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Economy of Czech Republic vs Yemen compared: GDP & Debt

Updated on by Georank team

The Czech Republic has a GDP of $345B compared to $21.6B for Yemen, ranking 45/197 and 124/197 by economy size, respectively.

The Czech Republic has $148B in government debt (44.2% of GDP), compared to $18.8B (71.2% of GDP) in Yemen.

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 $
Yemen
GDP, current $

GDP, constant 2015 $
Year GDP
Czech Republic Yemen
Current $ Constant $ Current $ Constant $
1990 $41,016,881,802 $122,972,963,913 $12,643,821,569 $23,917,787,986
1991 $30,071,014,282 $108,689,725,031 $14,665,445,462 $25,423,052,504
1992 $35,051,065,440 $108,139,165,551 $17,959,367,194 $27,509,674,488
1993 $41,155,654,032 $108,206,108,282 $21,736,802,664 $28,610,602,412
1994 $48,188,478,339 $111,354,158,853 $28,019,483,764 $30,533,792,550
1995 $60,572,381,311 $118,281,953,160 $12,796,345,679 $32,264,866,629
1996 $67,804,105,330 $123,212,636,053 $6,496,163,616 $33,760,332,652
1997 $62,539,765,163 $122,478,487,836 $6,838,298,531 $35,526,373,478
1998 $67,187,217,328 $121,996,963,424 $6,322,175,566 $37,660,334,235
1999 $65,586,562,605 $123,678,521,512 $7,639,325,296 $39,082,211,639
2000 $62,175,642,238 $128,638,858,401 $9,679,316,770 $41,498,240,974
2001 $68,135,304,464 $132,391,536,300 $9,852,990,693 $43,076,687,104
2002 $82,607,869,610 $134,395,228,572 $10,693,430,511 $44,771,854,466
2003 $100,435,924,705 $138,831,395,778 $11,777,532,662 $46,449,634,128
2004 $120,147,899,984 $145,406,922,288 $13,867,634,371 $48,294,937,071
2005 $137,264,185,596 $154,676,655,550 $16,731,566,717 $50,995,468,285
2006 $156,236,258,387 $164,921,158,025 $19,063,143,370 $52,612,233,385
2007 $190,040,702,287 $173,973,393,346 $21,650,528,674 $54,368,654,892
2008 $236,506,264,754 $178,518,044,754 $26,910,855,807 $56,351,789,349
2009 $206,971,882,705 $169,952,170,271 $25,130,278,213 $58,530,478,862
2010 $211,168,667,286 $174,565,802,522 $30,906,749,533 $63,038,676,059
2011 $231,429,378,717 $177,659,773,383 $32,726,417,878 $55,023,373,391
2012 $210,363,223,088 $176,290,606,022 $35,401,331,609 $56,340,077,326
2013 $213,024,360,541 $176,216,894,660 $40,415,233,436 $59,057,651,706
2014 $210,911,285,078 $180,173,337,875 $43,228,585,321 $58,946,215,682
2015 $189,107,698,562 $189,107,698,562 $42,444,490,074 $42,444,490,074
2016 $198,160,659,304 $193,988,322,685 $31,317,825,274 $38,465,266,573
2017 $221,563,575,696 $204,024,435,233 $26,842,229,045 $36,514,386,859
2018 $251,992,360,762 $209,798,950,825 $21,606,160,663 $36,789,138,484
2019 $256,794,209,029 $217,279,912,682 - -
2020 $251,109,660,603 $205,753,475,018 - -
2021 $290,972,714,482 $214,043,320,221 - -
2022 $301,831,228,326 $220,137,498,831 - -
2023 $343,206,568,135 $220,015,846,842 - -
2024 $345,036,675,975 $222,480,870,567 - -

