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Economy of Czech Republic vs United States compared: GDP & Debt

Updated on by Georank team

The Czech Republic has a GDP of $347B compared to $28.8T for the United States, ranking 44/197 and 1/197 by economy size, respectively.

The Czech Republic has $150B in government debt (43.3% of GDP), compared to $35.2T (122.3% of GDP) in the United States.

Czech Republic vs United States GDP by year

Czech Republic
United States
1x
Year GDP, current $
Czech Republic United States
2024 $347,034,062,928 $28,750,956,130,731
2023 $345,059,295,660 $27,292,170,793,214
2022 $301,831,228,326 $25,604,848,907,611
2021 $290,972,714,482 $23,315,080,560,000
2020 $251,109,660,603 $21,060,473,613,000
2019 $256,794,209,029 $21,380,976,119,000
2018 $251,992,360,762 $20,533,057,312,000
2017 $221,563,575,696 $19,477,336,549,000
2016 $198,160,659,304 $18,695,110,842,000
2015 $189,107,698,562 $18,206,020,741,000
2014 $210,911,285,078 $17,550,680,174,000
2013 $213,024,360,541 $16,843,190,993,000
2012 $210,363,223,088 $16,253,972,230,000
2011 $231,429,378,717 $15,599,728,123,000
2010 $211,168,667,286 $15,048,964,444,000
2009 $206,971,882,705 $14,478,064,934,000
2008 $236,506,264,754 $14,769,857,911,000
2007 $190,040,702,287 $14,474,226,905,000
2006 $156,236,258,387 $13,815,586,948,000
2005 $137,264,185,596 $13,039,199,193,000
2004 $120,147,899,984 $12,217,193,198,000
2003 $100,435,924,705 $11,456,442,041,000
2002 $82,607,869,610 $10,929,112,955,000
2001 $68,135,304,464 $10,581,929,774,000
2000 $62,175,642,238 $10,250,947,997,000
1999 $65,586,562,605 $9,631,174,489,000
1998 $67,187,217,328 $9,062,818,202,000
1997 $62,539,765,163 $8,577,554,457,000
1996 $67,804,105,330 $8,073,122,000,000
1995 $60,572,381,311 $7,639,749,000,000
1994 $48,188,478,339 $7,287,236,000,000
1993 $41,155,654,032 $6,858,559,000,000
1992 $35,051,065,440 $6,520,327,000,000
1991 $30,071,014,282 $6,158,129,000,000
1990 $41,016,881,802 $5,963,144,000,000
1989 - $5,641,580,000,000
1988 - $5,236,438,000,000
1987 - $4,855,215,000,000
1986 - $4,579,631,000,000
1985 - $4,338,979,000,000
1984 - $4,037,613,000,000
1983 - $3,634,038,000,000
1982 - $3,343,789,000,000
1981 - $3,207,041,000,000
1980 - $2,857,307,000,000
1979 - $2,627,333,000,000
1978 - $2,351,599,000,000
1977 - $2,081,826,000,000
1976 - $1,873,412,000,000
1975 - $1,684,904,000,000
1974 - $1,545,243,000,000
1973 - $1,425,376,000,000
1972 - $1,279,110,000,000
1971 - $1,164,850,000,000
1970 - $1,073,303,000,000
1969 - $1,017,438,172,414
1968 - $940,225,000,000
1967 - $859,620,034,483
1966 - $813,032,758,621
1965 - $741,904,862,069
1964 - $684,144,620,690
1963 - $637,058,551,724
1962 - $603,639,413,793
1961 - $561,940,310,345
1960 - $541,988,586,207

