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Economy of Czech Republic vs Russia compared: GDP & Debt

Updated on by Georank

The Czech Republic has a GDP of $391B compared to $2.56T for Russia, ranking 42/197 and 8/197 by economy size, respectively.

The Czech Republic has $174B in government debt (44.6% of GDP), compared to $440B (17.2% of GDP) in Russia.

Czech Republic vs Russia GDP by year

Czech Republic
Russia
1x
Year GDP, current $
Czech Republic Russia
2025 $391,026,962,800 $2,561,310,169,359
2024 $347,082,562,221 $2,186,462,268,813
2023 $345,059,295,660 $2,046,284,838,151
2022 $301,831,228,326 $2,292,495,097,681
2021 $290,972,714,482 $1,829,186,719,575
2020 $251,109,660,603 $1,493,075,894,362
2019 $256,794,209,029 $1,693,115,002,708
2018 $251,992,360,762 $1,657,328,773,461
2017 $221,563,575,696 $1,574,199,360,089
2016 $198,160,659,304 $1,276,786,350,881
2015 $189,107,698,562 $1,363,482,182,198
2014 $210,911,285,078 $2,059,241,589,895
2013 $213,024,360,541 $2,292,470,078,346
2012 $210,363,223,088 $2,208,293,553,878
2011 $231,429,378,717 $2,045,922,753,398
2010 $211,168,667,286 $1,524,916,715,224
2009 $206,971,882,705 $1,222,645,900,056
2008 $236,506,264,754 $1,660,848,058,303
2007 $190,040,702,287 $1,299,703,478,482
2006 $156,236,258,387 $989,932,071,353
2005 $137,264,185,596 $764,015,973,481
2004 $120,147,899,984 $591,016,690,732
2003 $100,435,924,705 $430,347,420,185
2002 $82,607,869,610 $345,470,494,418
2001 $68,135,304,464 $306,602,070,621
2000 $62,175,642,238 $259,710,142,197
1999 $65,586,562,605 $195,907,128,351
1998 $67,187,217,328 $270,955,486,862
1997 $62,539,765,163 $404,928,954,192
1996 $67,804,105,330 $391,724,890,744
1995 $60,572,381,311 $395,537,185,735
1994 $48,188,478,339 $395,077,301,248
1993 $41,155,654,032 $435,083,713,851
1992 $35,051,065,440 $460,290,556,901
1991 $30,071,014,282 $517,962,962,963
1990 $41,016,881,802 $517,014,446,228
1989 - $506,631,299,735
1988 - $554,828,660,436

Data sources: World Bank | Economy & Growth (1988–2025, retrieved 2026-07-08).

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

GDP per capita in Czech Republic vs Russia by year

Czech Republic
GDP per capita

GDP per capita, PPP
Russia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Czech Republic Russia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $35,917 - $17,847 -
2024 $31,828 $57,285 $15,219 $47,362
2023 $31,762 $55,761 $14,227 $44,269
2022 $28,282 $52,947 $15,894 $40,939
2021 $27,696 $47,796 $12,637 $38,638
2020 $23,473 $44,839 $10,280 $31,491
2019 $24,063 $45,614 $11,640 $30,964
2018 $23,706 $41,638 $11,399 $28,629
2017 $20,913 $39,346 $10,835 $25,778
2016 $18,754 $36,445 $8,804 $24,012
2015 $17,932 $34,093 $9,427 $23,994
2014 $20,038 $32,743 $14,277 $25,688
2013 $20,260 $31,013 $15,941 $26,020
2012 $20,014 $29,466 $15,402 $24,274
2011 $22,049 $29,237 $14,305 $22,790
2010 $20,160 $28,154 $10,675 $20,490
2009 $19,817 $27,713 $8,563 $19,390
2008 $22,775 $27,938 $11,635 $20,164
2007 $18,453 $26,268 $9,101 $16,648
2006 $15,259 $23,914 $6,920 $14,912
2005 $13,442 $22,115 $5,323 $11,822
2004 $11,783 $20,988 $4,102 $10,227
2003 $9,852 $19,604 $2,975 $9,255
2002 $8,101 $18,344 $2,378 $8,037
2001 $6,669 $17,709 $2,100 $7,361
2000 $6,063 $16,332 $1,772 $6,825
1999 $6,378 $15,494 $1,331 $5,914
1998 $6,527 $15,064 $1,835 $5,465
1997 $6,069 $14,911 $2,738 $5,700
1996 $6,573 $14,781 $2,644 $5,518
1995 $5,865 $13,957 $2,666 $5,613
1994 $4,663 $12,862 $2,662 $5,734
1993 $3,984 $12,242 $2,931 $6,420
1992 $3,397 $11,963 $3,099 $6,862
1991 $2,917 $11,768 $3,490 $7,858
1990 $3,969 $12,848 $3,494 $8,028
1989 - - $3,430 -
1988 - - $3,778 -

Data sources: World Bank | Economy & Growth (1988–2025, retrieved 2026-07-08).

