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Economy of Czech Republic vs San Marino compared: GDP & Debt

Updated on by Georank team

The Czech Republic has a GDP of $347B compared to $2.03B for San Marino, ranking 44/197 and 180/197 by economy size, respectively.

The Czech Republic has $150B in government debt (43.3% of GDP), compared to $1.39B (63.9% of GDP) in San Marino.

Czech Republic vs San Marino GDP by year

Czech Republic
San Marino
1x
Year GDP, current $
Czech Republic San Marino
2024 $347,034,062,928 -
2023 $345,059,295,660 $2,027,527,228
2022 $301,831,228,326 $1,829,211,864
2021 $290,972,714,482 $1,855,652,786
2020 $251,109,660,603 $1,541,248,249
2019 $256,794,209,029 $1,616,340,692
2018 $251,992,360,762 $1,655,353,653
2017 $221,563,575,696 $1,528,620,346
2016 $198,160,659,304 $1,468,343,140
2015 $189,107,698,562 $1,419,401,071
2014 $210,911,285,078 $1,673,911,426
2013 $213,024,360,541 $1,678,741,475
2012 $210,363,223,088 $1,604,701,299
2011 $231,429,378,717 $1,813,717,439
2010 $211,168,667,286 $1,881,191,925
2009 $206,971,882,705 $2,064,277,126
2008 $236,506,264,754 $2,403,213,305
2007 $190,040,702,287 $2,188,654,628
2006 $156,236,258,387 $1,909,765,165
2005 $137,264,185,596 $1,786,514,058
2004 $120,147,899,984 $1,715,340,543
2003 $100,435,924,705 $1,462,590,267
2002 $82,607,869,610 $1,148,872,072
2001 $68,135,304,464 $1,059,529,812
2000 $62,175,642,238 $1,007,661,367
1999 $65,586,562,605 $1,109,473,368
1998 $67,187,217,328 $1,048,316,226
1997 $62,539,765,163 $976,606,911
1996 $67,804,105,330 -
1995 $60,572,381,311 -
1994 $48,188,478,339 -
1993 $41,155,654,032 -
1992 $35,051,065,440 -
1991 $30,071,014,282 -
1990 $41,016,881,802 -

Data sources: World Bank | Economy & Growth (1990–2024, retrieved 2026-04-06).

GeoRank.org/economy/czech-republic/san-marino | CC BY

GDP per capita in Czech Republic vs San Marino by year

Czech Republic
GDP per capita

GDP per capita, PPP
San Marino
GDP per capita

GDP per capita, PPP
1x
Year Current $
Czech Republic San Marino
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $31,823 $57,285 - -
2023 $31,762 $55,761 $59,880 $78,745
2022 $28,282 $52,947 $54,191 $75,941
2021 $27,696 $47,796 $54,176 $64,745
2020 $23,473 $44,839 $44,327 $55,207
2019 $24,063 $45,614 $46,630 $57,444
2018 $23,706 $41,638 $47,951 $54,461
2017 $20,913 $39,346 $45,192 $52,463
2016 $18,754 $36,445 $44,359 $53,033
2015 $17,932 $34,093 $43,147 $52,247
2014 $20,038 $32,743 $51,260 $52,909
2013 $20,260 $31,013 $50,808 $50,770
2012 $20,014 $29,466 $47,946 $51,274
2011 $22,049 $29,237 $55,601 $56,240
2010 $20,160 $28,154 $56,543 $58,926
2009 $19,817 $27,713 $62,429 $61,970
2008 $22,775 $27,938 $75,902 $71,724
2007 $18,453 $26,268 $70,124 $71,744
2006 $15,259 $23,914 $63,271 $67,434
2005 $13,442 $22,115 $59,878 $63,739
2004 $11,783 $20,988 $58,232 $61,114
2003 $9,852 $19,604 $52,530 $60,224
2002 $8,101 $18,344 $41,791 $57,584
2001 $6,669 $17,709 $39,035 $57,252
2000 $6,063 $16,332 $37,601 $53,713
1999 $6,378 $15,494 $41,932 $52,064
1998 $6,527 $15,064 $40,127 $47,679
1997 $6,069 $14,911 $37,853 $44,426
1996 $6,573 $14,781 - -
1995 $5,865 $13,957 - -
1994 $4,663 $12,862 - -
1993 $3,984 $12,242 - -
1992 $3,397 $11,963 - -
1991 $2,917 $11,768 - -
1990 $3,969 $12,848 - -

Data sources: World Bank | Economy & Growth (1990–2024, retrieved 2026-04-06).