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

GeoRank.org/economy/czech-republic/united-states | CC BY

GDP per capita in Czech Republic vs United States by year

Czech Republic
GDP per capita

GDP per capita, PPP
United States
GDP per capita

GDP per capita, PPP
1x
Year Current $
Czech Republic United States
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $31,823 $57,285 $84,534 $85,810
2023 $31,762 $55,761 $81,490 $82,305
2022 $28,282 $52,947 $76,829 $77,861
2021 $27,696 $47,796 $70,249 $71,307
2020 $23,473 $44,839 $63,526 $64,402
2019 $24,063 $45,614 $65,120 $65,228
2018 $23,706 $41,638 $62,823 $62,876
2017 $20,913 $39,346 $59,908 $60,048
2016 $18,754 $36,445 $57,867 $57,977
2015 $17,932 $34,093 $56,763 $56,849
2014 $20,038 $32,743 $55,124 $55,153
2013 $20,260 $31,013 $53,291 $53,297
2012 $20,014 $29,466 $51,784 $51,708
2011 $22,049 $29,237 $50,066 $50,025
2010 $20,160 $28,154 $48,651 $48,643
2009 $19,817 $27,713 $47,195 $47,195
2008 $22,775 $27,938 $48,570 $48,570
2007 $18,453 $26,268 $48,050 $48,050
2006 $15,259 $23,914 $46,302 $46,302
2005 $13,442 $22,115 $44,123 $44,123
2004 $11,783 $20,988 $41,725 $41,725
2003 $9,852 $19,604 $39,490 $39,490
2002 $8,101 $18,344 $37,998 $37,998
2001 $6,669 $17,709 $37,134 $37,134
2000 $6,063 $16,332 $36,330 $36,330
1999 $6,378 $15,494 $34,484 $34,515
1998 $6,527 $15,064 $32,823 $32,854
1997 $6,069 $14,911 $31,430 $31,459
1996 $6,573 $14,781 $29,937 $29,968
1995 $5,865 $13,957 $28,661 $28,691
1994 $4,663 $12,862 $27,662 $27,695
1993 $3,984 $12,242 $26,353 $26,387
1992 $3,397 $11,963 $25,381 $25,419
1991 $2,917 $11,768 $24,293 $24,342
1990 $3,969 $12,848 $23,840 $23,889
1989 - - $22,857 -
1988 - - $21,417 -
1987 - - $20,039 -
1986 - - $19,071 -
1985 - - $18,237 -
1984 - - $17,121 -
1983 - - $15,544 -
1982 - - $14,434 -
1981 - - $13,976 -
1980 - - $12,613 -
1979 - - $11,674 -
1978 - - $10,565 -
1977 - - $9,453 -
1976 - - $8,592 -
1975 - - $7,801 -
1974 - - $7,226 -
1973 - - $6,726 -
1972 - - $6,094 -
1971 - - $5,609 -
1970 - - $5,234 -
1969 - - $5,020 -
1968 - - $4,685 -
1967 - - $4,326 -
1966 - - $4,136 -
1965 - - $3,818 -
1964 - - $3,565 -
1963 - - $3,366 -
1962 - - $3,236 -
1961 - - $3,059 -
1960 - - $3,000 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06); U.S. Census Bureau (1960–2024, retrieved 2026-02-08).

GeoRank.org/economy/czech-republic/united-states | CC BY

The Czech Republic's GDP per capita is $31,823, ranking 39/197, compared to $84,534 in the United States, ranking 10/197. Adjusted for purchasing power (GDP per capita PPP), the Czech Republic ranks 35th at $57,285, while the United States ranks 12th at $85,810.

Economic indicators

Czech Republic United States
Gross domestic product
$347B
2024
$28.8T
2024
GDP rank
44/197
2024
1/197
2024
GDP growth
1.23%
2023-2024
2.79%
2023-2024
GDP per capita
$31,823
2024
$84,534
2024
GDP per capita rank
39/197
2024
10/197
2024
GDP per capita, PPP
$57,285
2024
$85,810
2024
GDP per capita PPP rank
35/197
2024
12/197
2024
Government debt
$150B
2024
$35.2T
2024
Debt-to-GDP ratio
43.3%
2024
122.3%
2024
Government debt per person
$13,792
2024
$103,404
2024
Government debt per person rank
43/185
2024
2/185
2024
Average annual personal income after taxes
$22,139
2026
$53,202
2026
Market capitalization of domestic companies
$34.6B
2024
$62.2T
2024
Number of millionaires n/a
23,831,000
2025
Number of billionaires
11
2025
902
2025
Income share by richest 10%
21.5%
2023
30.4%
2023
Income share by poorest 10%
3.8%
2023
1.8%
2023
Government expenditure, % of GDP
42.8%
2024
37.9%
2024
Consumer prices inflation
2.44%
2023-2024
2.95%
2023-2024
Central bank interest rate
3.5%
2025
3.75%
2025
Unemployment rate
2.6%
2024
4.02%
2024
Population
10649126
344023146

