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Economy of Czech Republic vs Singapore compared: GDP & Debt

Updated on by Georank team

The Czech Republic has a GDP of $347B compared to $547B for Singapore, ranking 44/197 and 28/197 by economy size, respectively.

The Czech Republic has $150B in government debt (43.3% of GDP), compared to $950B (173.5% of GDP) in Singapore.

Czech Republic vs Singapore GDP by year

Czech Republic
Singapore
1x
Year GDP, current $
Czech Republic Singapore
2024 $347,034,062,928 $547,386,645,892
2023 $345,059,295,660 $505,439,514,078
2022 $301,831,228,326 $509,017,841,147
2021 $290,972,714,482 $436,591,382,250
2020 $251,109,660,603 $349,165,858,545
2019 $256,794,209,029 $376,161,998,830
2018 $251,992,360,762 $377,123,710,561
2017 $221,563,575,696 $343,673,334,902
2016 $198,160,659,304 $319,646,468,521
2015 $189,107,698,562 $307,998,545,269
2014 $210,911,285,078 $314,863,580,758
2013 $213,024,360,541 $307,576,360,585
2012 $210,363,223,088 $295,092,888,077
2011 $231,429,378,717 $279,356,499,090
2010 $211,168,667,286 $239,807,980,591
2009 $206,971,882,705 $194,150,283,772
2008 $236,506,264,754 $193,617,323,539
2007 $190,040,702,287 $180,941,701,358
2006 $156,236,258,387 $148,627,286,361
2005 $137,264,185,596 $127,807,848,728
2004 $120,147,899,984 $115,033,593,101
2003 $100,435,924,705 $97,646,401,096
2002 $82,607,869,610 $92,538,372,870
2001 $68,135,304,464 $89,793,790,670
2000 $62,175,642,238 $96,076,539,926
1999 $65,586,562,605 $86,286,849,755
1998 $67,187,217,328 $85,728,207,782
1997 $62,539,765,163 $100,123,787,215
1996 $67,804,105,330 $96,293,086,513
1995 $60,572,381,311 $87,812,540,788
1994 $48,188,478,339 $73,688,724,431
1993 $41,155,654,032 $60,603,815,716
1992 $35,051,065,440 $52,131,320,033
1991 $30,071,014,282 $45,466,164,978
1990 $41,016,881,802 $36,144,336,769
1989 - $30,465,364,739
1988 - $25,371,462,488
1987 - $20,919,215,578
1986 - $18,586,746,057
1985 - $19,156,532,746
1984 - $19,749,361,098
1983 - $17,784,112,150
1982 - $16,084,252,378
1981 - $14,175,228,844
1980 - $11,896,256,783
1979 - $9,296,921,724
1978 - $7,517,176,355
1977 - $6,618,585,074
1976 - $6,327,077,974
1975 - $5,633,673,930
1974 - $5,221,534,956
1973 - $3,696,213,333
1972 - $2,721,440,981
1971 - $2,263,785,444
1970 - $1,920,574,150
1969 - $1,659,893,768
1968 - $1,425,706,091
1967 - $1,238,035,816
1966 - $1,096,425,608
1965 - $974,644,096
1964 - $894,153,311
1963 - $917,608,012
1962 - $826,239,212
1961 - $764,629,788
1960 - $704,751,700

