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Economy of Czech Republic vs Uzbekistan compared: GDP & Debt

Updated on by Georank team

The Czech Republic has a GDP of $345B compared to $115B for Uzbekistan, ranking 45/197 and 66/197 by economy size, respectively.

The Czech Republic has $148B in government debt (44.2% of GDP), compared to $37.5B (33% of GDP) in Uzbekistan.

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 $
Uzbekistan
GDP, current $

GDP, constant 2015 $
Year GDP
Czech Republic Uzbekistan
Current $ Constant $ Current $ Constant $
1987 - - $8,523,160,593 $28,089,418,035
1988 - - $10,722,799,639 $30,656,392,613
1989 - - $11,948,815,258 $31,604,071,830
1990 $41,016,881,802 $122,972,963,913 $13,362,340,338 $32,109,736,981
1991 $30,071,014,282 $108,689,725,031 $13,800,167,712 $31,951,757,074
1992 $35,051,065,440 $108,139,165,551 $12,953,801,760 $28,373,160,282
1993 $41,155,654,032 $108,206,108,282 $13,099,920,056 $27,720,577,595
1994 $48,188,478,339 $111,354,158,853 $12,899,074,922 $26,279,107,562
1995 $60,572,381,311 $118,281,953,160 $13,350,461,265 $26,042,595,592
1996 $67,804,105,330 $123,212,636,053 $13,948,892,216 $26,485,319,718
1997 $62,539,765,163 $122,478,487,836 $14,744,603,774 $27,862,556,343
1998 $67,187,217,328 $121,996,963,424 $14,988,971,211 $29,060,646,266
1999 $65,586,562,605 $123,678,521,512 $17,078,465,982 $30,310,254,055
2000 $62,175,642,238 $128,638,858,401 $13,760,513,969 $31,472,652,299
2001 $68,135,304,464 $132,391,536,300 $11,401,421,329 $32,783,122,633
2002 $82,607,869,610 $134,395,228,572 $9,687,788,513 $34,085,756,140
2003 $100,435,924,705 $138,831,395,778 $10,134,453,435 $35,528,479,188
2004 $120,147,899,984 $145,406,922,288 $12,030,023,548 $38,174,995,818
2005 $137,264,185,596 $154,676,655,550 $14,307,509,839 $40,828,160,774
2006 $156,236,258,387 $164,921,158,025 $17,330,833,853 $43,870,437,889
2007 $190,040,702,287 $173,973,393,346 $22,311,393,928 $48,026,286,798
2008 $236,506,264,754 $178,518,044,754 $29,549,438,884 $52,362,657,564
2009 $206,971,882,705 $169,952,170,271 $33,689,223,673 $56,578,340,213
2010 $211,168,667,286 $174,565,802,522 $49,765,676,402 $60,876,691,748
2011 $231,429,378,717 $177,659,773,383 $60,178,909,297 $65,457,747,965
2012 $210,363,223,088 $176,290,606,022 $67,517,349,212 $70,106,848,439
2013 $213,024,360,541 $176,216,894,660 $73,180,037,915 $75,222,229,948
2014 $210,911,285,078 $180,173,337,875 $80,845,385,809 $80,392,884,506
2015 $189,107,698,562 $189,107,698,562 $86,196,264,755 $86,196,264,755
2016 $198,160,659,304 $193,988,322,685 $86,138,288,644 $91,309,557,165
2017 $221,563,575,696 $204,024,435,233 $69,703,222,283 $95,322,862,969
2018 $251,992,360,762 $209,798,950,825 $58,695,899,092 $100,622,047,496
2019 $256,794,209,029 $217,279,912,682 $67,293,639,798 $107,444,145,840
2020 $251,109,660,603 $205,753,475,018 $66,443,265,418 $109,123,866,128
2021 $290,972,714,482 $214,043,320,221 $77,340,060,003 $117,891,622,987
2022 $301,831,228,326 $220,137,498,831 $90,095,926,567 $124,966,702,851
2023 $343,206,568,135 $220,015,846,842 $102,641,879,249 $132,828,878,428
2024 $345,036,675,975 $222,480,870,567 $114,965,293,467 $141,462,755,525

