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Economy of Czech Republic vs Tanzania compared: GDP & Debt

Updated on by Georank team

The Czech Republic has a GDP of $347B compared to $78.8B for Tanzania, ranking 44/197 and 82/197 by economy size, respectively.

The Czech Republic has $150B in government debt (43.3% of GDP), compared to $39.3B (49.9% of GDP) in Tanzania.

Czech Republic vs Tanzania GDP by year

Czech Republic
Tanzania
1x
Year GDP, current $
Czech Republic Tanzania
2024 $347,034,062,928 $78,844,405,385
2023 $345,059,295,660 $79,030,935,627
2022 $301,831,228,326 $75,749,121,843
2021 $290,972,714,482 $70,655,628,148
2020 $251,109,660,603 $66,068,737,786
2019 $256,794,209,029 $61,026,731,926
2018 $251,992,360,762 $57,003,712,892
2017 $221,563,575,696 $53,274,884,533
2016 $198,160,659,304 $49,774,409,374
2015 $189,107,698,562 $47,413,919,817
2014 $210,911,285,078 $49,986,726,461
2013 $213,024,360,541 $45,648,857,242
2012 $210,363,223,088 $39,650,394,363
2011 $231,429,378,717 $34,657,140,096
2010 $211,168,667,286 $32,012,892,919
2009 $206,971,882,705 $29,400,573,554
2008 $236,506,264,754 $27,947,821,398
2007 $190,040,702,287 $21,860,434,823
2006 $156,236,258,387 $18,619,859,795
2005 $137,264,185,596 $18,395,383,647
2004 $120,147,899,984 $16,673,062,473
2003 $100,435,924,705 $15,211,487,709
2002 $82,607,869,610 $14,129,651,896
2001 $68,135,304,464 $13,563,990,022
2000 $62,175,642,238 $13,371,767,082
1999 $65,586,562,605 $12,704,334,196
1998 $67,187,217,328 $12,172,790,056
1997 $62,539,765,163 $11,158,197,942
1996 $67,804,105,330 $9,433,528,150
1995 $60,572,381,311 $7,631,431,840
1994 $48,188,478,339 $6,550,480,484
1993 $41,155,654,032 $6,182,872,708
1992 $35,051,065,440 $6,681,997,469
1991 $30,071,014,282 $7,197,768,159
1990 $41,016,881,802 $6,184,384,225
1989 - $6,418,799,007
1988 - $7,406,614,407
1987 - $7,824,193,222
1986 - $10,840,864,521
1985 - $15,328,295,175
1984 - $12,906,635,133
1983 - $14,049,883,809
1982 - $13,927,383,240
1981 - $13,161,540,378
1980 - $11,409,228,087
1979 - $9,804,637,491
1978 - $9,261,675,710
1977 - $7,732,598,995
1976 - $6,472,511,988
1975 - $5,729,917,840
1974 - $4,977,337,978
1973 - $4,144,104,535
1972 - $3,472,787,266
1971 - $3,050,673,517
1970 - $2,851,419,386
1969 - $5,142,066,811
1968 - $4,895,251,824
1967 - $4,565,132,048
1966 - $4,377,998,825
1965 - $3,817,226,546
1964 - $3,748,840,925
1963 - $3,456,579,293
1962 - $3,101,589,993
1961 - $2,826,179,031
1960 - $2,651,729,807