GeoRank.org/economy/czech-republic/san-marino | CC BY

The Czech Republic's GDP per capita is $31,823, ranking 39/197, compared to $59,880 in San Marino, ranking 15/197. Adjusted for purchasing power (GDP per capita PPP), the Czech Republic ranks 35th at $57,285, while San Marino ranks 17th at $78,745.

Economic indicators

Czech Republic San Marino
Gross domestic product
$347B
2024
$2.03B
2023
GDP rank
44/197
2024
180/197
2023
GDP growth
1.23%
2023-2024
0.4%
2022-2023
GDP per capita
$31,823
2024
$59,880
2023
GDP per capita rank
39/197
2024
15/197
2023
GDP per capita, PPP
$57,285
2024
$78,745
2023
GDP per capita PPP rank
35/197
2024
17/197
2023
Government debt
$150B
2024
$1.39B
2023
Debt-to-GDP ratio
43.3%
2024
63.9%
2024
Government debt per person
$13,792
2024
$40,919
2023
Government debt per person rank
43/185
2024
13/185
2023
Average annual personal income after taxes
$22,139
2026
$45,474
2026
Market capitalization of domestic companies
$34.6B
2024
n/a
Number of billionaires
11
2025
n/a
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
21%
2024
Consumer prices inflation
2.44%
2023-2024
1.2%
2023-2024
Central bank interest rate
3.5%
2025
n/a
Unemployment rate
2.6%
2024
4.91%
2022
Population
10649126
33967

Spending and national debt comparison by year

Czech Republic
Spending

Debt
San Marino
Spending

Debt
1x
Year % of GDP
Czech Republic San Marino
Government spending Government debt Government spending Government debt
2024 42.8% 43.3% 21% 63.9%
2023 43.7% 42.2% 21.7% 68.3%
2022 43% 42.5% 21.7% 70.6%
2021 45% 40.7% 37.1% 77.2%
2020 46.3% 36.9% 59.2% 69.8%
2019 40.4% 29.6% 22.4% 56.2%
2018 40.1% 31.7% 24.5% 56.7%
2017 38.5% 33.8% 25.6% 56.6%
2016 39.4% 36.2% 23.4% 21.4%
2015 41.7% 39.5% 26.3% 19.3%
2014 42.3% 41.5% 23.7% 21%
2013 42.4% 44.1% 30.2% 23.2%
2012 44.4% 43.8% 30.6% 17.2%
2011 42.8% 39.4% 25.4% 16.6%
2010 43.2% 36.7% 24.4% 20%
2009 44.5% 33.4% 24.8% 20.1%
2008 40.9% 28.2% 22% 15.5%
2007 40.5% 27.3% 20.7% 12.6%
2006 41.5% 27.6% 19.7% 14.2%
2005 42.3% 27.7% 19.3% 14.5%
2004 42.2% 28.3% 19% 16.9%
2003 49% 28.1% - 16.1%
2002 44.4% 25.7% - 17.2%
2001 43.1% 22.6% - 11.6%
2000 40.6% 16.9% - -
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/san-marino | CC BY

In 2024, the Czech Republic's government spending was $148B, accounting for 42.8% of its GDP, while San Marino spent $440M, or 21% of GDP.

Debt-to-GDP ratio is 43.3% in the Czech Republic and 63.9% in San Marino, ranking 124/185 and 71/185, respectively.

Government deficit by year

Deficit/surplus
Czech Republic

San Marino
1x
Year Deficit/surplus, % of GDP
Czech Republic San Marino
2024 -1.99% -0.53%
2023 -3.73% -0.72%
2022 -3.07% 0.42%
2021 -4.95% -16.4%
2020 -5.65% -37.6%
2019 0.28% -0.11%
2018 0.88% -1.56%
2017 1.46% -3.49%
2016 0.68% -0.19%
2015 -0.67% -3.32%
2014 -2.09% 1.06%
2013 -1.3% -7.74%
2012 -3.92% -7.08%
2011 -2.71% -4.05%
2010 -4.14% -2.24%
2009 -5.46% -2.46%
2008 -2% 0.18%
2007 -0.68% 1.83%
2006 -2.19% 1.51%
2005 -3.06% 3.58%
2004 -2.4% 2.44%
2003 -6.87% -
2002 -6.34% -
2001 -5.76% -
2000 -3.55% -
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/san-marino | CC BY

In 2023, the Czech Republic's government deficit, the difference between spending and revenue, was $12.9B, equivalent to 3.73% of GDP. This compares to San Marino's deficit of $14.7M, or 0.72% of GDP.

