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Economy of Czech Republic vs Uganda compared: GDP & Debt

Updated on by Georank team

The Czech Republic has a GDP of $345B compared to $53.7B for Uganda, ranking 45/197 and 89/197 by economy size, respectively.

The Czech Republic has $148B in government debt (44.2% of GDP), compared to $27.8B (54% of GDP) in Uganda.

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 $
Uganda
GDP, current $

GDP, constant 2015 $
Year GDP
Czech Republic Uganda
Current $ Constant $ Current $ Constant $
1960 - - $423,145,605 -
1961 - - $441,667,335 -
1962 - - $449,158,233 -
1963 - - $516,315,231 -
1964 - - $589,247,687 -
1965 - - $884,502,310 -
1966 - - $925,381,492 -
1967 - - $967,240,655 -
1968 - - $1,037,379,252 -
1969 - - $1,168,556,629 -
1970 - - $1,259,554,809 -
1971 - - $1,417,191,656 -
1972 - - $1,490,970,181 -
1973 - - $1,701,829,789 -
1974 - - $2,098,944,967 -
1975 - - $2,359,555,556 -
1976 - - $2,447,300,000 -
1977 - - $2,936,470,588 -
1978 - - $2,420,260,870 -
1979 - - $2,139,025,000 -
1980 - - $1,244,610,000 -
1981 - - $1,337,300,000 -
1982 - - $2,177,500,000 $4,983,495,459
1983 - - $2,240,333,333 $5,269,775,231
1984 - - $3,615,647,477 $5,251,611,545
1985 - - $3,519,695,444 $5,077,973,311
1986 - - $3,923,244,050 $5,097,781,822
1987 - - $6,269,522,042 $5,299,750,982
1988 - - $6,508,931,652 $5,737,885,293
1989 - - $5,276,480,799 $6,102,926,184
1990 $41,016,881,802 $122,972,963,913 $4,304,399,310 $6,498,038,179
1991 $30,071,014,282 $108,689,725,031 $3,321,729,160 $6,858,945,425
1992 $35,051,065,440 $108,139,165,551 $2,857,457,762 $7,093,408,658
1993 $41,155,654,032 $108,206,108,282 $3,220,439,044 $7,684,026,613
1994 $48,188,478,339 $111,354,158,853 $3,990,430,447 $8,176,083,687
1995 $60,572,381,311 $118,281,953,160 $5,755,818,842 $9,118,233,745
1996 $67,804,105,330 $123,212,636,053 $6,044,585,327 $9,945,450,358
1997 $62,539,765,163 $122,478,487,836 $6,269,333,313 $10,452,668,512
1998 $67,187,217,328 $121,996,963,424 $6,584,815,847 $10,965,399,652
1999 $65,586,562,605 $123,678,521,512 $5,998,563,258 $11,848,547,280
2000 $62,175,642,238 $128,638,858,401 $6,193,246,837 $12,220,817,656
2001 $68,135,304,464 $132,391,536,300 $5,840,503,869 $12,854,303,430
2002 $82,607,869,610 $134,395,228,572 $6,178,563,591 $13,976,829,356
2003 $100,435,924,705 $138,831,395,778 $6,606,884,275 $14,881,585,674
2004 $120,147,899,984 $145,406,922,288 $7,939,487,548 $15,894,609,936
2005 $137,264,185,596 $154,676,655,550 $9,239,221,763 $16,901,146,461
2006 $156,236,258,387 $164,921,158,025 $9,977,647,683 $18,723,891,905
2007 $190,040,702,287 $173,973,393,346 $11,902,564,495 $20,299,025,449
2008 $236,506,264,754 $178,518,044,754 $14,440,404,132 $22,066,817,214
2009 $206,971,882,705 $169,952,170,271 $25,127,805,567 $23,567,695,615
2010 $211,168,667,286 $174,565,802,522 $26,673,441,431 $24,896,350,765
2011 $231,429,378,717 $177,659,773,383 $27,871,725,241 $27,234,530,260
2012 $210,363,223,088 $176,290,606,022 $27,305,915,911 $28,279,643,268
2013 $213,024,360,541 $176,216,894,660 $28,915,786,517 $29,294,007,440
2014 $210,911,285,078 $180,173,337,875 $32,612,397,257 $30,789,849,488
2015 $189,107,698,562 $189,107,698,562 $32,387,183,730 $32,387,183,730
2016 $198,160,659,304 $193,988,322,685 $29,203,988,696 $33,935,615,079
2017 $221,563,575,696 $204,024,435,233 $30,744,473,841 $34,998,276,802
2018 $251,992,360,762 $209,798,950,825 $32,927,025,620 $37,204,541,497
2019 $256,794,209,029 $217,279,912,682 $35,353,061,008 $39,600,047,064
2020 $251,109,660,603 $205,753,475,018 $37,600,368,240 $40,768,765,796
2021 $290,972,714,482 $214,043,320,221 $40,529,788,744 $42,210,585,953
2022 $301,831,228,326 $220,137,498,831 $45,565,333,216 $44,147,216,890
2023 $343,206,568,135 $220,015,846,842 $48,768,955,859 $46,503,341,915
2024 $345,036,675,975 $222,480,870,567 $53,651,874,314 $49,356,997,179