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

The Czech Republic's GDP per capita is $35,917, ranking 35/197, compared to $17,847 in Russia, ranking 68/197. Adjusted for purchasing power (GDP per capita PPP), the Czech Republic ranks 35th at $57,285, while Russia ranks 50th at $47,362.

Economic indicators

Czech Republic Russia
Gross domestic product
$391B
2025
$2.56T
2025
GDP rank
42/197
2025
8/197
2025
GDP growth
2.58%
2024-2025
1%
2024-2025
GDP per capita
$35,917
2025
$17,847
2025
GDP per capita rank
35/197
2025
68/197
2025
GDP per capita, PPP
$57,285
2024
$47,362
2024
GDP per capita PPP rank
35/197
2024
50/197
2024
Government debt
$174B
2025
$440B
2025
Debt-to-GDP ratio
44.6%
2025
17.2%
2025
Government debt per person
$16,026
2025
$3,068
2025
Government debt per person rank
42/185
2025
105/185
2025
Average annual personal income after taxes
$22,312
2026
$11,183
2026
Market capitalization of domestic companies
$55.4B
2025
$650B
2023
Number of millionaires n/a
447,000
2026
Number of billionaires
11
2026
147
2026
Income share by richest 10%
21.5%
2023
25.1%
2023
Income share by poorest 10%
3.8%
2023
3.1%
2023
Government expenditure, % of GDP
43.5%
2025
39.1%
2025
Consumer prices inflation
2.46%
2024-2025
8.7%
2024-2025
Central bank interest rate
3.5%
2025
14.5%
2026
Unemployment rate
2.8%
2025
2.13%
2025
Population
10742283
142643173

Spending and national debt comparison by year

Czech Republic
Spending

Debt
Russia
Spending

Debt
1x
Year % of GDP
Czech Republic Russia
Government spending Government debt Government spending Government debt
2025 43.5% 44.6% 39.1% 17.2%
2024 42.9% 43.3% 36.7% 14.8%
2023 43.7% 42.2% 36.1% 15.2%
2022 43% 42.5% 35.1% 15.1%
2021 45% 40.7% 34.9% 16.5%
2020 46.3% 36.9% 39.2% 19.2%
2019 40.4% 29.6% 33.8% 13.7%
2018 40.1% 31.7% 32.6% 13.6%
2017 38.5% 33.8% 34.8% 14.3%
2016 39.4% 36.2% 36.6% 14.8%
2015 41.7% 39.5% 35.3% 15.3%
2014 42.3% 41.5% 34.9% 15.1%
2013 42.4% 44.1% 34.7% 12.3%
2012 44.4% 43.8% 34% 11.2%
2011 42.8% 39.4% 33.3% 10.3%
2010 43.2% 36.7% 35.5% 10.1%
2009 44.5% 33.4% 38.6% 9.92%
2008 40.9% 28.2% 32% 7.45%
2007 40.5% 27.3% 31.9% 8.03%
2006 41.5% 27.6% 29% 9.8%
2005 42.3% 27.7% 29.5% 14.9%
2004 42.2% 28.3% 29.6% 20.8%
2003 49% 28.1% 32.6% 28.3%
2002 44.4% 25.7% 33.8% 37.6%
2001 43.1% 22.6% 31.5% 44.4%
2000 40.6% 16.9% 30.7% 55.9%
1999 40.9% 15.1% 34.3% 92.4%
1998 41.6% 13.9% 39.7% 135.2%
1997 41.3% 12.1% - 51.5%
1996 41.4% 11.5% - 51.9%
1995 52.8% 13.5% - 53.7%
1994 - - - 63.5%
1993 - - - 92.4%
1992 - - - 116%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1992–1996, retrieved 2026-07-08).

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

In 2025, the Czech Republic's government spending was $170B, accounting for 43.5% of its GDP, while Russia spent $1T, or 39.1% of GDP.

Debt-to-GDP ratio is 44.6% in the Czech Republic and 17.2% in Russia, ranking 119/185 and 175/185, respectively.

