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Economy of Czech Republic vs Saudi Arabia compared: GDP & Debt

Updated on by Georank team

The Czech Republic has a GDP of $347B compared to $1.24T for Saudi Arabia, ranking 44/197 and 18/197 by economy size, respectively.

The Czech Republic has $150B in government debt (43.3% of GDP), compared to $324B (26.2% of GDP) in Saudi Arabia.

Czech Republic vs Saudi Arabia GDP by year

Czech Republic
Saudi Arabia
1x
Year GDP, current $
Czech Republic Saudi Arabia
2024 $347,034,062,928 $1,239,804,533,333
2023 $345,059,295,660 $1,218,584,533,333
2022 $301,831,228,326 $1,239,075,200,000
2021 $290,972,714,482 $982,661,066,667
2020 $251,109,660,603 $767,951,200,000
2019 $256,794,209,029 $888,890,133,333
2018 $251,992,360,762 $886,564,800,000
2017 $221,563,575,696 $741,266,133,333
2016 $198,160,659,304 $689,279,466,667
2015 $189,107,698,562 $693,414,400,000
2014 $210,911,285,078 $787,153,066,667
2013 $213,024,360,541 $769,755,733,333
2012 $210,363,223,088 $751,921,333,333
2011 $231,429,378,717 $680,660,800,000
2010 $211,168,667,286 $528,207,466,667
2009 $206,971,882,705 $429,097,866,667
2008 $236,506,264,754 $519,796,800,000
2007 $190,040,702,287 $415,964,509,673
2006 $156,236,258,387 $376,900,133,511
2005 $137,264,185,596 $328,459,608,764
2004 $120,147,899,984 $258,742,133,333
2003 $100,435,924,705 $215,807,733,333
2002 $82,607,869,610 $189,605,866,667
2001 $68,135,304,464 $184,137,600,000
2000 $62,175,642,238 $189,514,933,333
1999 $65,586,562,605 $161,717,066,667
1998 $67,187,217,328 $146,775,466,667
1997 $62,539,765,163 $165,963,684,913
1996 $67,804,105,330 $158,662,483,311
1995 $60,572,381,311 $143,343,124,166
1994 $48,188,478,339 $135,174,899,866
1993 $41,155,654,032 $132,967,957,276
1992 $35,051,065,440 $137,087,850,467
1991 $30,071,014,282 $132,223,230,975
1990 $41,016,881,802 $117,630,173,565
1989 - $95,344,459,279
1988 - $88,256,074,766
1987 - $85,695,861,148
1986 - $86,961,922,765
1985 - $103,897,846,494
1984 - $119,624,858,116
1983 - $129,171,635,311
1982 - $153,240,313,858
1981 - $184,291,360,139
1980 - $164,539,660,725
1979 - $111,858,444,786
1978 - $80,266,516,687
1977 - $74,188,986,586
1976 - $64,005,665,722
1975 - $46,773,208,643
1974 - $45,412,957,746
1973 - $14,947,435,499
1972 - $9,664,267,087
1971 - $7,184,806,909
1970 - $5,377,333,333
1969 - $4,485,777,644
1968 - $4,187,777,711
1967 - $3,257,022,223
1966 - $2,920,555,557
1965 - $2,647,955,558
1964 - $2,371,808,713
1963 - $2,207,393,172
1962 - $2,130,606,532
1961 - $1,920,811,284
1960 - $1,748,124,064

