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Economy of Czech Republic vs Oman compared: GDP & Debt

Updated on by Georank team

The Czech Republic has a GDP of $347B compared to $107B for Oman, ranking 44/197 and 70/197 by economy size, respectively.

The Czech Republic has $150B in government debt (43.3% of GDP), compared to $38B (35.5% of GDP) in Oman.

Czech Republic vs Oman GDP by year

Czech Republic
Oman
1x
Year GDP, current $
Czech Republic Oman
2024 $347,034,062,928 $107,137,198,769
2023 $345,059,295,660 $106,174,708,037
2022 $301,831,228,326 $109,852,795,839
2021 $290,972,714,482 $87,323,797,139
2020 $251,109,660,603 $75,909,492,848
2019 $256,794,209,029 $88,060,858,257
2018 $251,992,360,762 $91,505,851,756
2017 $221,563,575,696 $80,856,697,009
2016 $198,160,659,304 $75,128,738,622
2015 $189,107,698,562 $78,710,793,238
2014 $210,911,285,078 $92,699,089,727
2013 $213,024,360,541 $89,936,020,806
2012 $210,363,223,088 $87,408,842,653
2011 $231,429,378,717 $77,497,529,259
2010 $211,168,667,286 $64,993,498,049
2009 $206,971,882,705 $55,454,096,229
2008 $236,506,264,754 $69,804,681,404
2007 $190,040,702,287 $48,300,390,117
2006 $156,236,258,387 $42,577,633,290
2005 $137,264,185,596 $35,506,892,068
2004 $120,147,899,984 $28,378,933,680
2003 $100,435,924,705 $24,733,680,104
2002 $82,607,869,610 $23,065,539,662
2001 $68,135,304,464 $22,205,721,717
2000 $62,175,642,238 $22,259,557,867
1999 $65,586,562,605 $17,832,769,831
1998 $67,187,217,328 $16,044,213,264
1997 $62,539,765,163 $18,039,791,938
1996 $67,804,105,330 $17,402,080,624
1995 $60,572,381,311 $15,722,236,671
1994 $48,188,478,339 $14,715,214,564
1993 $41,155,654,032 $14,230,429,129
1992 $35,051,065,440 $14,183,615,085
1991 $30,071,014,282 $12,918,335,501
1990 $41,016,881,802 $13,310,273,082
1989 - $9,372,171,651
1988 - $8,386,215,865
1987 - $7,811,183,095
1986 - $7,324,167,369
1985 - $10,005,645,420
1984 - $8,821,443,151
1983 - $7,932,541,691
1982 - $7,554,719,456
1981 - $7,259,120,151
1980 - $5,981,760,278
1979 - $3,733,352,635
1978 - $2,740,301,390
1977 - $2,741,169,948
1976 - $2,560,220,035
1975 - $2,096,699,189
1974 - $1,645,917,776
1973 - $483,066,991
1972 - $366,883,548
1971 - $301,010,587
1970 - $256,319,795
1969 - $239,999,808
1968 - $188,879,849
1967 - $107,151,832
1966 - $67,759,973
1965 - $63,279,975
1964 - $61,872,526
1963 - $59,912,763
1962 - $56,273,202
1961 - $45,634,487
1960 - $44,234,656