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

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

GDP per capita in Czech Republic vs Tanzania by year

Czech Republic
GDP per capita

GDP per capita, PPP
Tanzania
GDP per capita

GDP per capita, PPP
1x
Year Current $
Czech Republic Tanzania
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $31,823 $57,285 $1,150 $4,221
2023 $31,762 $55,761 $1,186 $4,019
2022 $28,282 $52,947 $1,171 $3,800
2021 $27,696 $47,796 $1,125 $3,493
2020 $23,473 $44,839 $1,084 $3,291
2019 $24,063 $45,614 $1,031 $2,982
2018 $23,706 $41,638 $992 $2,728
2017 $20,913 $39,346 $957 $2,472
2016 $18,754 $36,445 $925 $2,435
2015 $17,932 $34,093 $911 $2,317
2014 $20,038 $32,743 $993 $2,221
2013 $20,260 $31,013 $935 $2,176
2012 $20,014 $29,466 $837 $2,083
2011 $22,049 $29,237 $753 $2,211
2010 $20,160 $28,154 $715 $2,069
2009 $19,817 $27,713 $674 $1,972
2008 $22,775 $27,938 $657 $1,908
2007 $18,453 $26,268 $528 $1,820
2006 $15,259 $23,914 $462 $1,707
2005 $13,442 $22,115 $469 $1,598
2004 $11,783 $20,988 $438 $1,482
2003 $9,852 $19,604 $410 $1,379
2002 $8,101 $18,344 $391 $1,302
2001 $6,669 $17,709 $385 $1,229
2000 $6,063 $16,332 $390 $1,164
1999 $6,378 $15,494 $382 $1,120
1998 $6,527 $15,064 $375 $1,082
1997 $6,069 $14,911 $353 $1,059
1996 $6,573 $14,781 $305 $1,026
1995 $5,865 $13,957 $251.2 $981
1994 $4,663 $12,862 $222.5 $958
1993 $3,984 $12,242 $218.2 $959
1992 $3,397 $11,963 $243.4 $955
1991 $2,917 $11,768 $268.8 $952
1990 $3,969 $12,848 $236.9 $925
1989 - - $252.3 -
1988 - - $299 -
1987 - - $326 -
1986 - - $466 -
1985 - - $681 -
1984 - - $593 -
1983 - - $667 -
1982 - - $683 -
1981 - - $665 -
1980 - - $595 -
1979 - - $527 -
1978 - - $515 -
1977 - - $446 -
1976 - - $387 -
1975 - - $355 -
1974 - - $320 -
1973 - - $276.1 -
1972 - - $239.8 -
1971 - - $218.4 -
1970 - - $211.3 -
1969 - - $394 -
1968 - - $388 -
1967 - - $374 -
1966 - - $370 -
1965 - - $333 -
1964 - - $337 -
1963 - - $320 -
1962 - - $295.7 -
1961 - - $277.4 -
1960 - - $267.8 -

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

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

The Czech Republic's GDP per capita is $31,823, ranking 39/197, compared to $1,150 in Tanzania, ranking 170/197. Adjusted for purchasing power (GDP per capita PPP), the Czech Republic ranks 35th at $57,285, while Tanzania ranks 165th at $4,221.

Economic indicators

Czech Republic Tanzania
Gross domestic product
$347B
2024
$78.8B
2024
GDP rank
44/197
2024
82/197
2024
GDP growth
1.23%
2023-2024
5.53%
2023-2024
GDP per capita
$31,823
2024
$1,150
2024
GDP per capita rank
39/197
2024
170/197
2024
GDP per capita, PPP
$57,285
2024
$4,221
2024
GDP per capita PPP rank
35/197
2024
165/197
2024
Government debt
$150B
2024
$39.3B
2024
Debt-to-GDP ratio
43.3%
2024
49.9%
2024
Government debt per person
$13,792
2024
$573
2024
Government debt per person rank
43/185
2024
160/185
2024
Average annual personal income after taxes
$22,139
2026
$2,309
2026
Market capitalization of domestic companies
$34.6B
2024
$7.32B
2024
Number of billionaires
11
2025
1
2025
Income share by richest 10%
21.5%
2023
33.1%
2018
Income share by poorest 10%
3.8%
2023
2.9%
2018
Government expenditure, % of GDP
42.8%
2024
19.1%
2024
Consumer prices inflation
2.44%
2023-2024
3.06%
2023-2024
Central bank interest rate
3.5%
2025
6%
2024
Unemployment rate
2.6%
2024
2.43%
2024
Population
10649126
73145892