Economic indicators

Czech Republic Uzbekistan
Gross domestic product
$345B
2024
$115B
2024
GDP rank
45/197
2024
66/197
2024
GDP growth
0.53%
2023-2024
12%
2023-2024
GDP per capita
$31,707
2024
$3,162
2024
GDP per capita rank
39/197
2024
139/197
2024
GDP per capita, PPP
$56,806
2024
$11,879
2024
Government debt
$148B
2024
$37.5B
2024
Debt-to-GDP ratio
44.2%
2025
33%
2025
Government debt per person
$13,630
2024
$1,032
2024
Government debt per person rank
43/185
2024
142/185
2024
Average annual personal income after taxes
$21,451
2025
$3,203
2025
Market capitalization of domestic companies
$34.6B
2024
$18.8B
2024
Number of billionaires
11
2025
n/a
Income share by richest 10%
21.5%
2023
25.7%
2024
Income share by poorest 10%
3.8%
2023
2.3%
2024
Government expenditure, % of GDP
43.3%
2025
27.8%
2025
Consumer prices inflation
2.44%
2023-2024
9.1%
2024-2025
Central bank interest rate
3.5%
2025
14%
2025
Unemployment rate
2.6%
2024
5.29%
2020
Population
10753822
37592263

GDP per capita in Czech Republic vs Uzbekistan

The Czech Republic's GDP per capita is $31,707, ranking 39/197, compared to $3,162 in Uzbekistan, ranking 139/197. Adjusted for purchasing power (GDP per capita PPP), the Czech Republic ranks 34th at $56,806, while Uzbekistan ranks 123rd at $11,879.

Czech Republic
GDP per capita

GDP per capita, PPP
Uzbekistan
GDP per capita

GDP per capita, PPP
Year Current $
Czech Republic Uzbekistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1987 - - $450 -
1988 - - $551 -
1989 - - $598 -
1990 $3,969 $12,806 $653 $2,665
1991 $2,917 $11,730 $658 $2,676
1992 $3,397 $11,924 $603 $2,371
1993 $3,984 $12,201 $596 $2,318
1994 $4,663 $12,820 $574 $2,197
1995 $5,865 $13,948 $583 $2,178
1996 $6,573 $14,775 $597 $2,214
1997 $6,069 $14,908 $621 $2,329
1998 $6,527 $15,063 $621 $2,418
1999 $6,378 $15,494 $698 $2,522
2000 $6,063 $16,329 $555 $2,644
2001 $6,669 $17,711 $454 $2,782
2002 $8,101 $18,344 $381 $2,902
2003 $9,852 $19,607 $394 $3,047
2004 $11,783 $20,991 $462 $3,321
2005 $13,442 $22,115 $543 $3,618
2006 $15,259 $23,919 $649 $3,956
2007 $18,453 $26,269 $824 $4,386
2008 $22,775 $27,938 $1,075 $4,800
2009 $19,817 $27,699 $1,206 $5,135
2010 $20,160 $28,157 $1,753 $5,505
2011 $22,049 $29,237 $2,088 $5,949
2012 $20,014 $29,466 $2,307 $6,168
2013 $20,260 $31,013 $2,462 $6,413
2014 $20,038 $32,743 $2,675 $6,610
2015 $17,932 $34,102 $2,803 $6,800
2016 $18,754 $36,445 $2,753 $6,919
2017 $20,913 $39,346 $2,191 $7,818
2018 $23,706 $41,638 $1,813 $8,129
2019 $24,063 $45,614 $2,041 $8,544
2020 $23,473 $44,839 $1,978 $8,452
2021 $27,696 $47,796 $2,259 $9,248
2022 $28,282 $51,710 $2,579 $10,293
2023 $31,591 $53,217 $2,879 $11,107
2024 $31,707 $56,806 $3,162 $11,879

Spending and national debt comparison

In 2024, the Czech Republic's government spending was $148B, accounting for 43.3% of its GDP, while Uzbekistan's spent $31.9B, or 27.8% of GDP.

Debt-to-GDP ratio is 44.2% in the Czech Republic and 33% in Uzbekistan, ranking 119/185 and 155/185, respectively.