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

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

GDP per capita in Czech Republic vs Singapore by year

Czech Republic
GDP per capita

GDP per capita, PPP
Singapore
GDP per capita

GDP per capita, PPP
1x
Year Current $
Czech Republic Singapore
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $31,823 $57,285 $90,674 $150,689
2023 $31,762 $55,761 $85,412 $143,786
2022 $28,282 $52,947 $90,299 $143,095
2021 $27,696 $47,796 $80,056 $132,617
2020 $23,473 $44,839 $61,410 $101,518
2019 $24,063 $45,614 $65,952 $105,335
2018 $23,706 $41,638 $66,882 $103,963
2017 $20,913 $39,346 $61,236 $95,744
2016 $18,754 $36,445 $57,006 $89,902
2015 $17,932 $34,093 $55,646 $87,156
2014 $20,038 $32,743 $57,565 $84,555
2013 $20,260 $31,013 $56,967 $83,088
2012 $20,014 $29,466 $55,548 $82,108
2011 $22,049 $29,237 $53,891 $80,052
2010 $20,160 $28,154 $47,237 $75,401
2009 $19,817 $27,713 $38,927 $66,213
2008 $22,775 $27,938 $40,009 $67,735
2007 $18,453 $26,268 $39,433 $68,805
2006 $15,259 $23,914 $33,768 $64,061
2005 $13,442 $22,115 $29,961 $58,822
2004 $11,783 $20,988 $27,608 $54,384
2003 $9,852 $19,604 $23,730 $48,778
2002 $8,101 $18,344 $22,160 $45,083
2001 $6,669 $17,709 $21,700 $43,109
2000 $6,063 $16,332 $23,853 $43,781
1999 $6,378 $15,494 $21,797 $39,949
1998 $6,527 $15,064 $21,829 $37,560
1997 $6,069 $14,911 $26,376 $39,286
1996 $6,573 $14,781 $26,233 $36,873
1995 $5,865 $13,957 $24,915 $35,090
1994 $4,663 $12,862 $21,552 $33,058
1993 $3,984 $12,242 $18,290 $30,062
1992 $3,397 $11,963 $16,136 $27,022
1991 $2,917 $11,768 $14,502 $25,530
1990 $3,969 $12,848 $11,862 $23,815
1989 - - $10,395 -
1988 - - $8,914 -
1987 - - $7,539 -
1986 - - $6,800 -
1985 - - $7,002 -
1984 - - $7,228 -
1983 - - $6,633 -
1982 - - $6,078 -
1981 - - $5,597 -
1980 - - $4,928 -
1979 - - $3,901 -
1978 - - $3,194 -
1977 - - $2,846 -
1976 - - $2,759 -
1975 - - $2,490 -
1974 - - $2,342 -
1973 - - $1,685 -
1972 - - $1,264 -
1971 - - $1,071 -
1970 - - $926 -
1969 - - $813 -
1968 - - $709 -
1967 - - $626 -
1966 - - $567 -
1965 - - $517 -
1964 - - $486 -
1963 - - $511 -
1962 - - $472 -
1961 - - $449 -
1960 - - $428 -

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

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

The Czech Republic's GDP per capita is $31,823, ranking 39/197, compared to $90,674 in Singapore, ranking 7/197. Adjusted for purchasing power (GDP per capita PPP), the Czech Republic ranks 35th at $57,285, while Singapore ranks 2nd at $150,689.

Economic indicators

Czech Republic Singapore
Gross domestic product
$347B
2024
$547B
2024
GDP rank
44/197
2024
28/197
2024
GDP growth
1.23%
2023-2024
4.39%
2023-2024
GDP per capita
$31,823
2024
$90,674
2024
GDP per capita rank
39/197
2024
7/197
2024
GDP per capita, PPP
$57,285
2024
$150,689
2024
GDP per capita PPP rank
35/197
2024
2/197
2024
Government debt
$150B
2024
$950B
2024
Debt-to-GDP ratio
43.3%
2024
173.5%
2024
Government debt per person
$13,792
2024
$157,326
2024
Government debt per person rank
43/185
2024
1/185
2024
Average annual personal income after taxes
$22,139
2026
$52,793
2026
Market capitalization of domestic companies
$34.6B
2024
$638B
2024
Number of millionaires n/a
331,000
2025
Number of billionaires
11
2025
49
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
14.6%
2024
Consumer prices inflation
2.44%
2023-2024
2.39%
2023-2024
Central bank interest rate
3.5%
2025
n/a
Unemployment rate
2.6%
2024
2.74%
2024
Population
10649126
6125852

