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Economy of Czech Republic vs Romania compared: GDP & Debt

Updated on by Georank team

The Czech Republic has a GDP of $347B compared to $383B for Romania, ranking 44/197 and 42/197 by economy size, respectively.

The Czech Republic has $150B in government debt (43.3% of GDP), compared to $220B (57.4% of GDP) in Romania.

Czech Republic vs Romania GDP by year

Czech Republic
Romania
1x
Year GDP, current $
Czech Republic Romania
2024 $347,034,062,928 $382,564,217,989
2023 $345,059,295,660 $347,757,995,759
2022 $301,831,228,326 $295,319,437,557
2021 $290,972,714,482 $285,071,280,114
2020 $251,109,660,603 $250,625,048,304
2019 $256,794,209,029 $250,080,428,512
2018 $251,992,360,762 $241,791,427,224
2017 $221,563,575,696 $210,147,385,855
2016 $198,160,659,304 $185,290,759,249
2015 $189,107,698,562 $177,885,131,240
2014 $210,911,285,078 $199,722,319,676
2013 $213,024,360,541 $189,798,603,751
2012 $210,363,223,088 $179,117,323,107
2011 $231,429,378,717 $192,623,977,894
2010 $211,168,667,286 $170,064,350,672
2009 $206,971,882,705 $174,110,532,659
2008 $236,506,264,754 $214,315,932,061
2007 $190,040,702,287 $174,588,782,939
2006 $156,236,258,387 $122,023,735,993
2005 $137,264,185,596 $98,454,380,120
2004 $120,147,899,984 $74,973,656,852
2003 $100,435,924,705 $57,806,384,143
2002 $82,607,869,610 $46,065,502,703
2001 $68,135,304,464 $40,395,116,581
2000 $62,175,642,238 $37,253,739,511
1999 $65,586,562,605 $35,953,156,754
1998 $67,187,217,328 $41,696,091,974
1997 $62,539,765,163 $35,575,214,078
1996 $67,804,105,330 $36,937,074,278
1995 $60,572,381,311 $37,430,162,103
1994 $48,188,478,339 $30,072,805,104
1993 $41,155,654,032 $26,361,160,450
1992 $35,051,065,440 $25,121,666,667
1991 $30,071,014,282 $28,850,634,900
1990 $41,016,881,802 $38,247,882,300
1989 - $41,450,777,202
1988 - $40,424,528,302
1987 - $38,067,567,568

Data sources: World Bank | Economy & Growth (1987–2024, retrieved 2026-04-06).

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

GDP per capita in Czech Republic vs Romania by year

Czech Republic
GDP per capita

GDP per capita, PPP
Romania
GDP per capita

GDP per capita, PPP
1x
Year Current $
Czech Republic Romania
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $31,823 $57,285 $20,080 $49,077
2023 $31,762 $55,761 $18,244 $45,982
2022 $28,282 $52,947 $15,504 $41,979
2021 $27,696 $47,796 $14,908 $37,534
2020 $23,473 $44,839 $13,009 $34,194
2019 $24,063 $45,614 $12,910 $33,425
2018 $23,706 $41,638 $12,416 $29,383
2017 $20,913 $39,346 $10,728 $26,943
2016 $18,754 $36,445 $9,405 $23,905
2015 $17,932 $34,093 $8,977 $21,625
2014 $20,038 $32,743 $10,032 $20,633
2013 $20,260 $31,013 $9,498 $19,678
2012 $20,014 $29,466 $8,930 $19,808
2011 $22,049 $29,237 $9,561 $18,804
2010 $20,160 $28,154 $8,400 $17,355
2009 $19,817 $27,713 $8,548 $16,641
2008 $22,775 $27,938 $10,435 $16,782
2007 $18,453 $26,268 $8,360 $13,703
2006 $15,259 $23,914 $5,758 $11,554
2005 $13,442 $22,115 $4,618 $9,602
2004 $11,783 $20,988 $3,495 $8,989
2003 $9,852 $19,604 $2,679 $7,559
2002 $8,101 $18,344 $2,120 $7,162
2001 $6,669 $17,709 $1,825 $6,520
2000 $6,063 $16,332 $1,660 $5,850
1999 $6,378 $15,494 $1,600 $5,596
1998 $6,527 $15,064 $1,853 $5,545
1997 $6,069 $14,911 $1,577 $5,564
1996 $6,573 $14,781 $1,633 $5,746
1995 $5,865 $13,957 $1,650 $5,429
1994 $4,663 $12,862 $1,323 $4,995
1993 $3,984 $12,242 $1,158 $4,699
1992 $3,397 $11,963 $1,102 $4,515
1991 $2,917 $11,768 $1,254 $4,795
1990 $3,969 $12,848 $1,648 $5,280
1989 - - $1,790 -
1988 - - $1,753 -
1987 - - $1,659 -

Data sources: World Bank | Economy & Growth (1987–2024, retrieved 2026-04-06).