Economic indicators

Czech Republic Yemen
Gross domestic product
$345B
2024
$21.6B
2018
GDP rank
45/197
2024
124/197
2018
GDP growth
0.53%
2023-2024
-19.5%
2017-2018
GDP per capita
$31,707
2024
$634
2018
GDP per capita rank
39/197
2024
192/197
2018
GDP per capita, PPP
$56,806
2024
$3,164
2013
Government debt
$148B
2024
$18.8B
2018
Debt-to-GDP ratio
44.2%
2025
71.2%
2025
Government debt per person
$13,630
2024
$551
2018
Government debt per person rank
43/185
2024
164/185
2018
Average annual personal income after taxes
$21,451
2025
$1,333
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
29.4%
2014
Income share by poorest 10%
3.8%
2023
3%
2014
Government expenditure, % of GDP
43.3%
2025
9.59%
2025
Consumer prices inflation
2.44%
2023-2024
20.4%
2024-2025
Central bank interest rate
3.5%
2025
n/a
Unemployment rate
2.6%
2024
13.5%
2014
Population
10753822
42727988

GDP per capita in Czech Republic vs Yemen

The Czech Republic's GDP per capita is $31,707, ranking 39/197, compared to $634 in Yemen, ranking 192/197. Adjusted for purchasing power (GDP per capita PPP), the Czech Republic ranks 34th at $56,806, while Yemen ranks 178th at $3,164.

Czech Republic
GDP per capita

GDP per capita, PPP
Yemen
GDP per capita

GDP per capita, PPP
Year Current $
Czech Republic Yemen
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1990 $3,969 $12,806 $910 $1,742
1991 $2,917 $11,730 $1,016 $1,843
1992 $3,397 $11,924 $1,198 $1,963
1993 $3,984 $12,201 $1,397 $2,013
1994 $4,663 $12,820 $1,735 $2,115
1995 $5,865 $13,948 $764 $2,201
1996 $6,573 $14,775 $375 $2,268
1997 $6,069 $14,908 $383 $2,351
1998 $6,527 $15,063 $343 $2,442
1999 $6,378 $15,494 $401 $2,492
2000 $6,063 $16,329 $493 $2,624
2001 $6,669 $17,711 $487 $2,702
2002 $8,101 $18,344 $513 $2,768
2003 $9,852 $19,607 $549 $2,844
2004 $11,783 $20,991 $628 $2,949
2005 $13,442 $22,115 $734 $3,113
2006 $15,259 $23,919 $810 $3,205
2007 $18,453 $26,269 $890 $3,294
2008 $22,775 $27,938 $1,072 $3,370
2009 $19,817 $27,699 $969 $3,411
2010 $20,160 $28,157 $1,155 $3,603
2011 $22,049 $29,237 $1,186 $3,113
2012 $20,014 $29,466 $1,245 $3,005
2013 $20,260 $31,013 $1,379 $3,164
2014 $20,038 $32,743 $1,430 -
2015 $17,932 $34,102 $1,362 -
2016 $18,754 $36,445 $975 -
2017 $20,913 $39,346 $811 -
2018 $23,706 $41,638 $634 -
2019 $24,063 $45,614 - -
2020 $23,473 $44,839 - -
2021 $27,696 $47,796 - -
2022 $28,282 $51,710 - -
2023 $31,591 $53,217 - -
2024 $31,707 $56,806 - -

Spending and national debt comparison

In 2024, the Czech Republic's government spending was $148B, accounting for 43.3% of its GDP, while Yemen's spent $3.08B, or 9.59% of GDP.

Debt-to-GDP ratio is 44.2% in the Czech Republic and 71.2% in Yemen, ranking 119/185 and 54/185, respectively.

