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Economy of Czech Republic vs Sri Lanka compared: GDP & Debt

Updated on by Georank team

The Czech Republic has a GDP of $345B compared to $99B for Sri Lanka, ranking 45/197 and 71/197 by economy size, respectively.

The Czech Republic has $148B in government debt (44.2% of GDP), compared to $98.4B (105.6% of GDP) in Sri Lanka.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Czech Republic
GDP, current $

GDP, constant 2015 $
Sri Lanka
GDP, current $

GDP, constant 2015 $
Year GDP
Czech Republic Sri Lanka
Current $ Constant $ Current $ Constant $
1960 - - $1,409,873,950 -
1961 - - $1,444,327,731 $6,526,664,116
1962 - - $1,434,156,379 $6,775,853,428
1963 - - $1,240,672,269 $6,946,384,624
1964 - - $1,309,747,899 $7,217,740,543
1965 - - $1,698,319,328 $7,400,851,267
1966 - - $1,751,470,588 $7,772,654,452
1967 - - $1,859,465,021 $8,273,137,570
1968 - - $1,801,344,538 $8,753,070,071
1969 - - $1,965,546,218 $9,428,528,703
1970 - - $2,296,470,588 $9,791,209,303
1971 - - $2,369,308,600 $9,919,171,146
1972 - - $2,553,936,348 $9,878,454,941
1973 - - $2,875,625,000 $10,575,616,915
1974 - - $3,574,586,466 $10,982,337,251
1975 - - $3,791,298,146 $11,655,140,838
1976 - - $3,591,319,857 $12,043,852,220
1977 - - $4,104,509,583 $12,658,159,773
1978 - - $2,733,183,857 $13,373,831,476
1979 - - $3,364,611,432 $14,230,232,388
1980 - - $4,024,621,900 $15,062,135,547
1981 - - $4,415,844,156 $15,920,605,692
1982 - - $4,768,765,017 $16,579,956,893
1983 - - $5,167,913,302 $17,378,114,521
1984 - - $6,043,474,843 $18,264,250,049
1985 - - $5,978,460,972 $19,177,354,129
1986 - - $6,405,210,564 $20,012,632,786
1987 - - $6,682,167,120 $20,357,972,917
1988 - - $6,978,371,581 $20,861,361,467
1989 - - $6,987,267,684 $21,341,027,046
1990 $41,016,881,802 $122,972,963,913 $8,032,551,173 $22,706,851,776
1991 $30,071,014,282 $108,689,725,031 $9,000,362,582 $23,751,364,061
1992 $35,051,065,440 $108,139,165,551 $9,703,011,636 $24,796,422,002
1993 $41,155,654,032 $108,206,108,282 $10,338,679,636 $26,507,390,805
1994 $48,188,478,339 $111,354,158,853 $11,717,604,209 $27,991,783,146
1995 $60,572,381,311 $118,281,953,160 $13,029,697,561 $29,531,355,077
1996 $67,804,105,330 $123,212,636,053 $13,897,738,375 $30,653,536,886
1997 $62,539,765,163 $122,478,487,836 $15,091,913,884 $32,617,018,444
1998 $67,187,217,328 $121,996,963,424 $15,794,972,847 $34,149,503,956
1999 $65,586,562,605 $123,678,521,512 $15,656,327,860 $35,618,117,204
2000 $62,175,642,238 $128,638,858,401 $16,330,814,180 $37,755,216,046
2001 $68,135,304,464 $132,391,536,300 $15,749,753,805 $37,171,743,867
2002 $82,607,869,610 $134,395,228,572 $16,536,535,647 $38,645,482,957
2003 $100,435,924,705 $138,831,395,778 $18,881,765,437 $40,941,128,632
2004 $120,147,899,984 $145,406,922,288 $20,662,525,941 $43,170,398,174
2005 $137,264,185,596 $154,676,655,550 $24,405,791,045 $45,864,985,657
2006 $156,236,258,387 $164,921,158,025 $28,279,802,406 $49,382,046,638
2007 $190,040,702,287 $173,973,393,346 $32,350,238,760 $52,738,458,482
2008 $236,506,264,754 $178,518,044,754 $40,713,826,215 $55,876,443,248
2009 $206,971,882,705 $169,952,170,271 $42,066,224,093 $57,853,861,433
2010 $211,168,667,286 $174,565,802,522 $58,636,161,082 $62,491,408,088
2011 $231,429,378,717 $177,659,773,383 $67,753,284,044 $67,909,090,095
2012 $210,363,223,088 $176,290,606,022 $70,447,216,891 $73,771,125,926
2013 $213,024,360,541 $176,216,894,660 $77,000,578,167 $76,760,144,813
2014 $210,911,285,078 $180,173,337,875 $82,528,535,714 $81,655,890,647
2015 $189,107,698,562 $189,107,698,562 $85,090,301,052 $85,090,301,052
2016 $198,160,659,304 $193,988,322,685 $88,000,211,172 $89,390,445,685
2017 $221,563,575,696 $204,024,435,233 $94,369,350,286 $95,165,677,467
2018 $251,992,360,762 $209,798,950,825 $94,450,015,983 $97,364,084,799
2019 $256,794,209,029 $217,279,912,682 $88,998,706,297 $97,149,412,680
2020 $251,109,660,603 $205,753,475,018 $84,335,574,582 $92,656,723,482
2021 $290,972,714,482 $214,043,320,221 $88,556,698,938 $96,555,233,344
2022 $301,831,228,326 $220,137,498,831 $74,143,020,263 $89,459,202,881
2023 $343,206,568,135 $220,015,846,842 $83,716,142,582 $87,374,939,262
2024 $345,036,675,975 $222,480,870,567 $98,963,185,510 $91,751,304,717

