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Economy of Czech Republic vs Zimbabwe compared: GDP & Debt

Updated on by Georank team

The Czech Republic has a GDP of $347B compared to $41.5B for Zimbabwe, ranking 44/197 and 102/197 by economy size, respectively.

The Czech Republic has $150B in government debt (43.3% of GDP), compared to $30.3B (73% of GDP) in Zimbabwe.

Czech Republic vs Zimbabwe GDP by year

Czech Republic
Zimbabwe
1x
Year GDP, current $
Czech Republic Zimbabwe
2024 $347,034,062,928 $41,539,411,516
2023 $345,059,295,660 $35,871,779,681
2022 $301,831,228,326 $40,757,561,709
2021 $290,972,714,482 $41,287,673,690
2020 $251,109,660,603 $31,980,334,561
2019 $256,794,209,029 $33,357,695,635
2018 $251,992,360,762 $34,141,666,667
2017 $221,563,575,696 $51,035,657,371
2016 $198,160,659,304 $20,559,250,000
2015 $189,107,698,562 $19,973,250,000
2014 $210,911,285,078 $19,505,500,000
2013 $213,024,360,541 $19,100,750,000
2012 $210,363,223,088 $17,123,500,000
2011 $231,429,378,717 $14,109,000,000
2010 $211,168,667,286 $12,047,750,000
2009 $206,971,882,705 $9,670,750,000
2008 $236,506,264,754 $4,418,000,000
2007 $190,040,702,287 $5,294,750,000
2006 $156,236,258,387 $5,446,750,000
2005 $137,264,185,596 $5,758,250,000
2004 $120,147,899,984 $5,808,500,000
2003 $100,435,924,705 $5,730,500,000
2002 $82,607,869,610 $6,345,250,000
2001 $68,135,304,464 $6,780,750,000
2000 $62,175,642,238 $6,693,250,000
1999 $65,586,562,605 $6,861,500,000
1998 $67,187,217,328 $6,405,250,000
1997 $62,539,765,163 $8,534,000,000
1996 $67,804,105,330 $8,557,500,000
1995 $60,572,381,311 $7,115,000,000
1994 $48,188,478,339 $6,894,250,000
1993 $41,155,654,032 $6,567,250,000
1992 $35,051,065,440 $6,755,000,000
1991 $30,071,014,282 $8,646,000,000
1990 $41,016,881,802 $8,788,301,546
1989 - $8,290,553,535
1988 - $7,818,774,177
1987 - $6,744,657,033
1986 - $6,220,698,247
1985 - $5,640,137,575
1984 - $6,355,369,172
1983 - $7,768,031,182
1982 - $8,544,060,905
1981 - $8,015,464,252
1980 - $6,682,278,300
1979 - $5,180,102,910
1978 - $4,353,822,343
1977 - $4,366,610,469
1976 - $4,320,576,877
1975 - $4,373,532,601
1974 - $3,984,194,614
1973 - $3,311,043,292
1972 - $2,679,096,597
1971 - $2,179,828,710
1970 - $1,885,168,339
1969 - $1,748,891,294
1968 - $1,480,355,355
1967 - $1,397,715,282
1966 - $1,282,403,936
1965 - $1,312,105,394
1964 - $1,217,759,447
1963 - $1,160,103,724
1962 - $1,118,172,226
1961 - $1,097,206,526
1960 - $1,053,528,036

