 39/197, compared to $67,520 in the Netherlands, ranking 13/197. Adjusted for purchasing power (GDP per capita PPP), the Czech Republic ranks 35th at $57,285, while the Netherlands ranks 11th at $86,174.

Economic indicators

Czech Republic Netherlands
Gross domestic product
$347B
2024
$1.21T
2024
GDP rank
44/197
2024
19/197
2024
GDP growth
1.23%
2023-2024
1.08%
2023-2024
GDP per capita
$31,823
2024
$67,520
2024
GDP per capita rank
39/197
2024
13/197
2024
GDP per capita, PPP
$57,285
2024
$86,174
2024
GDP per capita PPP rank
35/197
2024
11/197
2024
Government debt
$150B
2024
$532B
2024
Debt-to-GDP ratio
43.3%
2024
43.8%
2024
Government debt per person
$13,792
2024
$29,571
2024
Government debt per person rank
43/185
2024
24/185
2024
Average annual personal income after taxes
$22,139
2026
$47,815
2026
Market capitalization of domestic companies
$34.6B
2024
$1.1T
2017
Number of millionaires n/a
1,267,000
2025
Number of billionaires
11
2025
13
2025
Income share by richest 10%
21.5%
2023
21.4%
2021
Income share by poorest 10%
3.8%
2023
3.6%
2021
Government expenditure, % of GDP
42.8%
2024
44.4%
2024
Consumer prices inflation
2.44%
2023-2024
3.35%
2023-2024
Central bank interest rate
3.5%
2025
n/a
Unemployment rate
2.6%
2024
3.64%
2024
Population
10649126
18252623

Spending and national debt comparison by year

Czech Republic
Spending

Debt
Netherlands
Spending

Debt
1x
Year % of GDP
Czech Republic Netherlands
Government spending Government debt Government spending Government debt
2024 42.8% 43.3% 44.4% 43.8%
2023 43.7% 42.2% 44% 45.9%
2022 43% 42.5% 43.3% 48.4%
2021 45% 40.7% 45.9% 50.5%
2020 46.3% 36.9% 47.8% 53.4%
2019 40.4% 29.6% 42.1% 47.7%
2018 40.1% 31.7% 42.4% 51.6%
2017 38.5% 33.8% 42.8% 56%
2016 39.4% 36.2% 43.9% 60.9%
2015 41.7% 39.5% 45.3% 63.8%
2014 42.3% 41.5% 46.7% 67.2%
2013 42.4% 44.1% 47.5% 67.2%
2012 44.4% 43.8% 47.6% 65.7%
2011 42.8% 39.4% 47.8% 61.2%
2010 43.2% 36.7% 48.9% 58.9%
2009 44.5% 33.4% 48.4% 56.3%
2008 40.9% 28.2% 44.3% 54.4%
2007 40.5% 27.3% 43.3% 42.7%
2006 41.5% 27.6% 44% 45%
2005 42.3% 27.7% 43.4% 49.6%
2004 42.2% 28.3% 44.7% 50.1%
2003 49% 28.1% 45.8% 49.8%
2002 44.4% 25.7% 44.8% 48.7%
2001 43.1% 22.6% 44.1% 49.4%
2000 40.6% 16.9% 43.2% 52.2%
1999 40.9% 15.1% 44.3% 58.6%
1998 41.6% 13.9% 44.6% 62.7%
1997 41.3% 12.1% 45.7% 65.7%
1996 41.4% 11.5% 47.3% 71.2%
1995 52.8% 13.5% 53.9% 73%
1994 - - 49.4% 73.5%
1993 - - 50.9% 76.7%
1992 - - 50.2% 75.6%
1991 - - 49.6% 74.8%
1990 - - 48.8% 75%
1989 - - 54.5% 73.7%
1988 - - 56.4% 73.7%
1987 - - 58.5% 71.3%
1986 - - 57% 68.9%
1985 - - 57.3% 67.1%
1984 - - 58.1% 61.9%
1983 - - 59.1% 58.4%
1982 - - 59.1% 52.4%
1981 - - 56.8% 46.9%
1980 - - 55.2% 43.6%
1979 - - 53.7% 39.5%
1978 - - 52.3% 38.1%
1977 - - 50.6% 34.9%
1976 - - 50.8% 35.2%
1975 - - 50.8% 36.1%
1974 - - 46.4% 36.3%
1973 - - 44.6% 38.1%
1972 - - 44.9% 41.3%
1971 - - 44.6% 43.7%
1970 - - 43.2% 46.1%
1969 - - 42.1% 48.2%
1968 - - 25.4% 54.4%
1967 - - 24.1% 55%
1966 - - 24.4% 55.6%
1965 - - 23.4% 55.8%
1964 - - 22.3% 57.1%
1963 - - 21.9% 61.7%
1962 - - 22.1% 63.8%
1961 - - 22.2% 65.9%
1960 - - 20.4% 66.7%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1989, retrieved 2026-02-20).