Economic indicators

Czech Republic Sri Lanka
Gross domestic product
$345B
2024
$99B
2024
GDP rank
45/197
2024
71/197
2024
GDP growth
0.53%
2023-2024
18.2%
2023-2024
GDP per capita
$31,707
2024
$4,516
2024
GDP per capita rank
39/197
2024
125/197
2024
GDP per capita, PPP
$56,806
2024
$15,633
2024
Government debt
$148B
2024
$98.4B
2024
Debt-to-GDP ratio
44.2%
2025
105.6%
2025
Government debt per person
$13,630
2024
$4,490
2024
Government debt per person rank
43/185
2024
86/185
2024
Average annual personal income after taxes
$21,451
2025
$2,982
2025
Market capitalization of domestic companies
$34.6B
2024
$19.5B
2024
Number of billionaires
11
2025
n/a
Income share by richest 10%
21.5%
2023
30.8%
2019
Income share by poorest 10%
3.8%
2023
3.1%
2019
Government expenditure, % of GDP
43.3%
2025
20.2%
2025
Consumer prices inflation
2.44%
2023-2024
-0.43%
2023-2024
Central bank interest rate
3.5%
2025
7.75%
2025
Unemployment rate
2.6%
2024
4.53%
2022
Population
10753822
22125995

GDP per capita in Czech Republic vs Sri Lanka

The Czech Republic's GDP per capita is $31,707, ranking 39/197, compared to $4,516 in Sri Lanka, ranking 125/197. Adjusted for purchasing power (GDP per capita PPP), the Czech Republic ranks 34th at $56,806, while Sri Lanka ranks 112th at $15,633.