Czech Republic
Government spending

Government debt
Uzbekistan
Government spending

Government debt
Year % of GDP
Czech Republic Uzbekistan
Government spending Government debt Government spending Government debt
1992 - - 18% -
1993 - - 39.6% -
1994 - - 27.1% -
1995 52.8% 13.5% 29.4% -
1996 41.4% 11.5% 35.1% -
1997 41.3% 12.1% 31.8% 15.3%
1998 41.6% 13.9% 35.1% 18%
1999 40.9% 15.1% 33.6% 18.4%
2000 40.6% 16.9% 32.9% 29.5%
2001 43.1% 22.6% 30.6% 44.8%
2002 44.4% 25.7% 34.6% 41.6%
2003 49% 28.1% 31.5% 31.4%
2004 42.2% 28.3% 29.4% 26.9%
2005 42.3% 27.7% 28.1% 21%
2006 41.5% 27.6% 24.7% 13.5%
2007 40.5% 27.3% 24.8% 9.56%
2008 40.9% 28.2% 26.5% 8.33%
2009 44.5% 33.4% 27.5% 7.3%
2010 43.2% 36.7% 26.4% 6.61%
2011 42.8% 39.4% 23.7% 6.33%
2012 44.4% 43.8% 23.9% 6.76%
2013 42.4% 44.1% 25.2% 6.23%
2014 42.3% 41.5% 24.9% 6.09%
2015 41.7% 39.5% 24.6% 6.72%
2016 39.4% 36.2% 23.3% 8.19%
2017 38.5% 33.8% 19.9% 17.3%
2018 40.1% 31.7% 22.2% 17.5%
2019 40.4% 29.6% 24.3% 25.4%
2020 46.3% 36.9% 26% 33.7%
2021 45% 40.7% 27.4% 31.7%
2022 43% 42.5% 31.4% 30.5%
2023 43.9% 42.4% 29.9% 32.2%
2024 43% 43% 27.8% 32.6%
2025 43.3% 44.2% 27.8% 33%

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 Uzbekistan's deficit of -$2.6B, or -2.26% of GDP.

Over the past 30 years, the Czech Republic recorded a fiscal deficit in 26 of those years, while Uzbekistan ran a deficit in 18 years. On average, the Czech Republic posted an annual deficit equal to -3.17% of GDP, compared to deficit of -0.64% of GDP for Uzbekistan.

Deficit/surplus
Czech Republic

Uzbekistan
Year Deficit/surplus, % of GDP
Czech Republic Uzbekistan
1992 - 7.15%
1993 - -12%
1994 - -4.47%
1995 -12.3% -1.77%
1996 -2.98% -1.57%
1997 -3.14% -2.05%
1998 -4.14% -3.04%
1999 -3.08% -2.91%
2000 -3.55% -3.66%
2001 -5.76% -3.28%
2002 -6.34% -6.31%
2003 -6.87% -4.87%
2004 -2.4% -3.74%
2005 -3.06% -3.52%
2006 -2.19% 2.72%
2007 -0.68% 3.55%
2008 -2% 5.97%
2009 -5.46% 1.82%
2010 -4.14% 2.56%
2011 -2.71% 5.11%
2012 -3.92% 5.89%
2013 -1.3% 2.15%
2014 -2.09% 1.9%
2015 -0.67% -0.28%
2016 0.68% 0.7%
2017 1.46% 1.04%
2018 0.88% 1.64%
2019 0.28% -0.26%
2020 -5.65% -2.95%
2021 -4.95% -4.1%
2022 -3.07% -3.65%
2023 -3.78% -3.98%
2024 -2.21% -2.26%
2025 -2.56% -2.27%

Inflation comparison by year

Over the past 29 years, the Czech Republic has recorded an average annual inflation rate of 3.8%, compared with 17.9% in Uzbekistan. In 2024, inflation was 2.44% in the Czech Republic and 9.1% in Uzbekistan.

Inflation
Czech Republic

Uzbekistan
Year Inflation
Czech Republic Uzbekistan Czech Republic Uzbekistan
1996 8.76% 54%
1997 8.6% 70.9%
1998 10.7% 29%
1999 2.14% 29.1%
2000 3.78% 25%
2001 4.66% 27.3%
2002 1.9% 27.3%
2003 0.12% 12.5%
2004 2.76% 7.3%
2005 1.86% 10.7%
2006 2.53% 13.1%
2007 2.85% 11.2%
2008 6.36% 13.1%
2009 1.02% 12.3%
2010 1.47% 12.3%
2011 1.92% 12.4%
2012 3.29% 11.9%
2013 1.44% 11.7%
2014 0.34% 9.1%
2015 0.31% 8.5%
2016 0.68% 8.8%
2017 2.45% 13.9%
2018 2.15% 17.5%
2019 2.85% 14.5%
2020 3.16% 12.9%
2021 3.84% 10.8%
2022 15.1% 11.4%
2023 10.7% 10%
2024 2.44% 9.6%
2025 - 9.1%