Spending and national debt comparison by year

Czech Republic
Spending

Debt
United States
Spending

Debt
1x
Year % of GDP
Czech Republic United States
Government spending Government debt Government spending Government debt
2024 42.8% 43.3% 37.9% 122.3%
2023 43.7% 42.2% 37.7% 119.8%
2022 43% 42.5% 36.8% 119.1%
2021 45% 40.7% 43.2% 125%
2020 46.3% 36.9% 44.7% 132.5%
2019 40.4% 29.6% 35.8% 108.8%
2018 40.1% 31.7% 35.3% 107.6%
2017 38.5% 33.8% 35.2% 106.4%
2016 39.4% 36.2% 35.3% 107.4%
2015 41.7% 39.5% 35% 105.4%
2014 42.3% 41.5% 35.3% 104.9%
2013 42.4% 44.1% 35.8% 105%
2012 44.4% 43.8% 37.2% 103.7%
2011 42.8% 39.4% 38.8% 100%
2010 43.2% 36.7% 39.8% 95.6%
2009 44.5% 33.4% 41.4% 87.1%
2008 40.9% 28.2% 37.1% 73.8%
2007 40.5% 27.3% 34.6% 64.9%
2006 41.5% 27.6% 33.7% 64.5%
2005 42.3% 27.7% 33.9% 65.8%
2004 42.2% 28.3% 33.7% 66.4%
2003 49% 28.1% 34% 59%
2002 44.4% 25.7% 33.7% 55.9%
2001 43.1% 22.6% 32.8% 53.5%
2000 40.6% 16.9% 31.7% 54.5%
1999 40.9% 15.1% 32.2% 60.5%
1998 41.6% 13.9% 32.8% 64.2%
1997 41.3% 12.1% 33.7% 67.4%
1996 41.4% 11.5% 34.7% 69.9%
1995 52.8% 13.5% 35.5% 70.7%
1994 - - 35.5% 71.1%
1993 - - 36.4% 71.9%
1992 - - 36.7% 70.3%
1991 - - 35.7% 67.9%
1990 - - 34.5% 63.1%
1989 - - 33.7% 61.6%
1988 - - 33.7% 61.3%
1987 - - 34.3% 60.6%
1986 - - 34.8% 58.9%
1985 - - 34.5% 55.4%
1984 - - 34.3% 50.6%
1983 - - 35.7% 48.9%
1982 - - 35.8% 45.9%
1981 - - 33.9% 41.1%
1980 - - 33.7% 41.9%
1979 - - 32% 41.2%
1978 - - 32.6% 42.5%
1977 - - 33.4% 43.6%
1976 - - 34.2% 44.8%
1975 - - 35.2% 44.6%
1974 - - 32.9% 41.4%
1973 - - 31.9% 42.6%
1972 - - 32.8% 45.4%
1971 - - 32.3% 47%
1970 - - 31.5% 46.4%
1969 - - 29.3% 45.9%
1968 - - 29.1% 48.5%
1967 - - 28.3% 50.4%
1966 - - 26.3% 50.6%
1965 - - 25.4% 53.7%
1964 - - 25.6% 56.7%
1963 - - 26% 58.8%
1962 - - 26% 60.2%
1961 - - 25.9% 62.3%
1960 - - 24.9% 61.7%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–2000, retrieved 2026-02-20).

GeoRank.org/economy/czech-republic/united-states | CC BY

In 2024, the Czech Republic's government spending was $148B, accounting for 42.8% of its GDP, while the United States spent $10.9T, or 37.9% of GDP.

Debt-to-GDP ratio is 43.3% in the Czech Republic and 122.3% in the United States, ranking 124/185 and 12/185, respectively.