Czech Republic
GDP per capita

GDP per capita, PPP
Sri Lanka
GDP per capita

GDP per capita, PPP
Year Current $
Czech Republic Sri Lanka
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 - - $145.9 -
1961 - - $145.9 -
1962 - - $141.4 -
1963 - - $119.4 -
1964 - - $122.9 -
1965 - - $155.6 -
1966 - - $156.6 -
1967 - - $162.3 -
1968 - - $153.5 -
1969 - - $163.6 -
1970 - - $186.9 -
1971 - - $188.8 -
1972 - - $199.4 -
1973 - - $220.2 -
1974 - - $268.7 -
1975 - - $279.8 -
1976 - - $260.3 -
1977 - - $292.1 -
1978 - - $191 -
1979 - - $230.8 -
1980 - - $271.1 -
1981 - - $292.5 -
1982 - - $312 -
1983 - - $336 -
1984 - - $391 -
1985 - - $385 -
1986 - - $407 -
1987 - - $420 -
1988 - - $434 -
1989 - - $430 -
1990 $3,969 $12,806 $491 $2,527
1991 $2,917 $11,730 $546 $2,713
1992 $3,397 $11,924 $580 $2,851
1993 $3,984 $12,201 $607 $3,067
1994 $4,663 $12,820 $678 $3,260
1995 $5,865 $13,948 $742 $3,454
1996 $6,573 $14,775 $776 $3,582
1997 $6,069 $14,908 $827 $3,804
1998 $6,527 $15,063 $849 $3,952
1999 $6,378 $15,494 $826 $4,103
2000 $6,063 $16,329 $846 $4,368
2001 $6,669 $17,711 $804 $4,328
2002 $8,101 $18,344 $835 $4,522
2003 $9,852 $19,607 $946 $4,850
2004 $11,783 $20,991 $1,029 $5,216
2005 $13,442 $22,115 $1,207 $5,679
2006 $15,259 $23,919 $1,390 $6,261
2007 $18,453 $26,269 $1,579 $6,820
2008 $22,775 $27,938 $1,974 $7,317
2009 $19,817 $27,699 $2,027 $7,576
2010 $20,160 $28,157 $2,808 $8,234
2011 $22,049 $29,237 $3,225 $9,076
2012 $20,014 $29,466 $3,328 $10,249
2013 $20,260 $31,013 $3,741 $11,253
2014 $20,038 $32,743 $3,972 $11,721
2015 $17,932 $34,102 $4,058 $12,227
2016 $18,754 $36,445 $4,149 $13,079
2017 $20,913 $39,346 $4,399 $13,610
2018 $23,706 $41,638 $4,359 $14,178
2019 $24,063 $45,614 $4,082 $14,113
2020 $23,473 $44,839 $3,848 $12,941
2021 $27,696 $47,796 $3,997 $14,316
2022 $28,282 $51,710 $3,343 $14,194
2023 $31,591 $53,217 $3,799 $14,456
2024 $31,707 $56,806 $4,516 $15,633

Spending and national debt comparison

In 2024, the Czech Republic's government spending was $148B, accounting for 43.3% of its GDP, while Sri Lanka's spent $19.1B, or 20.2% of GDP.

Debt-to-GDP ratio is 44.2% in the Czech Republic and 105.6% in Sri Lanka, ranking 119/185 and 18/185, respectively.

Czech Republic
Government spending

Government debt
Sri Lanka
Government spending

Government debt
Year % of GDP
Czech Republic Sri Lanka
Government spending Government debt Government spending Government debt
1990 - - 25.4% 78.9%
1991 - - 26.4% 80.5%
1992 - - 23% 77.9%
1993 - - 23.2% 79.2%
1994 - - 24.1% 77.9%
1995 52.8% 13.5% 24.8% 77.8%
1996 41.4% 11.5% 23.1% 76.2%
1997 41.3% 12.1% 21.4% 70.1%
1998 41.6% 13.9% 21.4% 74.2%
1999 40.9% 15.1% 20.5% 77.7%
2000 40.6% 16.9% 21.7% 79.2%
2001 43.1% 22.6% 22.4% 84.4%
2002 44.4% 25.7% 20.8% 96.3%
2003 49% 28.1% 19.3% 86.5%
2004 42.2% 28.3% 19.3% 86.5%
2005 42.3% 27.7% 20.1% 76.6%
2006 41.5% 27.6% 20.5% 74.3%
2007 40.5% 27.3% 19.9% 71.8%
2008 40.9% 28.2% 19.1% 68.8%
2009 44.5% 33.4% 21% 72.8%
2010 43.2% 36.7% 19.3% 68.7%
2011 42.8% 39.4% 19.1% 69.4%
2012 44.4% 43.8% 17.3% 67.5%
2013 42.4% 44.1% 16.6% 69.5%
2014 42.3% 41.5% 17.2% 69.6%
2015 41.7% 39.5% 19.3% 76.3%
2016 39.4% 36.2% 18.2% 75%
2017 38.5% 33.8% 17.9% 72.3%
2018 40.1% 31.7% 17.5% 83.6%
2019 40.4% 29.6% 19.5% 82.6%
2020 46.3% 36.9% 22.1% 96.9%
2021 45% 40.7% 20% 102.7%
2022 43% 42.5% 18.6% 115.9%
2023 43.9% 42.4% 19.5% 110.4%
2024 43% 43% 19.3% 99.4%
2025 43.3% 44.2% 20.2% 105.6%