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

GeoRank.org/economy/czech-republic/saudi-arabia | CC BY

GDP per capita in Czech Republic vs Saudi Arabia by year

Czech Republic
GDP per capita

GDP per capita, PPP
Saudi Arabia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Czech Republic Saudi Arabia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $31,823 $57,285 $35,122 $71,375
2023 $31,762 $55,761 $36,157 $71,565
2022 $28,282 $52,947 $38,510 $71,968
2021 $27,696 $47,796 $31,921 $62,690
2020 $23,473 $44,839 $24,339 $47,518
2019 $24,063 $45,614 $29,567 $59,560
2018 $23,706 $41,638 $29,360 $59,378
2017 $20,913 $39,346 $23,929 $53,120
2016 $18,754 $36,445 $22,268 $49,937
2015 $17,932 $34,093 $23,256 $53,931
2014 $20,038 $32,743 $27,805 $62,578
2013 $20,260 $31,013 $27,865 $62,203
2012 $20,014 $29,466 $28,733 $65,034
2011 $22,049 $29,237 $27,127 $64,125
2010 $20,160 $28,154 $22,028 $58,829
2009 $19,817 $27,713 $17,718 $54,787
2008 $22,775 $27,938 $22,320 $57,236
2007 $18,453 $26,268 $18,596 $55,030
2006 $15,259 $23,914 $17,564 $54,639
2005 $13,442 $22,115 $15,976 $53,548
2004 $11,783 $20,988 $13,154 $51,225
2003 $9,852 $19,604 $11,487 $48,078
2002 $8,101 $18,344 $10,586 $45,466
2001 $6,669 $17,709 $10,805 $47,381
2000 $6,063 $16,332 $11,715 $48,644
1999 $6,378 $15,494 $10,452 $47,495
1998 $6,527 $15,064 $9,836 $48,867
1997 $6,069 $14,911 $11,545 $48,796
1996 $6,573 $14,781 $11,472 $48,569
1995 $5,865 $13,957 $10,786 $48,052
1994 $4,663 $12,862 $10,602 $48,904
1993 $3,984 $12,242 $10,885 $49,503
1992 $3,397 $11,963 $11,730 $50,355
1991 $2,917 $11,768 $11,847 $49,295
1990 $3,969 $12,848 $11,055 $46,214
1989 - - $9,414 -
1988 - - $9,165 -
1987 - - $9,386 -
1986 - - $10,078 -
1985 - - $12,745 -
1984 - - $15,541 -
1983 - - $17,810 -
1982 - - $22,454 -
1981 - - $28,703 -
1980 - - $27,206 -
1979 - - $19,612 -
1978 - - $14,914 -
1977 - - $14,595 -
1976 - - $13,313 -
1975 - - $10,266 -
1974 - - $10,503 -
1973 - - $3,640 -
1972 - - $2,474 -
1971 - - $1,929 -
1970 - - $1,509 -
1969 - - $1,313 -
1968 - - $1,276 -
1967 - - $1,032 -
1966 - - $961 -
1965 - - $904 -
1964 - - $840 -
1963 - - $812 -
1962 - - $813 -
1961 - - $760 -
1960 - - $718 -

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

GeoRank.org/economy/czech-republic/saudi-arabia | CC BY

The Czech Republic's GDP per capita is $31,823, ranking 39/197, compared to $35,122 in Saudi Arabia, ranking 33/197. Adjusted for purchasing power (GDP per capita PPP), the Czech Republic ranks 35th at $57,285, while Saudi Arabia ranks 24th at $71,375.

Economic indicators

Czech Republic Saudi Arabia
Gross domestic product
$347B
2024
$1.24T
2024
GDP rank
44/197
2024
18/197
2024
GDP growth
1.23%
2023-2024
2%
2023-2024
GDP per capita
$31,823
2024
$35,122
2024
GDP per capita rank
39/197
2024
33/197
2024
GDP per capita, PPP
$57,285
2024
$71,375
2024
GDP per capita PPP rank
35/197
2024
24/197
2024
Government debt
$150B
2024
$324B
2024
Debt-to-GDP ratio
43.3%
2024
26.2%
2024
Government debt per person
$13,792
2024
$9,185
2024
Government debt per person rank
43/185
2024
58/185
2024
Average annual personal income after taxes
$22,139
2026
$23,076
2026
Market capitalization of domestic companies
$34.6B
2024
$2.73T
2024
Number of millionaires n/a
351,855
2025
Number of billionaires
11
2025
15
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
29.6%
2024
Consumer prices inflation
2.44%
2023-2024
1.69%
2023-2024
Central bank interest rate
3.5%
2025
4.25%
2025
Unemployment rate
2.6%
2024
3.52%
2024
Population
10649126
36734925