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

The Czech Republic's GDP per capita is $31,823, ranking 39/197, compared to $20,080 in Romania, ranking 58/197. Adjusted for purchasing power (GDP per capita PPP), the Czech Republic ranks 35th at $57,285, while Romania ranks 47th at $49,077.

Economic indicators

Czech Republic Romania
Gross domestic product
$347B
2024
$383B
2024
GDP rank
44/197
2024
42/197
2024
GDP growth
1.23%
2023-2024
0.92%
2023-2024
GDP per capita
$31,823
2024
$20,080
2024
GDP per capita rank
39/197
2024
58/197
2024
GDP per capita, PPP
$57,285
2024
$49,077
2024
GDP per capita PPP rank
35/197
2024
47/197
2024
Government debt
$150B
2024
$220B
2024
Debt-to-GDP ratio
43.3%
2024
57.4%
2024
Government debt per person
$13,792
2024
$11,533
2024
Government debt per person rank
43/185
2024
48/185
2024
Average annual personal income after taxes
$22,139
2026
$13,912
2026
Market capitalization of domestic companies
$34.6B
2024
$47.4B
2024
Number of billionaires
11
2025
6
2025
Income share by richest 10%
21.5%
2023
21.8%
2023
Income share by poorest 10%
3.8%
2023
2.4%
2023
Government expenditure, % of GDP
42.8%
2024
39.9%
2024
Consumer prices inflation
2.44%
2023-2024
5.6%
2023-2024
Central bank interest rate
3.5%
2025
6.5%
2024
Unemployment rate
2.6%
2024
5.43%
2024
Population
10649126
18839108

Spending and national debt comparison by year

Czech Republic
Spending

Debt
Romania
Spending

Debt
1x
Year % of GDP
Czech Republic Romania
Government spending Government debt Government spending Government debt
2024 42.8% 43.3% 39.9% 57.4%
2023 43.7% 42.2% 36.6% 52.1%
2022 43% 42.5% 37.4% 51.7%
2021 45% 40.7% 37% 51.5%
2020 46.3% 36.9% 38.1% 49.3%
2019 40.4% 29.6% 33.2% 36.5%
2018 40.1% 31.7% 31.7% 36.2%
2017 38.5% 33.8% 31% 37.1%
2016 39.4% 36.2% 31.8% 39.5%
2015 41.7% 39.5% 34.2% 39.4%
2014 42.3% 41.5% 33.8% 40.5%
2013 42.4% 44.1% 34.2% 39.3%
2012 44.4% 43.8% 33.5% 36.2%
2011 42.8% 39.4% 35% 32.6%
2010 43.2% 36.7% 37.4% 30.2%
2009 44.5% 33.4% 36.3% 22.5%
2008 40.9% 28.2% 35.3% 13%
2007 40.5% 27.3% 34.6% 12.4%
2006 41.5% 27.6% 33.9% 12.7%
2005 42.3% 27.7% 32.3% 17.8%
2004 42.2% 28.3% 33.7% 21.3%
2003 49% 28.1% 31.8% 24.9%
2002 44.4% 25.7% 32.1% 27.4%
2001 43.1% 22.6% 33.2% 27.4%
2000 40.6% 16.9% 35% 29.6%
1999 40.9% 15.1% 35.1% 21.7%
1998 41.6% 13.9% 34.7% 16.5%
1997 41.3% 12.1% 33.5% 15%
1996 41.4% 11.5% 33.5% 11%
1995 52.8% 13.5% 34.4% 6.91%
1994 - - 33.1% -
1993 - - 33.5% -
1992 - - 41.5% -
1991 - - 38.3% -
1990 - - 38.4% -
1989 - - 40.1% -
1988 - - 36.6% -
1987 - - 40.7% -
1986 - - 42.5% -
1985 - - 41.6% -
1984 - - 28.6% -
1983 - - 25.8% -
1982 - - 28.5% -
1981 - - 30.4% -
1980 - - 33.6% -
1979 - - 42% -
1978 - - 42.1% -
1977 - - 39.9% -
1976 - - 37.5% -
1975 - - 40.6% -
1974 - - 37.6% -
1973 - - 32.6% -
1972 - - 29.9% -
1971 - - 27.2% -
1970 - - 28.1% -
1969 - - 32.1% -
1968 - - 31.8% -
1967 - - 30.6% -
1966 - - 27.3% -
1965 - - 25.6% -
1964 - - 25.1% -
1963 - - 23.1% -
1962 - - 43.4% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1962–1999, retrieved 2026-02-20).