Government deficit by year

In 2024, the Czech Republic's government deficit, the difference between spending and revenue, was -$7.63B, equivalent to -2.21% of GDP. This compares to Sri Lanka's deficit of -$5.58B, or -5.64% of GDP.

Over the past 30 years, the Czech Republic recorded a fiscal deficit in 26 of those years, while Sri Lanka ran a deficit in 30 years. On average, the Czech Republic posted an annual deficit equal to -3.17% of GDP, compared to deficit of -6.91% of GDP for Sri Lanka.

Deficit/surplus
Czech Republic

Sri Lanka
Year Deficit/surplus, % of GDP
Czech Republic Sri Lanka
1990 - -6.39%
1991 - -7.97%
1992 - -4.95%
1993 - -5.77%
1994 - -7.41%
1995 -12.3% -7.11%
1996 -2.98% -6.89%
1997 -3.14% -5.71%
1998 -4.14% -6.79%
1999 -3.08% -5.58%
2000 -3.55% -7.78%
2001 -5.76% -8.48%
2002 -6.34% -6.9%
2003 -6.87% -6.15%
2004 -2.4% -6.32%
2005 -3.06% -5.93%
2006 -2.19% -5.91%
2007 -0.68% -5.81%
2008 -2% -5.93%
2009 -5.46% -8.33%
2010 -4.14% -6.73%
2011 -2.71% -6.01%
2012 -3.92% -5.44%
2013 -1.3% -5%
2014 -2.09% -5.99%
2015 -0.67% -6.64%
2016 0.68% -5%
2017 1.46% -5.1%
2018 0.88% -4.96%
2019 0.28% -7.52%
2020 -5.65% -13.4%
2021 -4.95% -11.7%
2022 -3.07% -10.2%
2023 -3.78% -8.32%
2024 -2.21% -5.64%
2025 -2.56% -5.49%

Inflation comparison by year

Over the past 29 years, the Czech Republic has recorded an average annual inflation rate of 3.8%, compared with 9.57% in Sri Lanka. In 2024, inflation was 2.44% in the Czech Republic and -0.43% in Sri Lanka.

Inflation
Czech Republic

Sri Lanka
Year Inflation
Czech Republic Sri Lanka Czech Republic Sri Lanka
1996 8.76% 15.9%
1997 8.6% 9.57%
1998 10.7% 9.36%
1999 2.14% 4.69%
2000 3.78% 6.18%
2001 4.66% 14.2%
2002 1.9% 9.55%
2003 0.12% 6.31%
2004 2.76% 7.58%
2005 1.86% 11.6%
2006 2.53% 10%
2007 2.85% 15.8%
2008 6.36% 22.6%
2009 1.02% 3.46%
2010 1.47% 6.22%
2011 1.92% 6.72%
2012 3.29% 7.54%
2013 1.44% 6.91%
2014 0.34% 3.18%
2015 0.31% 3.77%
2016 0.68% 3.96%
2017 2.45% 7.7%
2018 2.15% 2.14%
2019 2.85% 3.53%
2020 3.16% 6.15%
2021 3.84% 7.01%
2022 15.1% 49.7%
2023 10.7% 16.5%
2024 2.44% -0.43%