Economic indicators

Czech Republic Uganda
Gross domestic product
$345B
2024
$53.7B
2024
GDP rank
45/197
2024
89/197
2024
GDP growth
0.53%
2023-2024
10%
2023-2024
GDP per capita
$31,707
2024
$1,073
2024
GDP per capita rank
39/197
2024
173/197
2024
GDP per capita, PPP
$56,806
2024
$3,276
2024
Government debt
$148B
2024
$27.8B
2024
Debt-to-GDP ratio
44.2%
2025
54%
2025
Government debt per person
$13,630
2024
$556
2024
Government debt per person rank
43/185
2024
162/185
2024
Average annual personal income after taxes
$21,451
2025
$1,648
2025
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
34.5%
2019
Income share by poorest 10%
3.8%
2023
2.4%
2019
Government expenditure, % of GDP
43.3%
2025
21.4%
2025
Consumer prices inflation
2.44%
2023-2024
3.8%
2024-2025
Central bank interest rate
3.5%
2025
9.75%
2024
Unemployment rate
2.6%
2024
3.42%
2021
Population
10753822
52490669

GDP per capita in Czech Republic vs Uganda

The Czech Republic's GDP per capita is $31,707, ranking 39/197, compared to $1,073 in Uganda, ranking 173/197. Adjusted for purchasing power (GDP per capita PPP), the Czech Republic ranks 34th at $56,806, while Uganda ranks 175th at $3,276.

Czech Republic
GDP per capita

GDP per capita, PPP
Uganda
GDP per capita

GDP per capita, PPP
Year Current $
Czech Republic Uganda
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 - - $55.4 -
1961 - - $56.2 -
1962 - - $55.5 -
1963 - - $62 -
1964 - - $68.6 -
1965 - - $100 -
1966 - - $101.4 -
1967 - - $102.8 -
1968 - - $106.9 -
1969 - - $116.7 -
1970 - - $122 -
1971 - - $133.5 -
1972 - - $137 -
1973 - - $152.7 -
1974 - - $183.7 -
1975 - - $201.2 -
1976 - - $203.3 -
1977 - - $237.6 -
1978 - - $190.7 -
1979 - - $164.5 -
1980 - - $93.8 -
1981 - - $98.6 -
1982 - - $157 -
1983 - - $157.5 -
1984 - - $247.5 -
1985 - - $234.3 -
1986 - - $253.6 -
1987 - - $393 -
1988 - - $395 -
1989 - - $310 -
1990 $3,969 $12,806 $245 $666
1991 $2,917 $11,730 $183 $703
1992 $3,397 $11,924 $152.1 $719
1993 $3,984 $12,201 $165.6 $770
1994 $4,663 $12,820 $198.4 $809
1995 $5,865 $13,948 $278.5 $897
1996 $6,573 $14,775 $284.7 $969
1997 $6,069 $14,908 $286.8 $1,007
1998 $6,527 $15,063 $292.5 $1,037
1999 $6,378 $15,494 $257.9 $1,100
2000 $6,063 $16,329 $258.1 $1,124
2001 $6,669 $17,711 $236 $1,173
2002 $8,101 $18,344 $242 $1,255
2003 $9,852 $19,607 $250.7 $1,320
2004 $11,783 $20,991 $292.4 $1,405
2005 $13,442 $22,115 $330 $1,497
2006 $15,259 $23,919 $347 $1,660
2007 $18,453 $26,269 $401 $1,795
2008 $22,775 $27,938 $473 $1,931
2009 $19,817 $27,699 $799 $2,015
2010 $20,160 $28,157 $823 $2,092
2011 $22,049 $29,237 $836 $2,268
2012 $20,014 $29,466 $795 $2,032
2013 $20,260 $31,013 $818 $2,045
2014 $20,038 $32,743 $896 $2,134
2015 $17,932 $34,102 $863 $2,190
2016 $18,754 $36,445 $753 $2,165
2017 $20,913 $39,346 $765 $2,158
2018 $23,706 $41,638 $792 $2,312
2019 $24,063 $45,614 $822 $2,441
2020 $23,473 $44,839 $846 $2,532
2021 $27,696 $47,796 $883 $2,685
2022 $28,282 $51,710 $963 $2,919
2023 $31,591 $53,217 $1,002 $3,098
2024 $31,707 $56,806 $1,073 $3,276

Spending and national debt comparison

In 2024, the Czech Republic's government spending was $148B, accounting for 43.3% of its GDP, while Uganda's spent $11B, or 21.4% of GDP.