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

In 2024, the Czech Republic's government spending was $148B, accounting for 42.8% of its GDP, while the Netherlands spent $540B, or 44.4% of GDP.

Debt-to-GDP ratio is 43.3% in the Czech Republic and 43.8% in the Netherlands, ranking 124/185 and 123/185, respectively.

Government deficit by year

Deficit/surplus
Czech Republic

Netherlands
1x
Year Deficit/surplus, % of GDP
Czech Republic Netherlands
2024 -1.99% -0.94%
2023 -3.73% -0.37%
2022 -3.07% 0.002%
2021 -4.95% -2.26%
2020 -5.65% -3.72%
2019 0.28% 1.91%
2018 0.88% 1.49%
2017 1.46% 1.35%
2016 0.68% 0.23%
2015 -0.67% -1.84%
2014 -2.09% -2.17%
2013 -1.3% -2.87%
2012 -3.92% -3.83%
2011 -2.71% -4.42%
2010 -4.14% -5.3%
2009 -5.46% -5.06%
2008 -2% -0.06%
2007 -0.68% -0.16%
2006 -2.19% 0.04%
2005 -3.06% -0.51%
2004 -2.4% -1.82%
2003 -6.87% -3.19%
2002 -6.34% -2.23%
2001 -5.76% -0.47%
2000 -3.55% 1.14%
1999 -3.08% 0.28%
1998 -4.14% -1.34%
1997 -3.14% -1.6%
1996 -2.98% -1.91%
1995 -12.3% -8.72%
1994 - -3.53%
1993 - -3.13%
1992 - -3.12%
1991 - -2.05%
1990 - -4.08%
1989 - -5%
1988 - -4.23%
1987 - -5.39%
1986 - -4.62%
1985 - -3.6%
1984 - -5.25%
1983 - -5.47%
1982 - -6.17%
1981 - -4.92%
1980 - -3.95%
1979 - -2.46%
1978 - -2.09%
1977 - -0.75%
1976 - -2.02%
1975 - -2.82%
1974 - -0.26%
1973 - 0.54%
1972 - -0.7%
1971 - -1.58%
1970 - -1.52%
1969 - -1.14%
1968 - -3.06%
1967 - -1.97%
1966 - -2.37%
1965 - -1.15%
1964 - -1.2%
1963 - -0.54%
1962 - -1.38%
1961 - -0.38%
1960 - 0.9%
1959 - -0.74%
1958 - -0.89%
1957 - 0.3%
1956 - -0.83%
1955 - -0.25%
1954 - 0.76%
1953 - -2.95%
1952 - 2.19%
1951 - 2.13%
1950 - 0.81%
1949 - 2.3%
1948 - -
1947 - -
1946 - -
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - -
1939 - -3.19%
1938 - -0.37%
1937 - 0.02%
1936 - -0.41%
1935 - -0.69%
1934 - -0.92%
1933 - -2.55%
1932 - -1.97%
1931 - -1.66%
1930 - -0.55%
1929 - -1.16%
1928 - -0.62%
1927 - -0.33%
1926 - -0.78%
1925 - -2.04%
1924 - -3.37%
1923 - -2.62%
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 - -0.45%
1912 - -0.47%
1911 - -0.13%
1910 - -0.93%
1909 - -0.34%
1908 - -0.57%
1907 - 0.03%
1906 - 0.16%
1905 - 0.1%
1904 - -0.72%
1903 - 0.09%
1902 - -0.14%
1901 - 0.03%
1900 - 0.06%
1899 - -0.13%
1898 - -0.48%
1897 - -0.45%
1896 - 0.08%
1895 - -0.06%
1894 - 0.12%
1893 - -0.76%
1892 - -1.72%
1891 - -0.06%
1890 - -0.06%
1889 - 0.04%
1888 - -0.31%
1887 - -0.37%
1886 - -0.08%
1885 - -0.55%
1884 - 0%
1883 - -2.1%
1882 - -1.11%
1881 - -1.06%
1880 - 0.21%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/czech-republic/netherlands | 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 the Netherlands' deficit of $11.5B, or 0.94% of GDP.

Over the past 30 years, the Czech Republic recorded a fiscal deficit in 26 of those years, while the Netherlands ran a deficit in 22 years. On average, the Czech Republic posted an annual deficit equal to 3.16% of GDP, compared to deficit of 1.61% of GDP for the Netherlands.