Top exports between countries

Czech Republic
Export category Export value
Machinery & equipment $4.07M
Chemicals & pharma $3.79M
Textiles & consumer goods $2.42M
Processed food, beverages & tobacco $1.53M
Metals $1.1M
Weapons & explosives $511K
Raw materials & minerals $169K
Raw agricultural goods $127K
Precious metals & jewellery $59K
Wood & paper products $53K
Sri Lanka
Export category Export value
Textiles & consumer goods $17.4M
Raw materials & minerals $5.1M
Machinery & equipment $3.72M
Raw agricultural goods $2.88M
Processed food, beverages & tobacco $2.65M
Animal & marine products $332K
Chemicals & pharma $142K
Wood & paper products $75K
Precious metals & jewellery $48K
Metals $6K

Balance of trade

Czech Republic Sri Lanka
Current account balance
$6.05B
2024
$1.56B
2023
Current account balance ranking
31/189
2024
50/189
2023
Current account balance, % of GDP
+1.75%
2024
+1.86%
2023
Goods imports
$179B
2024
$16.8B
2023
Goods exports
$197B
2024
$11.9B
2023
Service imports
$38B
2024
$2.01B
2023
Service exports
$42.5B
2024
$5.42B
2023
Imports of goods and services, % of GDP
62.7%
2024
22.5%
2024
Exports of goods and services, % of GDP
69.2%
2024
19.9%
2024

Economic freedom indices

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

Czech Republic Sri Lanka
Economic freedom 72.9 49.4
Economic freedom ranking 25/197 164/197
Property rights 89.9 51.3
Government integrity 62.8 37.4
Judicial effectiveness 92 47.4
Tax burden 78.9 77.5
Government spending 42.2 88.8
Fiscal health 71.5 0
Business freedom 81.4 55.8
Labor freedom 57.9 54.6
Monetary freedom 68.9 54.5
Trade freedom 79.6 65
Investment freedom 70 30
Financial freedom 80 30

Economic freedom by year comparison

The Economic Freedom Index for the Czech Republic is 72.9, ranking 25/197, compared to 49.4 for Sri Lanka, ranking 164/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Czech Republic
Sri Lanka
Year Economic freedom index
Czech Republic Sri Lanka
1995 67.8 60.6
1996 68.1 62.5
1997 68.8 65.5
1998 68.4 64.6
1999 69.7 64
2000 68.6 63.2
2001 70.2 66
2002 66.5 64
2003 67.5 62.5
2004 67 61.6
2005 64.6 61
2006 66.4 58.7
2007 67.4 59.4
2008 68.1 58.4
2009 69.4 56
2010 69.8 54.6
2011 70.4 57.1
2012 69.9 58.3
2013 70.9 60.7
2014 72.2 60
2015 72.5 58.6
2016 73.2 59.9
2017 73.3 57.4
2018 74.2 57.8
2019 73.7 56.4
2020 74.8 57.4
2021 73.8 55.7
2022 74.4 53.3
2023 71.9 52.2
2024 70.2 49.2
2025 72.9 49.4

More economic indicators

Czech Republic Sri Lanka
Services, % of GDP
59.5%
2024
57.5%
2024
Industry, % of GDP
30.2%
2024
25.5%
2024
Agriculture, forestry, and fishing, % of GDP
1.5%
2024
8.3%
2024
GNI, Atlas method
$317B
2024
$84.6B
2024
GNI per capita, PPP
$54,340
2024
$15,240
2024
Total reserves including gold
$146B
2024
$6.09B
2024
Total reserves ranking
22/177
2024
92/177
2024
Net foreign direct investment
-$1.87B
2024
-$678M
2023
Net inflows of foreign direct investment
$13.1B
2024
$761M
2024
Net outflows of foreign direct investment
$11.2B
2024
$110M
2024
Servicing debt to the IMF, % of GNI
n/a
3.48%
2023
Poverty at national poverty lines
10.2%
2021
14.3%
2019
Gross capital formation, % of GDP
26%
2024
27%
2024

GDP per capita map

GDP per capita

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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.