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

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

GDP per capita in Czech Republic vs Zimbabwe by year

Czech Republic
GDP per capita

GDP per capita, PPP
Zimbabwe
GDP per capita

GDP per capita, PPP
1x
Year Current $
Czech Republic Zimbabwe
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $31,823 $57,285 $2,497 $5,928
2023 $31,762 $55,761 $2,195 $5,791
2022 $28,282 $52,947 $2,536 $5,396
2021 $27,696 $47,796 $2,614 $4,827
2020 $23,473 $44,839 $2,060 $4,179
2019 $24,063 $45,614 $2,184 $4,166
2018 $23,706 $41,638 $2,271 $3,993
2017 $20,913 $39,346 $3,445 $10,756
2016 $18,754 $36,445 $1,408 $4,275
2015 $17,932 $34,093 $1,387 $4,046
2014 $20,038 $32,743 $1,373 $3,903
2013 $20,260 $31,013 $1,363 $3,784
2012 $20,014 $29,466 $1,239 $3,472
2011 $22,049 $29,237 $1,038 $3,047
2010 $20,160 $28,154 $902 $2,661
2009 $19,817 $27,713 $736 $2,233
2008 $22,775 $27,938 $341 $1,987
2007 $18,453 $26,268 $414 $2,396
2006 $15,259 $23,914 $431 $2,454
2005 $13,442 $22,115 $461 $2,496
2004 $11,783 $20,988 $470 $2,591
2003 $9,852 $19,604 $468 $2,708
2002 $8,101 $18,344 $525 $3,238
2001 $6,669 $17,709 $566 $3,533
2000 $6,063 $16,332 $563 $3,429
1999 $6,378 $15,494 $582 $3,491
1998 $6,527 $15,064 $552 $3,527
1997 $6,069 $14,911 $751 $3,457
1996 $6,573 $14,781 $767 $3,372
1995 $5,865 $13,957 $648 $3,051
1994 $4,663 $12,862 $634 $3,012
1993 $3,984 $12,242 $605 $2,703
1992 $3,397 $11,963 $631 $2,651
1991 $2,917 $11,768 $831 $2,930
1990 $3,969 $12,848 $867 $2,757
1989 - - $840 -
1988 - - $816 -
1987 - - $726 -
1986 - - $693 -
1985 - - $649 -
1984 - - $757 -
1983 - - $959 -
1982 - - $1,096 -
1981 - - $1,069 -
1980 - - $949 -
1979 - - $779 -
1978 - - $665 -
1977 - - $677 -
1976 - - $687 -
1975 - - $717 -
1974 - - $674 -
1973 - - $579 -
1972 - - $483 -
1971 - - $406 -
1970 - - $361 -
1969 - - $346 -
1968 - - $302 -
1967 - - $294.4 -
1966 - - $278.7 -
1965 - - $294.3 -
1964 - - $281.9 -
1963 - - $277.1 -
1962 - - $275.7 -
1961 - - $279.2 -
1960 - - $276.6 -

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

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

The Czech Republic's GDP per capita is $31,823, ranking 39/197, compared to $2,497 in Zimbabwe, ranking 148/197. Adjusted for purchasing power (GDP per capita PPP), the Czech Republic ranks 35th at $57,285, while Zimbabwe ranks 154th at $5,928.

Economic indicators

Czech Republic Zimbabwe
Gross domestic product
$347B
2024
$41.5B
2024
GDP rank
44/197
2024
102/197
2024
GDP growth
1.23%
2023-2024
1.74%
2023-2024
GDP per capita
$31,823
2024
$2,497
2024
GDP per capita rank
39/197
2024
148/197
2024
GDP per capita, PPP
$57,285
2024
$5,928
2024
GDP per capita PPP rank
35/197
2024
154/197
2024
Government debt
$150B
2024
$30.3B
2024
Debt-to-GDP ratio
43.3%
2024
73%
2024
Government debt per person
$13,792
2024
$1,824
2024
Government debt per person rank
43/185
2024
121/185
2024
Average annual personal income after taxes
$22,139
2026
$2,897
2026
Market capitalization of domestic companies
$34.6B
2024
$2.46B
1999
Number of billionaires
11
2025
1
2025
Income share by richest 10%
21.5%
2023
40.5%
2019
Income share by poorest 10%
3.8%
2023
1.9%
2019
Government expenditure, % of GDP
42.8%
2024
12.9%
2024
Consumer prices inflation
2.44%
2023-2024
736%
2023-2024
Central bank interest rate
3.5%
2025
35%
2024
Unemployment rate
2.6%
2024
12.1%
2024
Population
10649126
17361868

Spending and national debt comparison by year

Czech Republic
Spending

Debt
Zimbabwe
Spending

Debt
1x
Year % of GDP
Czech Republic Zimbabwe
Government spending Government debt Government spending Government debt
2024 42.8% 43.3% 12.9% 73%
2023 43.7% 42.2% 15.5% 76.1%
2022 43% 42.5% 14.4% 66.8%
2021 45% 40.7% 12.8% 39.9%
2020 46.3% 36.9% 9.27% 56.8%
2019 40.4% 29.6% 9.36% 53.9%
2018 40.1% 31.7% 13.9% 33%
2017 38.5% 33.8% 19.8% 49%
2016 39.4% 36.2% 16.6% 35.1%
2015 41.7% 39.5% 14.7% 34.1%
2014 42.3% 41.5% 14.1% 29.2%
2013 42.4% 44.1% 14.7% 26.4%
2012 44.4% 43.8% 14.6% 27.2%
2011 42.8% 39.4% 16.2% 30%
2010 43.2% 36.7% 12.8% 33.2%
2009 44.5% 33.4% 7.93% 39.7%
2008 40.9% 28.2% 2.54% 41.3%
2007 40.5% 27.3% 3.43% 30.2%
2006 41.5% 27.6% 5.72% 26.7%
2005 42.3% 27.7% 10.5% 22.4%
2004 42.2% 28.3% - -
2003 49% 28.1% - -
2002 44.4% 25.7% - -
2001 43.1% 22.6% - -
2000 40.6% 16.9% - -
1999 40.9% 15.1% - -
1998 41.6% 13.9% - -
1997 41.3% 12.1% - -
1996 41.4% 11.5% - -
1995 52.8% 13.5% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20).