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

In 2024, the Czech Republic's government spending was $148B, accounting for 42.8% of its GDP, while Romania spent $153B, or 39.9% of GDP.

Debt-to-GDP ratio is 43.3% in the Czech Republic and 57.4% in Romania, ranking 124/185 and 87/185, respectively.

Government deficit by year

Deficit/surplus
Czech Republic

Romania
1x
Year Deficit/surplus, % of GDP
Czech Republic Romania
2024 -1.99% -8.68%
2023 -3.73% -5.61%
2022 -3.07% -5.83%
2021 -4.95% -6.7%
2020 -5.65% -9.54%
2019 0.28% -4.55%
2018 0.88% -2.74%
2017 1.46% -2.86%
2016 0.68% -2.5%
2015 -0.67% -1.35%
2014 -2.09% -1.76%
2013 -1.3% -2.44%
2012 -3.92% -2.39%
2011 -2.71% -4.14%
2010 -4.14% -6.22%
2009 -5.46% -6.86%
2008 -2% -4.6%
2007 -0.68% -3.05%
2006 -2.19% -1.36%
2005 -3.06% -0.69%
2004 -2.4% -3.39%
2003 -6.87% -2.29%
2002 -6.34% -2.59%
2001 -5.76% -3.2%
2000 -3.55% -3.99%
1999 -3.08% -3.58%
1998 -4.14% -5.33%
1997 -3.14% -5.19%
1996 -2.98% -4.74%
1995 -12.3% -3.32%
1994 - -2.2%
1993 - -0.35%
1992 - -4.55%
1991 - 3.23%
1990 - 1.03%
1989 - -2.87%
1988 - 8.4%
1987 - 2.37%
1986 - 5.72%
1985 - 6.36%
1984 - 15.2%
1983 - 9.35%
1982 - 0.36%
1981 - 0.61%
1980 - -1.95%
1979 - 0%
1978 - 0%
1977 - 0.23%
1976 - 0.66%
1975 - 0.41%
1974 - 0.51%
1973 - 1.53%
1972 - 1.21%
1971 - 0.89%
1970 - 0.52%
1969 - 0.93%
1968 - 1.65%
1967 - 1.23%
1966 - 0.91%
1965 - -1.29%
1964 - -3.11%
1963 - -1.61%
1962 - -4.86%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1962–1989, retrieved 2026-02-20).

GeoRank.org/economy/czech-republic/romania | 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 Romania's deficit of $33.2B, or 8.68% of GDP.

Over the past 30 years, the Czech Republic recorded a fiscal deficit in 26 of those years, while Romania 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 4.05% of GDP for Romania.

Inflation comparison by year

Inflation
Czech Republic

Romania
1x
Year Consumer prices inflation
Czech Republic Romania
2024 2.44% 5.6%
2023 10.7% 10.4%
2022 15.1% 13.8%
2021 3.84% 5%
2020 3.16% 2.6%
2019 2.85% 3.8%
2018 2.15% 4.6%
2017 2.45% 1.3%
2016 0.68% -1.6%
2015 0.31% -0.6%
2014 0.34% 1.1%
2013 1.44% 4%
2012 3.29% 3.3%
2011 1.92% 5.8%
2010 1.47% 6.1%
2009 1.02% 5.6%
2008 6.36% 7.8%
2007 2.85% 4.8%
2006 2.53% 6.6%
2005 1.86% 9%
2004 2.76% 11.9%
2003 0.12% 15.4%
2002 1.9% 22.5%
2001 4.66% 34.5%
2000 3.78% 45.7%
1999 2.14% 45.8%
1998 10.7% 59.1%
1997 8.6% 154.8%

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/romania | CC BY

Over the past 28 years, the Czech Republic has recorded an average annual inflation rate of 3.62%, compared with 17.5% in Romania. In 2024, inflation was 2.44% in the Czech Republic and 5.6% in Romania.