Spending and national debt comparison by year

Czech Republic
Spending

Debt
Saudi Arabia
Spending

Debt
1x
Year % of GDP
Czech Republic Saudi Arabia
Government spending Government debt Government spending Government debt
2024 42.8% 43.3% 29.6% 26.2%
2023 43.7% 42.2% 28.3% 23%
2022 43% 42.5% 25.3% 21.3%
2021 45% 40.7% 28.2% 25.5%
2020 46.3% 36.9% 37.4% 29.7%
2019 40.4% 29.6% 31.8% 20.3%
2018 40.1% 31.7% 32.4% 16.8%
2017 38.5% 33.8% 30.9% 15.9%
2016 39.4% 36.2% 33.3% 12.2%
2015 41.7% 39.5% 38.5% 5.47%
2014 42.3% 41.5% 38.6% 1.5%
2013 42.4% 44.1% 34.5% 2.08%
2012 44.4% 43.8% 32.5% 2.97%
2011 42.8% 39.4% 32.4% 5.31%
2010 43.2% 36.7% 33% 8.43%
2009 44.5% 33.4% 37.1% 14%
2008 40.9% 28.2% 26.7% 12.1%
2007 40.5% 27.3% 29.5% 17.1%
2006 41.5% 27.6% 27.3% 25.8%
2005 42.3% 27.7% 28.2% 37.3%
2004 42.2% 28.3% 31.1% 62.9%
2003 49% 28.1% 33.1% 81.6%
2002 44.4% 25.7% 35.9% 96.4%
2001 43.1% 22.6% 36.9% 93.1%
2000 40.6% 16.9% 33.1% 86.7%
1999 40.9% 15.1% 30.3% 103%
1998 41.6% 13.9% 34.5% 101.5%
1997 41.3% 12.1% 35.6% 76.7%
1996 41.4% 11.5% 33.3% 75.2%
1995 52.8% 13.5% 32.4% 74.2%
1994 - - 33.8% 67.9%
1993 - - 37.7% 58.6%
1992 - - 41.2% 47.8%
1991 - - 34.9% 39.4%
1990 - - 39.3% -

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

GeoRank.org/economy/czech-republic/saudi-arabia | CC BY

In 2024, the Czech Republic's government spending was $148B, accounting for 42.8% of its GDP, while Saudi Arabia spent $367B, or 29.6% of GDP.

Debt-to-GDP ratio is 43.3% in the Czech Republic and 26.2% in Saudi Arabia, ranking 124/185 and 163/185, respectively.

Government deficit by year

Deficit/surplus
Czech Republic

Saudi Arabia
1x
Year Deficit/surplus, % of GDP
Czech Republic Saudi Arabia
2024 -1.99% -2.49%
2023 -3.73% -1.77%
2022 -3.07% 2.24%
2021 -4.95% -1.99%
2020 -5.65% -10.2%
2019 0.28% -3.96%
2018 0.88% -5.21%
2017 1.46% -8.57%
2016 0.68% -13.2%
2015 -0.67% -14.9%
2014 -2.09% -3.4%
2013 -1.3% 5.47%
2012 -3.92% 11.7%
2011 -2.71% 11.4%
2010 -4.14% 4.39%
2009 -5.46% -5.38%
2008 -2% 29.8%
2007 -0.68% 11.8%
2006 -2.19% 20.8%
2005 -3.06% 18%
2004 -2.4% 9.72%
2003 -6.87% 1.2%
2002 -6.34% -5.91%
2001 -5.76% -3.91%
2000 -3.55% 3.18%
1999 -3.08% -5.99%
1998 -4.14% -8.88%
1997 -3.14% -2.51%
1996 -2.98% -3.25%
1995 -12.3% -5.12%
1994 - -8.31%
1993 - -9.33%
1992 - -8.12%
1991 - -3.28%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2024, retrieved 2026-02-20).

GeoRank.org/economy/czech-republic/saudi-arabia | 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 Saudi Arabia's deficit of $30.9B, or 2.49% of GDP.

Over the past 30 years, the Czech Republic recorded a fiscal deficit in 26 of those years, while Saudi Arabia ran a deficit in 18 years. On average, the Czech Republic posted an annual deficit equal to 3.16% of GDP, compared to surplus of 0.77% of GDP for Saudi Arabia.

Inflation comparison by year

Inflation
Czech Republic

Saudi Arabia
1x
Year Consumer prices inflation
Czech Republic Saudi Arabia
2024 2.44% 1.69%
2023 10.7% 2.33%
2022 15.1% 2.47%
2021 3.84% 3.06%
2020 3.16% 3.37%
2019 2.85% -1.19%
2018 2.15% 2.47%
2017 2.45% -0.83%
2016 0.68% 2.05%
2015 0.31% 1.22%
2014 0.34% 2.24%
2013 1.44% 3.51%
2012 3.29% 2.87%
2011 1.92% 5.83%
2010 1.47% 5.34%
2009 1.02% 5.06%
2008 6.36% 9.87%
2007 2.85% 4.17%
2006 2.53% 2.21%
2005 1.86% 0.48%
2004 2.76% 0.52%
2003 0.12% 0.61%
2002 1.9% 0.25%
2001 4.66% -1.12%
2000 3.78% -1.12%
1999 2.14% -1.33%
1998 10.7% -0.37%
1997 8.6% 0.06%

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

GeoRank.org/economy/czech-republic/saudi-arabia | CC BY

Over the past 28 years, the Czech Republic has recorded an average annual inflation rate of 3.62%, compared with 1.99% in Saudi Arabia. In 2024, inflation was 2.44% in the Czech Republic and 1.69% in Saudi Arabia.