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

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

GDP per capita in Czech Republic vs Oman by year

Czech Republic
GDP per capita

GDP per capita, PPP
Oman
GDP per capita

GDP per capita, PPP
1x
Year Current $
Czech Republic Oman
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $31,823 $57,285 $20,285 $41,740
2023 $31,762 $55,761 $21,028 $41,945
2022 $28,282 $52,947 $23,224 $42,616
2021 $27,696 $47,796 $19,403 $38,719
2020 $23,473 $44,839 $16,785 $35,163
2019 $24,063 $45,614 $19,180 $37,251
2018 $23,706 $41,638 $19,902 $37,780
2017 $20,913 $39,346 $17,820 $33,619
2016 $18,754 $36,445 $17,110 $33,334
2015 $17,932 $34,093 $18,808 $36,058
2014 $20,038 $32,743 $23,161 $44,236
2013 $20,260 $31,013 $23,458 $47,013
2012 $20,014 $29,466 $24,642 $49,989
2011 $22,049 $29,237 $25,188 $52,393
2010 $20,160 $28,154 $23,570 $55,667
2009 $19,817 $27,713 $20,656 $55,127
2008 $22,775 $27,938 $26,577 $52,841
2007 $18,453 $26,268 $18,793 $48,627
2006 $15,259 $23,914 $16,931 $46,091
2005 $13,442 $22,115 $14,435 $43,673
2004 $11,783 $20,988 $11,801 $42,142
2003 $9,852 $19,604 $10,464 $40,935
2002 $8,101 $18,344 $9,869 $41,511
2001 $6,669 $17,709 $9,612 $41,679
2000 $6,063 $16,332 $9,754 $39,443
1999 $6,378 $15,494 $7,915 $36,792
1998 $6,527 $15,064 $7,219 $36,666
1997 $6,069 $14,911 $8,235 $36,809
1996 $6,573 $14,781 $8,068 $34,661
1995 $5,865 $13,957 $7,414 $33,598
1994 $4,663 $12,862 $7,068 $31,925
1993 $3,984 $12,242 $7,039 $30,987
1992 $3,397 $11,963 $7,318 $29,773
1991 $2,917 $11,768 $6,977 $28,109
1990 $3,969 $12,848 $7,546 $26,904
1989 - - $5,591 -
1988 - - $5,279 -
1987 - - $5,204 -
1986 - - $5,182 -
1985 - - $7,549 -
1984 - - $7,070 -
1983 - - $6,714 -
1982 - - $6,759 -
1981 - - $6,866 -
1980 - - $5,974 -
1979 - - $3,934 -
1978 - - $3,044 -
1977 - - $3,205 -
1976 - - $3,143 -
1975 - - $2,692 -
1974 - - $2,203 -
1973 - - $670 -
1972 - - $524 -
1971 - - $442 -
1970 - - $387 -
1969 - - $372 -
1968 - - $300 -
1967 - - $174.7 -
1966 - - $113.2 -
1965 - - $108.1 -
1964 - - $108.1 -
1963 - - $106.8 -
1962 - - $102.3 -
1961 - - $84.5 -
1960 - - $83.4 -

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

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

The Czech Republic's GDP per capita is $31,823, ranking 39/197, compared to $20,285 in Oman, ranking 57/197. Adjusted for purchasing power (GDP per capita PPP), the Czech Republic ranks 35th at $57,285, while Oman ranks 55th at $41,740.

Economic indicators

Czech Republic Oman
Gross domestic product
$347B
2024
$107B
2024
GDP rank
44/197
2024
70/197
2024
GDP growth
1.23%
2023-2024
1.63%
2023-2024
GDP per capita
$31,823
2024
$20,285
2024
GDP per capita rank
39/197
2024
57/197
2024
GDP per capita, PPP
$57,285
2024
$41,740
2024
GDP per capita PPP rank
35/197
2024
55/197
2024
Government debt
$150B
2024
$38B
2024
Debt-to-GDP ratio
43.3%
2024
35.5%
2024
Government debt per person
$13,792
2024
$7,204
2024
Government debt per person rank
43/185
2024
67/185
2024
Average annual personal income after taxes
$22,139
2026
$20,894
2026
Market capitalization of domestic companies
$34.6B
2024
$22.3B
2022
Number of billionaires
11
2025
2
2025
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
28.7%
2024
Consumer prices inflation
2.44%
2023-2024
0.6%
2023-2024
Central bank interest rate
3.5%
2025
4.5%
2025
Unemployment rate
2.6%
2024
3.3%
2024
Population
10649126
5761708