Over the past 20 years, the Czech Republic recorded a fiscal deficit in 16 of those years, while San Marino ran a deficit in 13 years. On average, the Czech Republic posted an annual deficit equal to 2.24% of GDP, compared to deficit of 3.8% of GDP for San Marino.

Inflation comparison by year

Inflation
Czech Republic

San Marino
1x
Year Consumer prices inflation
Czech Republic San Marino
2024 2.44% 1.2%
2023 10.7% 5.9%
2022 15.1% 5.3%
2021 3.84% 1.6%
2020 3.16% -0.1%
2019 2.85% 0.5%
2018 2.15% 1.2%
2017 2.45% 1%
2016 0.68% 0.6%
2015 0.31% 0.1%
2014 0.34% 1.1%
2013 1.44% 1.6%
2012 3.29% 2.8%
2011 1.92% 2.2%
2010 1.47% 2.4%
2009 1.02% 2.4%
2008 6.36% 4.1%
2007 2.85% 2.5%
2006 2.53% 2.1%
2005 1.86% 1.7%
2004 2.76% 1.4%
2003 0.12% 1.3%
2002 1.9% -
2001 4.66% -
2000 3.78% -
1999 2.14% -
1998 10.7% -
1997 8.6% -

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06); International Monetary Fund (IMF) | World Economic Outlook (2003–2024, retrieved 2026-02-20).

GeoRank.org/economy/czech-republic/san-marino | CC BY

Over the past 22 years, the Czech Republic has recorded an average annual inflation rate of 3.16%, compared with 1.95% in San Marino. In 2024, inflation was 2.44% in the Czech Republic and 1.2% in San Marino.

Balance of trade

Czech Republic San Marino
Current account balance
$6.05B
2024
$446M
2023
Current account balance ranking
31/190
2024
64/190
2023
Current account balance, % of GDP
+1.74%
2024
+22%
2023
Goods imports
$179B
2024
$2.25B
2023
Goods exports
$197B
2024
$2.53B
2023
Service imports
$38B
2024
$894M
2023
Service exports
$42.5B
2024
$1.25B
2023
Imports of goods and services, % of GDP
62.6%
2024
155%
2023
Exports of goods and services, % of GDP
68.9%
2024
186%
2023

Economic freedom indices

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

Czech Republic San Marino
Economic freedom 73.2 76
Economic freedom ranking 25/197 16/197
Property rights 89.8 n/a
Government integrity 64.7 n/a
Judicial effectiveness 92.1 n/a
Tax burden 78.8 n/a
Government spending 44.2 n/a
Fiscal health 82.5 n/a
Business freedom 76.8 n/a
Labor freedom 55.1 n/a
Monetary freedom 75 n/a
Trade freedom 79.4 n/a
Investment freedom 70 n/a
Financial freedom 70 n/a

Other economic metrics

Czech Republic San Marino
Services, % of GDP
60.2%
2024
56.9%
2023
Industry, % of GDP
29.2%
2024
35.8%
2023
Agriculture, forestry, and fishing, % of GDP
1.9%
2024
0.02%
2023
GNI, Atlas method
$322B
2024
$1.82B
2023
GNI per capita, PPP
$54,800
2024
$71,860
2023
Total reserves including gold
$146B
2024
$759M
2024
Total reserves ranking
22/177
2024
146/177
2024
Net foreign direct investment
-$1.87B
2024
$52.7M
2023
Net inflows of foreign direct investment
$13.1B
2024
-$18.1M
2023
Net outflows of foreign direct investment
$11.2B
2024
$0
2024
Poverty at national poverty lines
10.2%
2021
n/a
Gross capital formation, % of GDP
26.3%
2024
16.6%
2023

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/san-marino | 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 (1995–2024, retrieved 2026-02-20)
  3. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  4. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-03-09)
  5. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  6. 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.