Top exports between countries

Czech Republic
Export category Export value
Machinery & equipment $189M
Chemicals & pharma $28.4M
Metals $10M
Raw materials & minerals $9.01M
Textiles & consumer goods $7.89M
Wood & paper products $2.69M
Processed food, beverages & tobacco $1.21M
Raw agricultural goods $882K
Precious metals & jewellery $864K
Miscellaneous $122K
Uzbekistan
Export category Export value
Textiles & consumer goods $2.3M
Metals $1.6M
Raw materials & minerals $728K
Raw agricultural goods $706K
Wood & paper products $506K
Machinery & equipment $188K
Processed food, beverages & tobacco $60K
Manufacturing & construction services $28K
Animal & marine products $8K
Chemicals & pharma $4K

Balance of trade

Czech Republic Uzbekistan
Current account balance
$6.05B
2024
-$5.72B
2024
Current account balance ranking
31/189
2024
170/189
2024
Current account balance, % of GDP
+1.75%
2024
-4.97%
2024
Goods imports
$179B
2024
$33.2B
2024
Goods exports
$197B
2024
$19.6B
2024
Service imports
$38B
2024
$10.5B
2024
Service exports
$42.5B
2024
$6.55B
2024
Imports of goods and services, % of GDP
62.7%
2024
38%
2024
Exports of goods and services, % of GDP
69.2%
2024
22.8%
2024

Economic freedom indices

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

Czech Republic Uzbekistan
Economic freedom 72.9 58
Economic freedom ranking 25/197 111/197
Property rights 89.9 33.5
Government integrity 62.8 31.2
Judicial effectiveness 92 14.5
Tax burden 78.9 92.8
Government spending 42.2 73.6
Fiscal health 71.5 73.3
Business freedom 81.4 64.4
Labor freedom 57.9 47.9
Monetary freedom 68.9 64.6
Trade freedom 79.6 80.6
Investment freedom 70 60
Financial freedom 80 60

Economic freedom by year comparison

The Economic Freedom Index for the Czech Republic is 72.9, ranking 25/197, compared to 58 for Uzbekistan, ranking 111/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Czech Republic
Uzbekistan
Year Economic freedom index
Czech Republic Uzbekistan
1995 67.8 -
1996 68.1 -
1997 68.8 -
1998 68.4 31.5
1999 69.7 33.8
2000 68.6 38.1
2001 70.2 38.2
2002 66.5 38.5
2003 67.5 38.3
2004 67 39.1
2005 64.6 45.8
2006 66.4 48.7
2007 67.4 51.5
2008 68.1 51.9
2009 69.4 50.5
2010 69.8 47.5
2011 70.4 45.8
2012 69.9 45.8
2013 70.9 46
2014 72.2 46.5
2015 72.5 47
2016 73.2 46
2017 73.3 52.3
2018 74.2 51.5
2019 73.7 53.3
2020 74.8 57.2
2021 73.8 58.3
2022 74.4 55.7
2023 71.9 56.5
2024 70.2 55.9
2025 72.9 58

More economic indicators

Czech Republic Uzbekistan
Services, % of GDP
59.5%
2024
45.2%
2024
Industry, % of GDP
30.2%
2024
31.8%
2024
Agriculture, forestry, and fishing, % of GDP
1.5%
2024
18.3%
2024
GNI, Atlas method
$317B
2024
$110B
2024
GNI per capita, PPP
$54,340
2024
$12,000
2024
Total reserves including gold
$146B
2024
$41.2B
2024
Total reserves ranking
22/177
2024
50/177
2024
Net foreign direct investment
-$1.87B
2024
-$2.8B
2024
Net inflows of foreign direct investment
$13.1B
2024
$2.84B
2024
Net outflows of foreign direct investment
$11.2B
2024
$36.7M
2024
Servicing debt to the IMF, % of GNI
n/a
8.24%
2023
Poverty at national poverty lines
10.2%
2021
8.9%
2024
Gross capital formation, % of GDP
26%
2024
33.3%
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.