Spending and national debt comparison by year

Czech Republic
Spending

Debt
Oman
Spending

Debt
1x
Year % of GDP
Czech Republic Oman
Government spending Government debt Government spending Government debt
2024 42.8% 43.3% 28.7% 35.5%
2023 43.7% 42.2% 27.5% 37.5%
2022 43% 42.5% 30.9% 41.7%
2021 45% 40.7% 36.5% 61.9%
2020 46.3% 36.9% 44.5% 67.9%
2019 40.4% 29.6% 38.8% 52.5%
2018 40.1% 31.7% 38.3% 44.7%
2017 38.5% 33.8% 39.4% 40.1%
2016 39.4% 36.2% 44.6% 29.3%
2015 41.7% 39.5% 44.5% 13.9%
2014 42.3% 41.5% 41.4% 4.04%
2013 42.4% 44.1% 39.3% 4.66%
2012 44.4% 43.8% 38.6% 4.59%
2011 42.8% 39.4% 34.5% 4.44%
2010 43.2% 36.7% 30.6% 5.46%
2009 44.5% 33.4% 33.4% 5.8%
2008 40.9% 28.2% 25.6% 3.2%
2007 40.5% 27.3% 30.7% 4.44%
2006 41.5% 27.6% 30.1% 7.56%
2005 42.3% 27.7% 30.6% 8.39%
2004 42.2% 28.3% 34.1% 14.5%
2003 49% 28.1% 34% 13%
2002 44.4% 25.7% 34.1% 15.9%
2001 43.1% 22.6% 33.3% 22.5%
2000 40.6% 16.9% 31.2% 21.7%
1999 40.9% 15.1% 34.2% 28.9%
1998 41.6% 13.9% 36.1% 30.9%
1997 41.3% 12.1% 32.1% 20.8%
1996 41.4% 11.5% 33.5% 21.2%
1995 52.8% 13.5% 38.2% 21.9%
1994 - - 39.7% 23.6%
1993 - - 40.1% 22.2%
1992 - - 40.1% 23.1%
1991 - - 37.4% 22.6%
1990 - - 36.5% 17.8%

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

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

In 2024, the Czech Republic's government spending was $148B, accounting for 42.8% of its GDP, while Oman spent $30.7B, or 28.7% of GDP.

Debt-to-GDP ratio is 43.3% in the Czech Republic and 35.5% in Oman, ranking 124/185 and 145/185, respectively.

Government deficit by year

Deficit/surplus
Czech Republic

Oman
1x
Year Deficit/surplus, % of GDP
Czech Republic Oman
2024 -1.99% 3.31%
2023 -3.73% 6.87%
2022 -3.07% 10.5%
2021 -4.95% -3.17%
2020 -5.65% -15.7%
2019 0.28% -4.83%
2018 0.88% -6.72%
2017 1.46% -10.5%
2016 0.68% -19.6%
2015 -0.67% -13.5%
2014 -2.09% -1.58%
2013 -1.3% 2.78%
2012 -3.92% 4.07%
2011 -2.71% 8.24%
2010 -4.14% 4.95%
2009 -5.46% -0.27%
2008 -2% 14.7%
2007 -0.68% 10.5%
2006 -2.19% 12.2%
2005 -3.06% 11.2%
2004 -2.4% 5.43%
2003 -6.87% 5.92%
2002 -6.34% 5.31%
2001 -5.76% 7.55%
2000 -3.55% 12.2%
1999 -3.08% 0.3%
1998 -4.14% -4.37%
1997 -3.14% 4.77%
1996 -2.98% 2.22%
1995 -12.3% -3.9%
1994 - -7.47%
1993 - -6.84%
1992 - -4.85%
1991 - 0.12%
1990 - 4.78%

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

GeoRank.org/economy/czech-republic/oman | 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 Oman's surplus of $3.54B, or 3.31% of GDP.

Over the past 30 years, the Czech Republic recorded a fiscal deficit in 26 of those years, while Oman ran a deficit in 11 years. On average, the Czech Republic posted an annual deficit equal to 3.16% of GDP, compared to surplus of 1.63% of GDP for Oman.

Inflation comparison by year

Inflation
Czech Republic

Oman
1x
Year Consumer prices inflation
Czech Republic Oman
2024 2.44% 0.6%
2023 10.7% 1%
2022 15.1% 2.5%
2021 3.84% 1.7%
2020 3.16% -0.4%
2019 2.85% 0.5%
2018 2.15% 0.7%
2017 2.45% 1.5%
2016 0.68% 0.9%
2015 0.31% 0.1%
2014 0.34% 1.2%
2013 1.44% 1.3%
2012 3.29% 2.9%
2011 1.92% 4.1%
2010 1.47% 3.3%
2009 1.02% 3.5%
2008 6.36% 12.6%
2007 2.85% 5.9%
2006 2.53% 3.2%
2005 1.86% 1.9%
2004 2.76% 0.8%
2003 0.12% 0.2%
2002 1.9% -0.3%
2001 4.66% -0.8%
2000 3.78% -1.2%
1999 2.14% 0.5%
1998 10.7% 0.4%
1997 8.6% -0.4%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, the Czech Republic has recorded an average annual inflation rate of 3.62%, compared with 1.72% in Oman. In 2024, inflation was 2.44% in the Czech Republic and 0.6% in Oman.