Spending and national debt comparison by year

Czech Republic
Spending

Debt
Tanzania
Spending

Debt
1x
Year % of GDP
Czech Republic Tanzania
Government spending Government debt Government spending Government debt
2024 42.8% 43.3% 19.1% 49.9%
2023 43.7% 42.2% 19% 47.8%
2022 43% 42.5% 19.1% 44.9%
2021 45% 40.7% 18.4% 43.4%
2020 46.3% 36.9% 17.4% 41.3%
2019 40.4% 29.6% 17.3% 40.4%
2018 40.1% 31.7% 17.3% 42%
2017 38.5% 33.8% 16.4% 40.1%
2016 39.4% 36.2% 16.9% 39.8%
2015 41.7% 39.5% 17.2% 39.5%
2014 42.3% 41.5% 17.3% 36.4%
2013 42.4% 44.1% 18.8% 32.7%
2012 44.4% 43.8% 19.6% 30%
2011 42.8% 39.4% 19% 28.4%
2010 43.2% 36.7% 19.8% 27.6%
2009 44.5% 33.4% 19.6% 23.9%
2008 40.9% 28.2% 18.1% 21.6%
2007 40.5% 27.3% 17.8% 23.8%
2006 41.5% 27.6% 17.6% 17.4%
2005 42.3% 27.7% 18.3% 25.4%
2004 42.2% 28.3% 17% 44.5%
2003 49% 28.1% 15.4% 44.4%
2002 44.4% 25.7% 13.6% 47.4%
2001 43.1% 22.6% 12.4% 50.8%
2000 40.6% 16.9% 12.3% 55.4%
1999 40.9% 15.1% 12.8% 62.9%
1998 41.6% 13.9% 11.4% 62.2%
1997 41.3% 12.1% 12.8% 73.4%
1996 41.4% 11.5% 13.4% 89.6%
1995 52.8% 13.5% 15.6% 111.1%
1994 - - 16.8% 126%
1993 - - 16.4% 129.2%
1992 - - 17.6% 117.6%
1991 - - 14.2% 106.5%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1991–2000, retrieved 2026-02-20).

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

In 2024, the Czech Republic's government spending was $148B, accounting for 42.8% of its GDP, while Tanzania spent $15.1B, or 19.1% of GDP.

Debt-to-GDP ratio is 43.3% in the Czech Republic and 49.9% in Tanzania, ranking 124/185 and 109/185, respectively.

Government deficit by year

Deficit/surplus
Czech Republic

Tanzania
1x
Year Deficit/surplus, % of GDP
Czech Republic Tanzania
2024 -1.99% -3.03%
2023 -3.73% -3.67%
2022 -3.07% -3.92%
2021 -4.95% -3.55%
2020 -5.65% -2.56%
2019 0.28% -2.06%
2018 0.88% -2.01%
2017 1.46% -1.14%
2016 0.68% -2.08%
2015 -0.67% -3.17%
2014 -2.09% -2.91%
2013 -1.3% -3.76%
2012 -3.92% -4%
2011 -2.71% -3.51%
2010 -4.14% -4.74%
2009 -5.46% -4.46%
2008 -2% -1.92%
2007 -0.68% -1.44%
2006 -2.19% -3.38%
2005 -3.06% -3.28%
2004 -2.4% -2.43%
2003 -6.87% -1.77%
2002 -6.34% -0.73%
2001 -5.76% -0.41%
2000 -3.55% -0.73%
1999 -3.08% -1.14%
1998 -4.14% 0.13%
1997 -3.14% -0.03%
1996 -2.98% 1.57%
1995 -12.3% -2.12%
1994 - -3.74%
1993 - -2.02%
1992 - -4.96%
1991 - 0.6%

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

GeoRank.org/economy/czech-republic/tanzania | 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 Tanzania's deficit of $2.39B, or 3.03% of GDP.

Over the past 30 years, the Czech Republic recorded a fiscal deficit in 26 of those years, while Tanzania ran a deficit in 28 years. On average, the Czech Republic posted an annual deficit equal to 3.16% of GDP, compared to deficit of 2.27% of GDP for Tanzania.

Inflation comparison by year

Inflation
Czech Republic

Tanzania
1x
Year Consumer prices inflation
Czech Republic Tanzania
2024 2.44% 3.06%
2023 10.7% 3.8%
2022 15.1% 4.35%
2021 3.84% 3.69%
2020 3.16% 3.29%
2019 2.85% 3.46%
2018 2.15% 3.49%
2017 2.45% 5.32%
2016 0.68% 5.17%
2015 0.31% 5.59%
2014 0.34% 6.13%
2013 1.44% 7.87%
2012 3.29% 16%
2011 1.92% 12.7%
2010 1.47% 6.2%
2009 1.02% 12.1%
2008 6.36% 10.3%
2007 2.85% 7.03%
2006 2.53% 7.25%
2005 1.86% 5.03%
2004 2.76% 4.74%
2003 0.12% 5.3%
2002 1.9% 5.32%
2001 4.66% 5.15%
2000 3.78% 5.92%
1999 2.14% 7.89%
1998 10.7% 12.8%
1997 8.6% 16.1%

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

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

Over the past 28 years, the Czech Republic has recorded an average annual inflation rate of 3.62%, compared with 6.97% in Tanzania. In 2024, inflation was 2.44% in the Czech Republic and 3.06% in Tanzania.