Top exports between countries

Czech Republic
Export category Export value
Machinery & equipment $518M
Transport & tourism services $39M
Textiles & consumer goods $37.7M
Weapons & explosives $32.6M
Chemicals & pharma $31.4M
Metals $18.8M
Miscellaneous $16.8M
Animal & marine products $16.8M
Raw materials & minerals $13M
Processed food, beverages & tobacco $8.85M
Saudi Arabia
Export category Export value
Machinery & equipment $5.73M
Metals $3.39M
Textiles & consumer goods $1.8M
Chemicals & pharma $719K
Wood & paper products $335K
Raw materials & minerals $131K
Miscellaneous $29K
Raw agricultural goods $23K
Animal & marine products $1K

Balance of trade

Czech Republic Saudi Arabia
Current account balance
$6.05B
2024
-$16.3B
2024
Current account balance ranking
31/190
2024
180/190
2024
Current account balance, % of GDP
+1.74%
2024
-1.31%
2024
Goods imports
$179B
2024
$214B
2024
Goods exports
$197B
2024
$306B
2024
Service imports
$38B
2024
$125B
2024
Service exports
$42.5B
2024
$62.8B
2024
Imports of goods and services, % of GDP
62.6%
2024
25.6%
2024
Exports of goods and services, % of GDP
68.9%
2024
29.1%
2024

Economic freedom indices

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

Czech Republic Saudi Arabia
Economic freedom 73.2 65.4
Economic freedom ranking 25/197 65/197
Property rights 89.8 51.4
Government integrity 64.7 52.7
Judicial effectiveness 92.1 38.2
Tax burden 78.8 99.2
Government spending 44.2 77
Fiscal health 82.5 97.9
Business freedom 76.8 71.2
Labor freedom 55.1 41.8
Monetary freedom 75 81.2
Trade freedom 79.4 73.8
Investment freedom 70 50
Financial freedom 70 50

Economic freedom comparison by year

Czech Republic
Saudi Arabia
1x
Year Economic freedom index
Czech Republic Saudi Arabia
2026 73.2 65.4
2025 72.9 64.4
2024 70.2 61.9
2023 71.9 58.3
2022 74.4 55.5
2021 73.8 66
2020 74.8 62.4
2019 73.7 60.7
2018 74.2 59.6
2017 73.3 64.4
2016 73.2 62.1
2015 72.5 62.1
2014 72.2 62.2
2013 70.9 60.6
2012 69.9 62.5
2011 70.4 66.2
2010 69.8 64.1
2009 69.4 64.3
2008 68.1 62.5
2007 67.4 60.9
2006 66.4 63
2005 64.6 63
2004 67 60.4
2003 67.5 63.2
2002 66.5 65.3
2001 70.2 62.2
2000 68.6 66.5
1999 69.7 65.5
1998 68.4 69.3
1997 68.8 68.7
1996 68.1 68.3
1995 67.8 -

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

GeoRank.org/economy/czech-republic/saudi-arabia | CC BY

The Economic Freedom Index for the Czech Republic is 73.2, ranking 25/197, compared to 65.4 for Saudi Arabia, ranking 65/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Czech Republic Saudi Arabia
Services, % of GDP
60.2%
2024
47.1%
2024
Industry, % of GDP
29.2%
2024
44.9%
2024
Agriculture, forestry, and fishing, % of GDP
1.9%
2024
2.54%
2024
GNI, Atlas method
$322B
2024
$1.26T
2024
GNI per capita, PPP
$54,800
2024
$71,730
2024
Total reserves including gold
$146B
2024
$464B
2024
Total reserves ranking
22/177
2024
7/177
2024
Net foreign direct investment
-$1.87B
2024
$6.27B
2024
Net inflows of foreign direct investment
$13.1B
2024
$21.3B
2024
Net outflows of foreign direct investment
$11.2B
2024
$27.6B
2024
Poverty at national poverty lines
10.2%
2021
n/a
Gross capital formation, % of GDP
26.3%
2024
30.2%
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/saudi-arabia | 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 (2021–2024, 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.