Debt-to-GDP ratio is 44.2% in the Czech Republic and 54% in Uganda, ranking 119/185 and 100/185, respectively.

Czech Republic
Government spending

Government debt
Uganda
Government spending

Government debt
Year % of GDP
Czech Republic Uganda
Government spending Government debt Government spending Government debt
1995 52.8% 13.5% - -
1996 41.4% 11.5% - -
1997 41.3% 12.1% 13.9% 44.2%
1998 41.6% 13.9% 14% 45.1%
1999 40.9% 15.1% 14.7% 47.7%
2000 40.6% 16.9% 15.2% 48.5%
2001 43.1% 22.6% 16.2% 51.4%
2002 44.4% 25.7% 16.8% 54.7%
2003 49% 28.1% 16.5% 55.1%
2004 42.2% 28.3% 15.6% 49%
2005 42.3% 27.7% 14.5% 42.6%
2006 41.5% 27.6% 13.7% 27.8%
2007 40.5% 27.3% 13.2% 17%
2008 40.9% 28.2% 12.9% 15.7%
2009 44.5% 33.4% 11.8% 14.8%
2010 43.2% 36.7% 15.4% 18.4%
2011 42.8% 39.4% 13.2% 18%
2012 44.4% 43.8% 13.1% 19.5%
2013 42.4% 44.1% 13.3% 22.1%
2014 42.3% 41.5% 13.6% 24.8%
2015 41.7% 39.5% 14.9% 28%
2016 39.4% 36.2% 15.2% 31.3%
2017 38.5% 33.8% 16.3% 33.6%
2018 40.1% 31.7% 16.2% 34.9%
2019 40.4% 29.6% 18.3% 37.5%
2020 46.3% 36.9% 21.4% 46.3%
2021 45% 40.7% 21.4% 50.3%
2022 43% 42.5% 20.2% 50.2%
2023 43.9% 42.4% 19% 50.2%
2024 43% 43% 20.5% 51.8%
2025 43.3% 44.2% 21.4% 54%

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 Uganda's deficit of -$3.14B, or -5.85% of GDP.

Over the past 28 years, the Czech Republic recorded a fiscal deficit in 24 of those years, while Uganda ran a deficit in 27 years. On average, the Czech Republic posted an annual deficit equal to -2.85% of GDP, compared to deficit of -2.72% of GDP for Uganda.

Deficit/surplus
Czech Republic

Uganda
Year Deficit/surplus, % of GDP
Czech Republic Uganda
1995 -12.3% -
1996 -2.98% -
1997 -3.14% -0.83%
1998 -4.14% -0.7%
1999 -3.08% -1.24%
2000 -3.55% -0.62%
2001 -5.76% -0.99%
2002 -6.34% -2.07%
2003 -6.87% -0.97%
2004 -2.4% 0.34%
2005 -3.06% -0.17%
2006 -2.19% -0.64%
2007 -0.68% -0.82%
2008 -2% -1.99%
2009 -5.46% -1.61%
2010 -4.14% -4.64%
2011 -2.71% -2.04%
2012 -3.92% -2.39%
2013 -1.3% -3.19%
2014 -2.09% -2.74%
2015 -0.67% -2.59%
2016 0.68% -2.64%
2017 1.46% -3.83%
2018 0.88% -3.02%
2019 0.28% -4.82%
2020 -5.65% -7.76%
2021 -4.95% -7.44%
2022 -3.07% -5.96%
2023 -3.78% -4.86%
2024 -2.21% -5.85%
2025 -2.56% -6.7%

Inflation comparison by year

Over the past 29 years, the Czech Republic has recorded an average annual inflation rate of 3.8%, compared with 6.12% in Uganda. In 2024, inflation was 2.44% in the Czech Republic and 3.8% in Uganda.