Top exports between countries

Czech Republic
Export category Export value
Machinery & equipment $2.21B
Chemicals & pharma $513M
Textiles & consumer goods $394M
Transport & tourism services $312M
Metals $287M
Processed food, beverages & tobacco $249M
Raw materials & minerals $174M
Miscellaneous $102M
Animal & marine products $93.9M
IT & IP services $93.7M
Romania
Export category Export value
Machinery & equipment $1.84B
Textiles & consumer goods $400M
Processed food, beverages & tobacco $359M
Chemicals & pharma $309M
Metals $247M
Transport & tourism services $138M
Business & finance services $94.6M
Raw materials & minerals $70.2M
Miscellaneous $58.8M
Raw agricultural goods $52.4M

Balance of trade

Czech Republic Romania
Current account balance
$6.05B
2024
-$31.2B
2024
Current account balance ranking
31/190
2024
185/190
2024
Current account balance, % of GDP
+1.74%
2024
-8.16%
2024
Goods imports
$179B
2024
$129B
2024
Goods exports
$197B
2024
$93.3B
2024
Service imports
$38B
2024
$30.2B
2024
Service exports
$42.5B
2024
$42.9B
2024
Imports of goods and services, % of GDP
62.6%
2024
41.6%
2024
Exports of goods and services, % of GDP
68.9%
2024
35.6%
2024

Economic freedom indices

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

Czech Republic Romania
Economic freedom 73.2 65.4
Economic freedom ranking 25/197 64/197
Property rights 89.8 81
Government integrity 64.7 50
Judicial effectiveness 92.1 67
Tax burden 78.8 89.1
Government spending 44.2 56.7
Fiscal health 82.5 21.4
Business freedom 76.8 74.4
Labor freedom 55.1 63.6
Monetary freedom 75 72.7
Trade freedom 79.4 79.4
Investment freedom 70 70
Financial freedom 70 60

Economic freedom comparison by year

Czech Republic
Romania
1x
Year Economic freedom index
Czech Republic Romania
2026 73.2 65.4
2025 72.9 66.5
2024 70.2 64.4
2023 71.9 64.5
2022 74.4 67.1
2021 73.8 69.5
2020 74.8 69.7
2019 73.7 68.6
2018 74.2 69.4
2017 73.3 69.7
2016 73.2 65.6
2015 72.5 66.6
2014 72.2 65.5
2013 70.9 65.1
2012 69.9 64.4
2011 70.4 64.7
2010 69.8 64.2
2009 69.4 63.2
2008 68.1 61.7
2007 67.4 61.2
2006 66.4 58.2
2005 64.6 52.1
2004 67 50
2003 67.5 50.6
2002 66.5 48.7
2001 70.2 50
2000 68.6 52.1
1999 69.7 50.1
1998 68.4 54.4
1997 68.8 50.8
1996 68.1 46.2
1995 67.8 42.9

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

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

The Economic Freedom Index for the Czech Republic is 73.2, ranking 25/197, compared to 65.4 for Romania, ranking 64/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Czech Republic Romania
Services, % of GDP
60.2%
2024
62.6%
2024
Industry, % of GDP
29.2%
2024
25.3%
2024
Agriculture, forestry, and fishing, % of GDP
1.9%
2024
2.81%
2024
GNI, Atlas method
$322B
2024
$335B
2024
GNI per capita, PPP
$54,800
2024
$47,920
2024
Total reserves including gold
$146B
2024
$73.4B
2024
Total reserves ranking
22/177
2024
35/177
2024
Net foreign direct investment
-$1.87B
2024
-$5.17B
2024
Net inflows of foreign direct investment
$13.1B
2024
$7.16B
2024
Net outflows of foreign direct investment
$11.2B
2024
$1.99B
2024
Poverty at national poverty lines
10.2%
2021
19%
2023
Gross capital formation, % of GDP
26.3%
2024
25%
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/romania | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1985–2024, 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 (1962–1999, 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)

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.