Czech Republic
Government spending

Government debt
Yemen
Government spending

Government debt
Year % of GDP
Czech Republic Yemen
Government spending Government debt Government spending Government debt
1990 - - 26.6% 91.6%
1991 - - 24.7% 82.7%
1992 - - 24.6% 78%
1993 - - 25.8% 76.7%
1994 - - 25.2% 73.3%
1995 52.8% 13.5% 24.1% 84.1%
1996 41.4% 11.5% 30.7% 114.9%
1997 41.3% 12.1% 34.2% 74.2%
1998 41.6% 13.9% 34.3% 110.6%
1999 40.9% 15.1% 28.2% 96.1%
2000 40.6% 16.9% 31.7% 60.8%
2001 43.1% 22.6% 30.5% 60.6%
2002 44.4% 25.7% 30.8% 57.8%
2003 49% 28.1% 35.3% 56.8%
2004 42.2% 28.3% 34.2% 52.1%
2005 42.3% 27.7% 36.8% 43.8%
2006 41.5% 27.6% 37.4% 40.8%
2007 40.5% 27.3% 40.3% 40.4%
2008 40.9% 28.2% 41.2% 36.4%
2009 44.5% 33.4% 35.2% 49.8%
2010 43.2% 36.7% 30.2% 42.4%
2011 42.8% 39.4% 29.8% 45.7%
2012 44.4% 43.8% 36.2% 47.6%
2013 42.4% 44.1% 30.8% 48.4%
2014 42.3% 41.5% 27.8% 48.9%
2015 41.7% 39.5% 19.4% 57.7%
2016 39.4% 36.2% 16.1% 76.5%
2017 38.5% 33.8% 8.39% 83.8%
2018 40.1% 31.7% 14.3% 86.9%
2019 40.4% 29.6% 13.2% 91.5%
2020 46.3% 36.9% 10.6% 87%
2021 45% 40.7% 8.22% 75.9%
2022 43% 42.5% 12.2% 65.3%
2023 43.9% 42.4% 11.8% 77.9%
2024 43% 43% 8.91% 70.9%
2025 43.3% 44.2% 9.59% 71.2%

Government deficit by year

In 2018, the Czech Republic's government surplus, the difference between spending and revenue, was $2.22B, equivalent to 0.88% of GDP. This compares to Yemen's deficit of -$1.7B, or -7.85% of GDP.

Over the past 24 years, the Czech Republic recorded a fiscal deficit in 21 of those years, while Yemen ran a deficit in 20 years. On average, the Czech Republic posted an annual deficit equal to -3.16% of GDP, compared to deficit of -3.85% of GDP for Yemen.

Deficit/surplus
Czech Republic

Yemen
Year Deficit/surplus, % of GDP
Czech Republic Yemen
1990 - -10.3%
1991 - -5.76%
1992 - -10.9%
1993 - -12.8%
1994 - -14%
1995 -12.3% -5.74%
1996 -2.98% -0.92%
1997 -3.14% -1.5%
1998 -4.14% -7.77%
1999 -3.08% 0.06%
2000 -3.55% 6.09%
2001 -5.76% 2.79%
2002 -6.34% -0.56%
2003 -6.87% -4.2%
2004 -2.4% -2.15%
2005 -3.06% -1.82%
2006 -2.19% 1.19%
2007 -0.68% -7.18%
2008 -2% -4.53%
2009 -5.46% -10.2%
2010 -4.14% -4.06%
2011 -2.71% -4.51%
2012 -3.92% -6.32%
2013 -1.3% -6.9%
2014 -2.09% -4.14%
2015 -0.67% -8.75%
2016 0.68% -8.51%
2017 1.46% -4.9%
2018 0.88% -7.85%
2019 0.28% -5.89%
2020 -5.65% -4.3%
2021 -4.95% -0.89%
2022 -3.07% -2.15%
2023 -3.78% -5.63%
2024 -2.21% -2.48%
2025 -2.56% -3.73%

Inflation comparison by year

Over the past 29 years, the Czech Republic has recorded an average annual inflation rate of 3.8%, compared with 16.3% in Yemen. In 2024, inflation was 2.44% in the Czech Republic and 20.4% in Yemen.