Top exports between countries

Czech Republic
Export category Export value
Machinery & equipment $40.5M
Wood & paper products $3.56M
Raw materials & minerals $2.62M
Textiles & consumer goods $2.59M
Metals $2.01M
Weapons & explosives $1.98M
Miscellaneous $1.66M
Chemicals & pharma $887K
Processed food, beverages & tobacco $430K
Animal & marine products $247K
Oman
Export category Export value
Machinery & equipment $19M
Chemicals & pharma $2.61M
Textiles & consumer goods $119K
Metals $37K
Raw agricultural goods $19K
Miscellaneous $10K
Raw materials & minerals $8K

Balance of trade

Czech Republic Oman
Current account balance
$6.05B
2024
$3.07B
2024
Current account balance ranking
31/190
2024
39/190
2024
Current account balance, % of GDP
+1.74%
2024
+2.86%
2024
Goods imports
$179B
2024
$39.5B
2024
Goods exports
$197B
2024
$65.2B
2024
Service imports
$38B
2024
$12.8B
2024
Service exports
$42.5B
2024
$5.64B
2024
Imports of goods and services, % of GDP
62.6%
2024
48.8%
2024
Exports of goods and services, % of GDP
68.9%
2024
66.1%
2024

Economic freedom indices

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

Czech Republic Oman
Economic freedom 73.2 68.5
Economic freedom ranking 25/197 45/197
Property rights 89.8 71.8
Government integrity 64.7 49.4
Judicial effectiveness 92.1 28
Tax burden 78.8 97.6
Government spending 44.2 74.7
Fiscal health 82.5 97.5
Business freedom 76.8 67.8
Labor freedom 55.1 47.7
Monetary freedom 75 79.2
Trade freedom 79.4 78.4
Investment freedom 70 70
Financial freedom 70 60

Economic freedom comparison by year

Czech Republic
Oman
1x
Year Economic freedom index
Czech Republic Oman
2026 73.2 68.5
2025 72.9 65.4
2024 70.2 62.9
2023 71.9 58.5
2022 74.4 56.6
2021 73.8 64.6
2020 74.8 63.6
2019 73.7 61
2018 74.2 61
2017 73.3 62.1
2016 73.2 67.1
2015 72.5 66.7
2014 72.2 67.4
2013 70.9 68.1
2012 69.9 67.9
2011 70.4 69.8
2010 69.8 67.7
2009 69.4 67
2008 68.1 67.3
2007 67.4 65.8
2006 66.4 63.7
2005 64.6 66.5
2004 67 66.9
2003 67.5 64.6
2002 66.5 64
2001 70.2 67.7
2000 68.6 64.1
1999 69.7 64.9
1998 68.4 64.9
1997 68.8 64.5
1996 68.1 65.4
1995 67.8 70.2

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

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

The Economic Freedom Index for the Czech Republic is 73.2, ranking 25/197, compared to 68.5 for Oman, ranking 45/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Czech Republic Oman
Services, % of GDP
60.2%
2024
46%
2024
Industry, % of GDP
29.2%
2024
54.2%
2024
Agriculture, forestry, and fishing, % of GDP
1.9%
2024
2.6%
2024
GNI, Atlas method
$322B
2024
$103B
2024
GNI per capita, PPP
$54,800
2024
$39,340
2024
Total reserves including gold
$146B
2024
$18.3B
2024
Total reserves ranking
22/177
2024
64/177
2024
Net foreign direct investment
-$1.87B
2024
-$12.6B
2024
Net inflows of foreign direct investment
$13.1B
2024
$12.5B
2024
Net outflows of foreign direct investment
$11.2B
2024
-$143M
2024
Poverty at national poverty lines
10.2%
2021
n/a
Gross capital formation, % of GDP
26.3%
2024
24.8%
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/oman | 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.