Government deficit by year

Deficit/surplus
Czech Republic

United States
1x
Year Deficit/surplus, % of GDP
Czech Republic United States
2024 -1.99% -8.03%
2023 -3.73% -7.8%
2022 -3.07% -3.72%
2021 -4.95% -11.4%
2020 -5.65% -14.1%
2019 0.28% -5.81%
2018 0.88% -5.33%
2017 1.46% -4.79%
2016 0.68% -4.36%
2015 -0.67% -3.53%
2014 -2.09% -4.03%
2013 -1.3% -4.56%
2012 -3.92% -8.11%
2011 -2.71% -9.72%
2010 -4.14% -11%
2009 -5.46% -13.2%
2008 -2% -6.61%
2007 -0.68% -2.91%
2006 -2.19% -2.04%
2005 -3.06% -3.07%
2004 -2.4% -4.24%
2003 -6.87% -4.77%
2002 -6.34% -3.82%
2001 -5.76% -0.54%
2000 -3.55% 3.62%
1999 -3.08% 2.71%
1998 -4.14% 2.18%
1997 -3.14% 0.88%
1996 -2.98% -0.46%
1995 -12.3% -1.7%
1994 - -2.05%
1993 - -3.35%
1992 - -3.98%
1991 - -2.72%
1990 - -1.64%
1989 - -0.8%
1988 - -1.06%
1987 - -1.53%
1986 - -2.81%
1985 - -2.63%
1984 - -2.97%
1983 - -4.26%
1982 - -3.78%
1981 - -1.58%
1980 - -2.17%
1979 - -0.79%
1978 - -1.7%
1977 - -2.57%
1976 - -3.63%
1975 - -5.4%
1974 - -1.27%
1973 - -0.86%
1972 - -1.86%
1971 - -2.63%
1970 - -1.21%
1969 - 2.11%
1968 - 1.23%
1967 - 0.47%
1966 - 2.07%
1965 - 2.38%
1964 - 2.18%
1963 - 2.87%
1962 - 2.32%
1961 - 2.28%
1960 - 3.2%
1959 - -9.06%
1958 - -8.68%
1957 - -6.72%
1956 - -6.02%
1955 - -7.4%
1954 - -5.55%
1953 - -5.76%
1952 - -5.41%
1951 - -6.93%
1950 - -8.22%
1949 - -7.94%
1948 - -4.16%
1947 - -3.99%
1946 - -6.45%
1945 - -14.1%
1944 - -13.4%
1943 - -19.3%
1942 - -16.3%
1941 - -10.2%
1940 - -9.73%
1939 - -11.9%
1938 - -10.4%
1937 - -9.22%
1936 - -12.1%
1935 - -13.3%
1934 - -14.9%
1933 - -14.3%
1932 - -12.7%
1931 - -9.76%
1930 - -5.46%
1929 - -4.58%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1929–2000, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20).

GeoRank.org/economy/czech-republic/united-states | 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 the United States' deficit of $2.31T, or 8.03% of GDP.

Over the past 30 years, the Czech Republic recorded a fiscal deficit in 26 of those years, while the United States ran a deficit in 26 years. On average, the Czech Republic posted an annual deficit equal to 3.16% of GDP, compared to deficit of 4.68% of GDP for the United States.

Inflation comparison by year

Inflation
Czech Republic

United States
1x
Year Consumer prices inflation
Czech Republic United States
2024 2.44% 2.95%
2023 10.7% 4.12%
2022 15.1% 8%
2021 3.84% 4.7%
2020 3.16% 1.23%
2019 2.85% 1.81%
2018 2.15% 2.44%
2017 2.45% 2.13%
2016 0.68% 1.26%
2015 0.31% 0.12%
2014 0.34% 1.62%
2013 1.44% 1.46%
2012 3.29% 2.07%
2011 1.92% 3.16%
2010 1.47% 1.64%
2009 1.02% -0.36%
2008 6.36% 3.84%
2007 2.85% 2.85%
2006 2.53% 3.23%
2005 1.86% 3.39%
2004 2.76% 2.68%
2003 0.12% 2.27%
2002 1.9% 1.59%
2001 4.66% 2.83%
2000 3.78% 3.38%
1999 2.14% 2.19%
1998 10.7% 1.55%
1997 8.6% 2.34%

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

GeoRank.org/economy/czech-republic/united-states | CC BY

Over the past 28 years, the Czech Republic has recorded an average annual inflation rate of 3.62%, compared with 2.52% in the United States. In 2024, inflation was 2.44% in the Czech Republic and 2.95% in the United States.