Inflation
Czech Republic

Yemen
Year Inflation
Czech Republic Yemen Czech Republic Yemen
1996 8.76% 38.8%
1997 8.6% 4.6%
1998 10.7% 11.5%
1999 2.14% 7.9%
2000 3.78% 11%
2001 4.66% 11.9%
2002 1.9% 12.2%
2003 0.12% 10.8%
2004 2.76% 12.5%
2005 1.86% 9.9%
2006 2.53% 10.8%
2007 2.85% 7.9%
2008 6.36% 19%
2009 1.02% 3.7%
2010 1.47% 11.2%
2011 1.92% 19.5%
2012 3.29% 9.9%
2013 1.44% 11%
2014 0.34% 8.2%
2015 0.31% 22%
2016 0.68% 21.3%
2017 2.45% 30.4%
2018 2.15% 33.6%
2019 2.85% 15.7%
2020 3.16% 21.7%
2021 3.84% 31.5%
2022 15.1% 29.5%
2023 10.7% 0.9%
2024 2.44% 33.9%
2025 - 20.4%

Top exports between countries

Czech Republic
Export category Export value
Machinery & equipment $3.71M
Chemicals & pharma $543K
Textiles & consumer goods $533K
Processed food, beverages & tobacco $154K
Raw materials & minerals $109K
Miscellaneous $73K
Metals $45K
Wood & paper products $37K
Raw agricultural goods $26K
Yemen
Export category Export value

Balance of trade

Czech Republic Yemen
Current account balance
$6.05B
2024
-$2.42B
2016
Current account balance ranking
31/189
2024
146/189
2016
Current account balance, % of GDP
+1.75%
2024
-7.72%
2016
Goods imports
$179B
2024
$6.8B
2016
Goods exports
$197B
2024
$473M
2016
Service imports
$38B
2024
$1.46B
2016
Service exports
$42.5B
2024
$466M
2016
Imports of goods and services, % of GDP
62.7%
2024
47.3%
2018
Exports of goods and services, % of GDP
69.2%
2024
8.76%
2018

Economic freedom indices

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

Czech Republic Yemen
Economic freedom 72.9 53.7
Economic freedom ranking 25/197 140/197
Property rights 89.9 5.1
Government integrity 62.8 6.1
Judicial effectiveness 92 8.3
Tax burden 78.9 91.5
Government spending 42.2 95.6
Fiscal health 71.5 48.9
Business freedom 81.4 28.4
Labor freedom 57.9 30.7
Monetary freedom 68.9 54.6
Trade freedom 79.6 67.4
Investment freedom 70 50
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 53.7 for Yemen, ranking 140/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Czech Republic
Yemen
Year Economic freedom index
Czech Republic Yemen
1995 67.8 49.8
1996 68.1 49.6
1997 68.8 48.4
1998 68.4 46.1
1999 69.7 43.3
2000 68.6 44.5
2001 70.2 44.3
2002 66.5 48.6
2003 67.5 50.3
2004 67 50.5
2005 64.6 53.8
2006 66.4 52.6
2007 67.4 54.1
2008 68.1 53.8
2009 69.4 56.9
2010 69.8 54.4
2011 70.4 54.2
2012 69.9 55.3
2013 70.9 55.9
2014 72.2 55.5
2015 72.5 53.7
2016 73.2 -
2017 73.3 -
2018 74.2 -
2019 73.7 -
2020 74.8 -
2021 73.8 -
2022 74.4 -
2023 71.9 -
2024 70.2 -
2025 72.9 -

More economic indicators

Czech Republic Yemen
Services, % of GDP
59.5%
2024
41.8%
2018
Industry, % of GDP
30.2%
2024
25.4%
2018
Agriculture, forestry, and fishing, % of GDP
1.5%
2024
28.7%
2018
GNI, Atlas method
$317B
2024
$25.3B
2018
GNI per capita, PPP
$54,340
2024
$3,020
2013
Total reserves including gold
$146B
2024
$1.25B
2022
Total reserves ranking
22/177
2024
139/177
2022
Net foreign direct investment
-$1.87B
2024
$15.4M
2015
Net inflows of foreign direct investment
$13.1B
2024
-$371M
2019
Net outflows of foreign direct investment
$11.2B
2024
$3.33M
2019
Servicing debt to the IMF, % of GNI
n/a
0.53%
2018
Poverty at national poverty lines
10.2%
2021
48.6%
2014
Gross capital formation, % of GDP
26%
2024
n/a

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.