Spending and national debt comparison by year

Czech Republic
Spending

Debt
Singapore
Spending

Debt
1x
Year % of GDP
Czech Republic Singapore
Government spending Government debt Government spending Government debt
2024 42.8% 43.3% 14.6% 173.5%
2023 43.7% 42.2% 14.8% 172.8%
2022 43% 42.5% 15% 154.3%
2021 45% 40.7% 15.6% 141.7%
2020 46.3% 36.9% 24.1% 148.2%
2019 40.4% 29.6% 14% 127.9%
2018 40.1% 31.7% 13.9% 109.4%
2017 38.5% 33.8% 13.6% 107.6%
2016 39.4% 36.2% 15.3% 106.3%
2015 41.7% 39.5% 14.4% 102.2%
2014 42.3% 41.5% 12.6% 97.7%
2013 42.4% 44.1% 10.9% 98.2%
2012 44.4% 43.8% 9.83% 106.7%
2011 42.8% 39.4% 9.66% 103.1%
2010 43.2% 36.7% 10.2% 98.7%
2009 44.5% 33.4% 15.9% 101.7%
2008 40.9% 28.2% 14% 97.9%
2007 40.5% 27.3% 9.01% 87.8%
2006 41.5% 27.6% 12.3% 86.5%
2005 42.3% 27.7% 12.4% 92.7%
2004 42.2% 28.3% 14.1% 95.7%
2003 49% 28.1% 15.6% 99.1%
2002 44.4% 25.7% 15.9% 96.3%
2001 43.1% 22.6% 18.2% 94.5%
2000 40.6% 16.9% 16.1% 82.3%
1999 40.9% 15.1% 15.9% 85.3%
1998 41.6% 13.9% 18.1% 84.6%
1997 41.3% 12.1% 14.5% 70.8%
1996 41.4% 11.5% 18.1% 71.3%
1995 52.8% 13.5% 13.8% 69.8%
1994 - - 11.7% 70.7%
1993 - - 14.5% 71.2%
1992 - - 14.5% 79%
1991 - - 15.9% 76.4%
1990 - - 15.1% 73.5%

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

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

In 2024, the Czech Republic's government spending was $148B, accounting for 42.8% of its GDP, while Singapore spent $79.7B, or 14.6% of GDP.

Debt-to-GDP ratio is 43.3% in the Czech Republic and 173.5% in Singapore, ranking 124/185 and 4/185, respectively.

Government deficit by year

Deficit/surplus
Czech Republic

Singapore
1x
Year Deficit/surplus, % of GDP
Czech Republic Singapore
2024 -1.99% 4.44%
2023 -3.73% 3.47%
2022 -3.07% 1.21%
2021 -4.95% 1.13%
2020 -5.65% -6.73%
2019 0.28% 3.77%
2018 0.88% 3.68%
2017 1.46% 5.24%
2016 0.68% 3.25%
2015 -0.67% 2.86%
2014 -2.09% 4.6%
2013 -1.3% 5.96%
2012 -3.92% 7.34%
2011 -2.71% 7.96%
2010 -4.14% 5.68%
2009 -5.46% -0.09%
2008 -2% 3.59%
2007 -0.68% 7.12%
2006 -2.19% 2.16%
2005 -3.06% 2.56%
2004 -2.4% 2.06%
2003 -6.87% 0.68%
2002 -6.34% 2.23%
2001 -5.76% 1.2%
2000 -3.55% 4.59%
1999 -3.08% 5.2%
1998 -4.14% 2.41%
1997 -3.14% 5.66%
1996 -2.98% 1.98%
1995 -12.3% 4.8%
1994 - 7.9%
1993 - 4.36%
1992 - 2.7%
1991 - 0.68%
1990 - 1.97%

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

GeoRank.org/economy/czech-republic/singapore | 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 Singapore's surplus of $24.3B, or 4.44% of GDP.

Over the past 30 years, the Czech Republic recorded a fiscal deficit in 26 of those years, while Singapore ran a deficit in 2 years. On average, the Czech Republic posted an annual deficit equal to 3.16% of GDP, compared to surplus of 3.33% of GDP for Singapore.

Inflation comparison by year

Inflation
Czech Republic

Singapore
1x
Year Consumer prices inflation
Czech Republic Singapore
2024 2.44% 2.39%
2023 10.7% 4.83%
2022 15.1% 6.13%
2021 3.84% 2.32%
2020 3.16% -0.17%
2019 2.85% 0.57%
2018 2.15% 0.44%
2017 2.45% 0.58%
2016 0.68% -0.53%
2015 0.31% -0.52%
2014 0.34% 1.03%
2013 1.44% 2.36%
2012 3.29% 4.58%
2011 1.92% 5.25%
2010 1.47% 2.83%
2009 1.02% 0.59%
2008 6.36% 6.64%
2007 2.85% 2.11%
2006 2.53% 0.97%
2005 1.86% 0.43%
2004 2.76% 1.66%
2003 0.12% 0.51%
2002 1.9% -0.39%
2001 4.66% 1%
2000 3.78% 1.36%
1999 2.14% 0.02%
1998 10.7% -0.27%
1997 8.6% 2%

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

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

Over the past 28 years, the Czech Republic has recorded an average annual inflation rate of 3.62%, compared with 1.74% in Singapore. In 2024, inflation was 2.44% in the Czech Republic and 2.39% in Singapore.