Inflation
Czech Republic

Uganda
Year Inflation
Czech Republic Uganda Czech Republic Uganda
1996 8.76% 7.5%
1997 8.6% 7.7%
1998 10.7% 5.8%
1999 2.14% 5.8%
2000 3.78% 3.4%
2001 4.66% 1.9%
2002 1.9% -0.3%
2003 0.12% 8.7%
2004 2.76% 3.7%
2005 1.86% 8.6%
2006 2.53% 7.2%
2007 2.85% 6.1%
2008 6.36% 12%
2009 1.02% 13%
2010 1.47% 4%
2011 1.92% 18.7%
2012 3.29% 14%
2013 1.44% 5.5%
2014 0.34% 4.3%
2015 0.31% 3.7%
2016 0.68% 5.2%
2017 2.45% 5.6%
2018 2.15% 2.5%
2019 2.85% 2.1%
2020 3.16% 2.8%
2021 3.84% 2.2%
2022 15.1% 7.2%
2023 10.7% 5.4%
2024 2.44% 3.3%
2025 - 3.8%

Top exports between countries

Czech Republic
Export category Export value
Machinery & equipment $11.6M
Textiles & consumer goods $494K
Chemicals & pharma $303K
Raw materials & minerals $170K
Raw agricultural goods $140K
Miscellaneous $91K
Metals $79K
Weapons & explosives $62K
Wood & paper products $10K
Animal & marine products $8K
Uganda
Export category Export value
Textiles & consumer goods $448K
Raw agricultural goods $392K
Processed food, beverages & tobacco $188K
Machinery & equipment $134K
Raw materials & minerals $6K
Animal & marine products $4K

Balance of trade

Czech Republic Uganda
Current account balance
$6.05B
2024
-$4.2B
2024
Current account balance ranking
31/189
2024
161/189
2024
Current account balance, % of GDP
+1.75%
2024
-7.83%
2024
Goods imports
$179B
2024
$11.7B
2024
Goods exports
$197B
2024
$8.67B
2024
Service imports
$38B
2024
$4.31B
2024
Service exports
$42.5B
2024
$2.39B
2024
Imports of goods and services, % of GDP
62.7%
2024
24.6%
2024
Exports of goods and services, % of GDP
69.2%
2024
16.9%
2024

Economic freedom indices

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

Czech Republic Uganda
Economic freedom 72.9 51.3
Economic freedom ranking 25/197 154/197
Property rights 89.9 47.4
Government integrity 62.8 24.1
Judicial effectiveness 92 29.2
Tax burden 78.9 73.6
Government spending 42.2 87.7
Fiscal health 71.5 35.5
Business freedom 81.4 50.3
Labor freedom 57.9 54.8
Monetary freedom 68.9 75.1
Trade freedom 79.6 57.4
Investment freedom 70 40
Financial freedom 80 40

Economic freedom by year comparison

The Economic Freedom Index for the Czech Republic is 72.9, ranking 25/197, compared to 51.3 for Uganda, ranking 154/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Czech Republic
Uganda
Year Economic freedom index
Czech Republic Uganda
1995 67.8 62.9
1996 68.1 66.2
1997 68.8 66.6
1998 68.4 64.7
1999 69.7 64.8
2000 68.6 58.2
2001 70.2 60.4
2002 66.5 61
2003 67.5 60.1
2004 67 64.1
2005 64.6 62.9
2006 66.4 63.9
2007 67.4 63.1
2008 68.1 63.8
2009 69.4 63.5
2010 69.8 62.2
2011 70.4 61.7
2012 69.9 61.9
2013 70.9 61.1
2014 72.2 59.9
2015 72.5 59.7
2016 73.2 59.3
2017 73.3 60.9
2018 74.2 62
2019 73.7 59.7
2020 74.8 59.5
2021 73.8 58.6
2022 74.4 54.2
2023 71.9 51.4
2024 70.2 50.7
2025 72.9 51.3

More economic indicators

Czech Republic Uganda
Services, % of GDP
59.5%
2024
43.1%
2024
Industry, % of GDP
30.2%
2024
24.9%
2024
Agriculture, forestry, and fishing, % of GDP
1.5%
2024
24.7%
2024
GNI, Atlas method
$317B
2024
$50.9B
2024
GNI per capita, PPP
$54,340
2024
$3,200
2024
Total reserves including gold
$146B
2024
$3.36B
2018
Total reserves ranking
22/177
2024
114/177
2018
Net foreign direct investment
-$1.87B
2024
-$3.3B
2024
Net inflows of foreign direct investment
$13.1B
2024
$3.3B
2024
Net outflows of foreign direct investment
$11.2B
2024
$400K
2024
Servicing debt to the IMF, % of GNI
n/a
4.99%
2023
Poverty at national poverty lines
10.2%
2021
20.3%
2019
Gross capital formation, % of GDP
26%
2024
22.3%
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.