Inflation comparison by year

Inflation
Czech Republic

Netherlands
1x
Year Consumer prices inflation
Czech Republic Netherlands
2024 2.44% 3.35%
2023 10.7% 3.84%
2022 15.1% 10%
2021 3.84% 2.68%
2020 3.16% 1.27%
2019 2.85% 2.63%
2018 2.15% 1.7%
2017 2.45% 1.38%
2016 0.68% 0.32%
2015 0.31% 0.6%
2014 0.34% 0.98%
2013 1.44% 2.51%
2012 3.29% 2.46%
2011 1.92% 2.34%
2010 1.47% 1.28%
2009 1.02% 1.19%
2008 6.36% 2.49%
2007 2.85% 1.61%
2006 2.53% 1.1%
2005 1.86% 1.69%
2004 2.76% 1.26%
2003 0.12% 2.09%
2002 1.9% 3.29%
2001 4.66% 4.16%
2000 3.78% 2.36%
1999 2.14% 2.16%
1998 10.7% 1.96%
1997 8.6% 2.11%

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

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

Over the past 28 years, the Czech Republic has recorded an average annual inflation rate of 3.62%, compared with 2.31% in the Netherlands. In 2024, inflation was 2.44% in the Czech Republic and 3.35% in the Netherlands.

Top exports between countries

Czech Republic
Export category Export value
Machinery & equipment $5.46B
Business & finance services $754M
Textiles & consumer goods $691M
Transport & tourism services $606M
Chemicals & pharma $549M
Metals $509M
Processed food, beverages & tobacco $481M
IT & IP services $333M
Wood & paper products $253M
Raw materials & minerals $159M
Netherlands
Export category Export value
Machinery & equipment $4.31B
Chemicals & pharma $1.43B
Textiles & consumer goods $798M
Raw agricultural goods $726M
Processed food, beverages & tobacco $568M
Metals $532M
IT & IP services $419M
Business & finance services $412M
Transport & tourism services $393M
Animal & marine products $324M

Balance of trade

Czech Republic Netherlands
Current account balance
$6.05B
2024
$111B
2024
Current account balance ranking
31/190
2024
5/190
2024
Current account balance, % of GDP
+1.74%
2024
+9.13%
2024
Goods imports
$179B
2024
$606B
2024
Goods exports
$197B
2024
$693B
2024
Service imports
$38B
2024
$262B
2024
Service exports
$42.5B
2024
$308B
2024
Imports of goods and services, % of GDP
62.6%
2024
71.4%
2024
Exports of goods and services, % of GDP
68.9%
2024
82.4%
2024

Economic freedom indices

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

Czech Republic Netherlands
Economic freedom 73.2 78.5
Economic freedom ranking 25/197 11/197
Property rights 89.8 96
Government integrity 64.7 86.8
Judicial effectiveness 92.1 96.1
Tax burden 78.8 54
Government spending 44.2 42.2
Fiscal health 82.5 95.9
Business freedom 76.8 85
Labor freedom 55.1 59.3
Monetary freedom 75 77
Trade freedom 79.4 79.4
Investment freedom 70 90
Financial freedom 70 80

Economic freedom comparison by year

Czech Republic
Netherlands
1x
Year Economic freedom index
Czech Republic Netherlands
2026 73.2 78.5
2025 72.9 78.2
2024 70.2 77.3
2023 71.9 78
2022 74.4 79.5
2021 73.8 76.8
2020 74.8 77
2019 73.7 76.8
2018 74.2 76.2
2017 73.3 75.8
2016 73.2 74.6
2015 72.5 73.7
2014 72.2 74.2
2013 70.9 73.5
2012 69.9 73.3
2011 70.4 74.7
2010 69.8 75
2009 69.4 77
2008 68.1 77.4
2007 67.4 75.5
2006 66.4 75.4
2005 64.6 72.9
2004 67 74.5
2003 67.5 74.6
2002 66.5 75.1
2001 70.2 73
2000 68.6 70.4
1999 69.7 70.2
1998 68.4 69.2
1997 68.8 70.4
1996 68.1 69.7
1995 67.8 -

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

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

The Economic Freedom Index for the Czech Republic is 73.2, ranking 25/197, compared to 78.5 for the Netherlands, ranking 11/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Czech Republic Netherlands
Services, % of GDP
60.2%
2024
70.5%
2024
Industry, % of GDP
29.2%
2024
17.5%
2024
Agriculture, forestry, and fishing, % of GDP
1.9%
2024
1.73%
2024
GNI, Atlas method
$322B
2024
$1.12T
2024
GNI per capita, PPP
$54,800
2024
$84,970
2024
Total reserves including gold
$146B
2024
$79.1B
2024
Total reserves ranking
22/177
2024
34/177
2024
Net foreign direct investment
-$1.87B
2024
$11.1B
2024
Net inflows of foreign direct investment
$13.1B
2024
-$17.1B
2024
Net outflows of foreign direct investment
$11.2B
2024
-$5.93B
2024
Poverty at national poverty lines
10.2%
2021
14.5%
2021
Gross capital formation, % of GDP
26.3%
2024
19.7%
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/netherlands | 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 (1880–1989, 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 (2022–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

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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.