Government deficit by year

Deficit/surplus
Czech Republic

Russia
1x
Year Deficit/surplus, % of GDP
Czech Republic Russia
2025 -2.03% -3.9%
2024 -2.03% -1.59%
2023 -3.73% -2.24%
2022 -3.07% -1.34%
2021 -4.95% 0.78%
2020 -5.65% -3.99%
2019 0.28% 1.93%
2018 0.88% 2.92%
2017 1.46% -1.47%
2016 0.68% -3.67%
2015 -0.67% -3.39%
2014 -2.09% -1.07%
2013 -1.3% -1.16%
2012 -3.92% 0.38%
2011 -2.71% 1.43%
2010 -4.14% -3.19%
2009 -5.46% -5.89%
2008 -2% 4.55%
2007 -0.68% 5.59%
2006 -2.19% 7.8%
2005 -3.06% 7.6%
2004 -2.4% 4.57%
2003 -6.87% 1.35%
2002 -6.34% 0.67%
2001 -5.76% 2.99%
2000 -3.55% 3.11%
1999 -3.08% -3.59%
1998 -4.14% -7.42%
1997 -3.14% -
1996 -2.98% -
1995 -12.3% -
1994 - -
1993 - -
1992 - -
1991 - -
1990 - -
1989 - -
1988 - -
1987 - -
1986 - -
1985 - -
1984 - -
1983 - -
1982 - -
1981 - -
1980 - -
1979 - -
1978 - -
1977 - -
1976 - -
1975 - -
1974 - -
1973 - -
1972 - -
1971 - -
1970 - -
1969 - -
1968 - -
1967 - -
1966 - -
1965 - -
1964 - -
1963 - -
1962 - -
1961 - -
1960 - -
1959 - -
1958 - -
1957 - -
1956 - -
1955 - -
1954 - -
1953 - -
1952 - -
1951 - -
1950 - -
1949 - -
1948 - -
1947 - -
1946 - -
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - 0.15%
1939 - 0.12%
1938 - 0.16%
1937 - 0.12%
1936 - 0.1%
1935 - 0.07%
1934 - 0.25%
1933 - 0.58%
1932 - 0.06%
1931 - -1.12%
1930 - -1.62%
1929 - -0.4%
1928 - -0.4%
1927 - -
1926 - -
1925 - -
1924 - -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 - -
1912 - 0.69%
1911 - 1.26%
1910 - 1.52%
1909 - -0.15%
1908 - -0.83%
1907 - -0.86%
1906 - -3.19%
1905 - -7.72%
1904 - -5.13%
1903 - 1.04%
1902 - -1.57%
1901 - 0.14%
1900 - -0.36%
1899 - 0.66%
1898 - 0.03%
1897 - 0.34%
1896 - 1.3%
1895 - 0.7%
1894 - 1.43%
1893 - 0.63%
1892 - -1.16%
1891 - -0.97%
1890 - 0.01%
1889 - 1.34%
1888 - 0.88%
1887 - 0.14%
1886 - -0.84%
1885 - -0.75%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1885–1940, retrieved 2026-07-08).

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

In 2025, the Czech Republic's government deficit, the difference between spending and revenue, was $7.92B, equivalent to 2.03% of GDP. This compares to Russia's deficit of $100B, or 3.9% of GDP.

Over the past 28 years, the Czech Republic recorded a fiscal deficit in 24 of those years, while Russia ran a deficit in 14 years. On average, the Czech Republic posted an annual deficit equal to 2.8% of GDP, compared to surplus of 0.06% of GDP for Russia.

Inflation comparison by year

Inflation
Czech Republic

Russia
1x
Year Consumer prices inflation
Czech Republic Russia
2025 2.46% 8.7%
2024 2.44% 8.4%
2023 10.7% 5.9%
2022 15.1% 13.7%
2021 3.84% 6.7%
2020 3.16% 3.4%
2019 2.85% 4.5%
2018 2.15% 2.9%
2017 2.45% 3.7%
2016 0.68% 7%
2015 0.31% 15.5%
2014 0.34% 7.8%
2013 1.44% 6.8%
2012 3.29% 5.1%
2011 1.92% 8.4%
2010 1.47% 6.8%
2009 1.02% 11.6%
2008 6.36% 14.1%
2007 2.85% 9%
2006 2.53% 9.7%
2005 1.86% 12.7%
2004 2.76% 10.9%
2003 0.12% 13.7%
2002 1.9% 15.8%
2001 4.66% 21.5%
2000 3.78% 20.8%
1999 2.14% 85.7%
1998 10.7% 27.7%
1997 8.6% 14.8%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, the Czech Republic has recorded an average annual inflation rate of 3.58%, compared with 13.2% in Russia. In 2025, inflation was 2.46% in the Czech Republic and 8.7% in Russia.