Top exports between countries

Czech Republic
Export category Export value
Machinery & equipment $4.58B
IT & IP services $1.81B
Business & finance services $677M
Transport & tourism services $642M
Chemicals & pharma $525M
Textiles & consumer goods $497M
Raw materials & minerals $376M
Metals $369M
Manufacturing & construction services $214M
Weapons & explosives $180M
United States
Export category Export value
Machinery & equipment $3.15B
Business & finance services $604M
Transport & tourism services $446M
Chemicals & pharma $382M
Miscellaneous $265M
IT & IP services $225M
Metals $127M
Wood & paper products $106M
Textiles & consumer goods $101M
Manufacturing & construction services $50M

Balance of trade

Czech Republic United States
Current account balance
$6.05B
2024
-$1.19T
2024
Current account balance ranking
31/190
2024
190/190
2024
Current account balance, % of GDP
+1.74%
2024
-4.12%
2024
Goods imports
$179B
2024
$3.3T
2024
Goods exports
$197B
2024
$2.08T
2024
Service imports
$38B
2024
$841B
2024
Service exports
$42.5B
2024
$1.15T
2024
Imports of goods and services, % of GDP
62.6%
2024
14.3%
2024
Exports of goods and services, % of GDP
68.9%
2024
11.1%
2024

Economic freedom indices

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

Czech Republic United States
Economic freedom 73.2 72.8
Economic freedom ranking 25/197 27/197
Property rights 89.8 91.6
Government integrity 64.7 77.1
Judicial effectiveness 92.1 76.4
Tax burden 78.8 75.3
Government spending 44.2 57.9
Fiscal health 82.5 18.5
Business freedom 76.8 88.6
Labor freedom 55.1 76.3
Monetary freedom 75 84.2
Trade freedom 79.4 67.6
Investment freedom 70 80
Financial freedom 70 80

Economic freedom comparison by year

Czech Republic
United States
1x
Year Economic freedom index
Czech Republic United States
2026 73.2 72.8
2025 72.9 70.2
2024 70.2 70.1
2023 71.9 70.6
2022 74.4 72.1
2021 73.8 74.8
2020 74.8 76.6
2019 73.7 76.8
2018 74.2 75.7
2017 73.3 75.1
2016 73.2 75.4
2015 72.5 76.2
2014 72.2 75.5
2013 70.9 76
2012 69.9 76.3
2011 70.4 77.8
2010 69.8 78
2009 69.4 80.7
2008 68.1 81
2007 67.4 81.2
2006 66.4 81.2
2005 64.6 79.9
2004 67 78.7
2003 67.5 78.2
2002 66.5 78.4
2001 70.2 79.1
2000 68.6 76.4
1999 69.7 75.5
1998 68.4 75.4
1997 68.8 75.6
1996 68.1 76.7
1995 67.8 76.7

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

GeoRank.org/economy/czech-republic/united-states | CC BY

The Economic Freedom Index for the Czech Republic is 73.2, ranking 25/197, compared to 72.8 for the United States, ranking 27/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Czech Republic United States
Services, % of GDP
60.2%
2024
79.7%
2024
Industry, % of GDP
29.2%
2024
17.3%
2024
Agriculture, forestry, and fishing, % of GDP
1.9%
2024
0.85%
2024
GNI, Atlas method
$322B
2024
$28.4T
2024
GNI per capita, PPP
$54,800
2024
$85,980
2024
Total reserves including gold
$146B
2024
$910B
2024
Total reserves ranking
22/177
2024
3/177
2024
Net foreign direct investment
-$1.87B
2024
$25.1B
2024
Net inflows of foreign direct investment
$13.1B
2024
$297B
2024
Net outflows of foreign direct investment
$11.2B
2024
$322B
2024
Poverty at national poverty lines
10.2%
2021
15.1%
2020
Gross capital formation, % of GDP
26.3%
2024
21.8%
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/united-states | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1929–2000, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1960–2025, retrieved 2026-02-08)
  6. TradeMap (2022–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

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.