Top exports between countries

Czech Republic
Export category Export value
Machinery & equipment $1.08B
Manufacturing & construction services $110M
IT & IP services $47.8M
Transport & tourism services $27.2M
Chemicals & pharma $19M
Business & finance services $18.8M
Textiles & consumer goods $18.3M
Raw materials & minerals $6.38M
Metals $5.57M
Precious metals & jewellery $2.29M
Singapore
Export category Export value
Machinery & equipment $455M
Chemicals & pharma $4.68M
Textiles & consumer goods $3.82M
Metals $3.48M
Raw materials & minerals $1.3M
Wood & paper products $595K
Precious metals & jewellery $549K
Processed food, beverages & tobacco $515K
Raw agricultural goods $191K
Miscellaneous $56K

Balance of trade

Czech Republic Singapore
Current account balance
$6.05B
2024
$96B
2024
Current account balance ranking
31/190
2024
8/190
2024
Current account balance, % of GDP
+1.74%
2024
+17.5%
2024
Goods imports
$179B
2024
$435B
2024
Goods exports
$197B
2024
$583B
2024
Service imports
$38B
2024
$351B
2024
Service exports
$42.5B
2024
$396B
2024
Imports of goods and services, % of GDP
62.6%
2024
143.6%
2024
Exports of goods and services, % of GDP
68.9%
2024
178.8%
2024

Economic freedom indices

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

Czech Republic Singapore
Economic freedom 73.2 84.4
Economic freedom ranking 25/197 1/197
Property rights 89.8 89.2
Government integrity 64.7 86.1
Judicial effectiveness 92.1 58.3
Tax burden 78.8 89.5
Government spending 44.2 93.4
Fiscal health 82.5 80
Business freedom 76.8 90.6
Labor freedom 55.1 77
Monetary freedom 75 83.5
Trade freedom 79.4 95
Investment freedom 70 90
Financial freedom 70 80

Economic freedom comparison by year

Czech Republic
Singapore
1x
Year Economic freedom index
Czech Republic Singapore
2026 73.2 84.4
2025 72.9 84.1
2024 70.2 83.5
2023 71.9 83.9
2022 74.4 84.4
2021 73.8 89.7
2020 74.8 89.4
2019 73.7 89.4
2018 74.2 88.8
2017 73.3 88.6
2016 73.2 87.8
2015 72.5 89.4
2014 72.2 89.4
2013 70.9 88
2012 69.9 87.5
2011 70.4 87.2
2010 69.8 86.1
2009 69.4 87.1
2008 68.1 87.3
2007 67.4 87.1
2006 66.4 88
2005 64.6 88.6
2004 67 88.9
2003 67.5 88.2
2002 66.5 87.4
2001 70.2 87.8
2000 68.6 87.7
1999 69.7 86.9
1998 68.4 87
1997 68.8 87.3
1996 68.1 86.5
1995 67.8 86.3

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

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

The Economic Freedom Index for the Czech Republic is 73.2, ranking 25/197, compared to 84.4 for Singapore, ranking 1/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Czech Republic Singapore
Services, % of GDP
60.2%
2024
73%
2024
Industry, % of GDP
29.2%
2024
21.4%
2024
Agriculture, forestry, and fishing, % of GDP
1.9%
2024
0.03%
2024
GNI, Atlas method
$322B
2024
$451B
2024
GNI per capita, PPP
$54,800
2024
$126,190
2024
Total reserves including gold
$146B
2024
$384B
2024
Total reserves ranking
22/177
2024
9/177
2024
Net foreign direct investment
-$1.87B
2024
-$96.7B
2024
Net inflows of foreign direct investment
$13.1B
2024
$152B
2024
Net outflows of foreign direct investment
$11.2B
2024
$55.3B
2024
Poverty at national poverty lines
10.2%
2021
n/a
Gross capital formation, % of GDP
26.3%
2024
22.2%
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/singapore | 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.