Top exports between countries

Czech Republic
Export category Export value
Chemicals & pharma $226M
Transport & tourism services $149M
Machinery & equipment $97.9M
Textiles & consumer goods $53.3M
Processed food, beverages & tobacco $51.1M
Miscellaneous $39.3M
IT & IP services $32.8M
Raw agricultural goods $29.9M
Business & finance services $23.1M
Wood & paper products $20.7M
Russia
Export category Export value
Raw materials & minerals $2.06B
Miscellaneous $1.06B
Metals $387M
Machinery & equipment $267M
IT & IP services $149M
Business & finance services $92.1M
Wood & paper products $87.9M
Chemicals & pharma $75.1M
Transport & tourism services $52.3M
Manufacturing & construction services $49.8M

Balance of trade

Czech Republic Russia
Current account balance
$2.44B
2025
$43.1B
2025
Current account balance ranking
41/190
2025
14/190
2025
Current account balance, % of GDP
+0.62%
2025
+1.68%
2025
Goods imports
$197B
2025
$305B
2025
Goods exports
$215B
2025
$422B
2025
Service imports
$42.9B
2025
$94.8B
2025
Service exports
$47.5B
2025
$46.3B
2025
Imports of goods and services, % of GDP
61.1%
2025
15.5%
2025
Exports of goods and services, % of GDP
66.9%
2025
18.2%
2025

Economic freedom indices

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

Czech Republic Russia
Economic freedom 73.2 50.3
Economic freedom ranking 25/197 161/197
Property rights 89.8 18.6
Government integrity 64.7 22.8
Judicial effectiveness 92.1 22.8
Tax burden 78.8 81.9
Government spending 44.2 61.3
Fiscal health 82.5 94.4
Business freedom 76.8 51.4
Labor freedom 55.1 59.1
Monetary freedom 75 61.8
Trade freedom 79.4 69.4
Investment freedom 70 30
Financial freedom 70 30

Economic freedom comparison by year

Czech Republic
Russia
1x
Year Economic freedom index
Czech Republic Russia
2026 73.2 50.3
2025 72.9 51.6
2024 70.2 52
2023 71.9 53.8
2022 74.4 56.1
2021 73.8 61.5
2020 74.8 61
2019 73.7 58.9
2018 74.2 58.2
2017 73.3 57.1
2016 73.2 50.6
2015 72.5 52.1
2014 72.2 51.9
2013 70.9 51.1
2012 69.9 50.5
2011 70.4 50.5
2010 69.8 50.3
2009 69.4 50.8
2008 68.1 49.8
2007 67.4 52.2
2006 66.4 52.4
2005 64.6 51.3
2004 67 52.8
2003 67.5 50.8
2002 66.5 48.7
2001 70.2 49.8
2000 68.6 51.8
1999 69.7 54.5
1998 68.4 52.8
1997 68.8 48.6
1996 68.1 51.6
1995 67.8 51.1

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for the Czech Republic is 73.2, ranking 25/197, compared to 50.3 for Russia, ranking 161/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Czech Republic Russia
Services, % of GDP
60.8%
2025
58.9%
2025
Industry, % of GDP
28.7%
2025
29.7%
2025
Agriculture, forestry, and fishing, % of GDP
1.95%
2025
3.06%
2025
GNI, Atlas method
$359B
2025
$2.33T
2025
GNI per capita, PPP
$57,870
2025
$49,220
2025
Total reserves including gold
$176B
2025
$608B
2024
Total reserves ranking
21/177
2025
6/177
2024
Net foreign direct investment
-$1.88B
2025
-$12.4B
2025
Net inflows of foreign direct investment
$13.5B
2024
-$9.35B
2024
Net outflows of foreign direct investment
$12.9B
2024
-$170M
2024
Servicing debt to the IMF, % of GNI n/a
2.63%
2024
Poverty at national poverty lines
10.2%
2021
7.2%
2024
Gross capital formation, % of GDP
26.8%
2025
25.9%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

Compare countries by 7 more topics

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Data sources:

  1. World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. International Monetary Fund (IMF) | Public Finances in Modern History (1885–1996, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2021–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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.