Top exports between countries

Czech Republic
Export category Export value
Machinery & equipment $4.45M
Textiles & consumer goods $2.88M
Raw materials & minerals $1.49M
Chemicals & pharma $1.19M
Weapons & explosives $485K
Metals $423K
Miscellaneous $46K
Processed food, beverages & tobacco $28K
Wood & paper products $10K
Animal & marine products $7K
Tanzania
Export category Export value
Raw agricultural goods $221K
Animal & marine products $192K
Processed food, beverages & tobacco $90K
Wood & paper products $50K
Textiles & consumer goods $38K
Machinery & equipment $22K
Precious metals & jewellery $9K

Balance of trade

Czech Republic Tanzania
Current account balance
$6.05B
2024
-$2.38B
2024
Current account balance ranking
31/190
2024
147/190
2024
Current account balance, % of GDP
+1.74%
2024
-3.02%
2024
Goods imports
$179B
2024
$14.2B
2024
Goods exports
$197B
2024
$9.12B
2024
Service imports
$38B
2024
$2.8B
2024
Service exports
$42.5B
2024
$6.85B
2024
Imports of goods and services, % of GDP
62.6%
2024
21.7%
2024
Exports of goods and services, % of GDP
68.9%
2024
19.8%
2024

Economic freedom indices

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

Czech Republic Tanzania
Economic freedom 73.2 59
Economic freedom ranking 25/197 106/197
Property rights 89.8 45.2
Government integrity 64.7 40.9
Judicial effectiveness 92.1 29.6
Tax burden 78.8 80.4
Government spending 44.2 89.1
Fiscal health 82.5 75
Business freedom 76.8 48.1
Labor freedom 55.1 62.3
Monetary freedom 75 73.4
Trade freedom 79.4 58.8
Investment freedom 70 55
Financial freedom 70 50

Economic freedom comparison by year

Czech Republic
Tanzania
1x
Year Economic freedom index
Czech Republic Tanzania
2026 73.2 59
2025 72.9 59.3
2024 70.2 59.1
2023 71.9 60
2022 74.4 59.5
2021 73.8 61.3
2020 74.8 61.7
2019 73.7 60.2
2018 74.2 59.9
2017 73.3 58.6
2016 73.2 58.5
2015 72.5 57.5
2014 72.2 57.8
2013 70.9 57.9
2012 69.9 57
2011 70.4 57
2010 69.8 58.3
2009 69.4 58.3
2008 68.1 56.5
2007 67.4 56.8
2006 66.4 58.5
2005 64.6 56.3
2004 67 60.1
2003 67.5 56.9
2002 66.5 58.3
2001 70.2 54.9
2000 68.6 56
1999 69.7 60
1998 68.4 59.6
1997 68.8 59.3
1996 68.1 57.5
1995 67.8 57.3

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

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

The Economic Freedom Index for the Czech Republic is 73.2, ranking 25/197, compared to 59 for Tanzania, ranking 106/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Czech Republic Tanzania
Services, % of GDP
60.2%
2024
29.6%
2024
Industry, % of GDP
29.2%
2024
28.6%
2024
Agriculture, forestry, and fishing, % of GDP
1.9%
2024
23.3%
2024
GNI, Atlas method
$322B
2024
$80.2B
2024
GNI per capita, PPP
$54,800
2024
$4,130
2024
Total reserves including gold
$146B
2024
$5.05B
2018
Total reserves ranking
22/177
2024
101/177
2018
Net foreign direct investment
-$1.87B
2024
-$1.72B
2024
Net inflows of foreign direct investment
$13.1B
2024
$1.72B
2024
Net outflows of foreign direct investment
$11.2B
2024
$0
2024
Servicing debt to the IMF, % of GNI n/a
2.57%
2024
Poverty at national poverty lines
10.2%
2021
26.4%
2018
Gross capital formation, % of GDP
26.3%
2024
39.8%
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/tanzania | 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 (1991–2024, 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. International Monetary Fund (IMF) | Public Finances in Modern History (1991–2000, retrieved 2026-02-20)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. 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.

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.