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

In 2024, the Czech Republic's government spending was $148B, accounting for 42.8% of its GDP, while Zimbabwe spent $5.37B, or 12.9% of GDP.

Debt-to-GDP ratio is 43.3% in the Czech Republic and 73% in Zimbabwe, ranking 124/185 and 50/185, respectively.

Government deficit by year

Deficit/surplus
Czech Republic

Zimbabwe
1x
Year Deficit/surplus, % of GDP
Czech Republic Zimbabwe
2024 -1.99% -1.06%
2023 -3.73% -3.9%
2022 -3.07% -3.3%
2021 -4.95% -2.24%
2020 -5.65% -0.34%
2019 0.28% -1.72%
2018 0.88% -3.81%
2017 1.46% -7.37%
2016 0.68% -4.63%
2015 -0.67% -1.45%
2014 -2.09% -0.71%
2013 -1.3% -0.69%
2012 -3.92% -0.13%
2011 -2.71% -1.72%
2010 -4.14% -0.11%
2009 -5.46% -1.39%
2008 -2% -1.2%
2007 -0.68% -1.67%
2006 -2.19% -1.4%
2005 -3.06% -3.46%
2004 -2.4% -
2003 -6.87% -
2002 -6.34% -
2001 -5.76% -
2000 -3.55% -
1999 -3.08% -
1998 -4.14% -
1997 -3.14% -
1996 -2.98% -
1995 -12.3% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20).

GeoRank.org/economy/czech-republic/zimbabwe | 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 Zimbabwe's deficit of $438M, or 1.06% of GDP.

Over the past 20 years, the Czech Republic recorded a fiscal deficit in 16 of those years, while Zimbabwe ran a deficit in 20 years. On average, the Czech Republic posted an annual deficit equal to 2.21% of GDP, compared to deficit of 2.11% of GDP for Zimbabwe.

Inflation comparison by year

Inflation
Czech Republic

Zimbabwe
1x
Year Consumer prices inflation
Czech Republic Zimbabwe
2024 2.44% 736%
2023 10.7% 667%
2022 15.1% 193.4%
2021 3.84% 98.5%
2020 3.16% 557%
2019 2.85% 255.3%
2018 2.15% 10.6%
2017 2.45% 0.9%
2016 0.68% -1.6%
2015 0.31% -2.4%
2014 0.34% -0.2%
2013 1.44% 1.6%
2012 3.29% 3.7%
2011 1.92% 3.5%
2010 1.47% 3%
2009 1.02% 6.2%
2008 6.36% 157%
2007 2.85% -72.7%
2006 2.53% 33%
2005 1.86% -31.5%
2004 2.76% 113.6%
2003 0.12% -8.6%
2002 1.9% -34.4%
2001 4.66% -37.2%
2000 3.78% 4.5%
1999 2.14% -13.4%
1998 10.7% -28%
1997 8.6% -1%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, the Czech Republic has recorded an average annual inflation rate of 3.62%, compared with 93.4% in Zimbabwe. In 2024, inflation was 2.44% in the Czech Republic and 736% in Zimbabwe.

Top exports between countries

Czech Republic
Export category Export value
Machinery & equipment $682K
Textiles & consumer goods $248K
Raw materials & minerals $169K
Chemicals & pharma $37K
Raw agricultural goods $21K
Wood & paper products $21K
Miscellaneous $8K
Processed food, beverages & tobacco $7K
Metals $2K
Animal & marine products $1K
Zimbabwe
Export category Export value
Machinery & equipment $14K
Precious metals & jewellery $13K
Processed food, beverages & tobacco $7K

Balance of trade

Czech Republic Zimbabwe
Current account balance
$6.05B
2024
$501M
2024
Current account balance ranking
31/190
2024
62/190
2024
Current account balance, % of GDP
+1.74%
2024
+1.21%
2024
Goods imports
$179B
2024
$9.06B
2024
Goods exports
$197B
2024
$7.79B
2024
Service imports
$38B
2024
$1.66B
2024
Service exports
$42.5B
2024
$457M
2024
Imports of goods and services, % of GDP
62.6%
2024
23.4%
2024
Exports of goods and services, % of GDP
68.9%
2024
18%
2024

Economic freedom indices

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

Czech Republic Zimbabwe
Economic freedom 73.2 35.2
Economic freedom ranking 25/197 190/197
Property rights 89.8 19.4
Government integrity 64.7 20.7
Judicial effectiveness 92.1 16.8
Tax burden 78.8 73.6
Government spending 44.2 93.9
Fiscal health 82.5 52.4
Business freedom 76.8 42
Labor freedom 55.1 33.3
Monetary freedom 75 0
Trade freedom 79.4 50.4
Investment freedom 70 10
Financial freedom 70 10

Economic freedom comparison by year

Czech Republic
Zimbabwe
1x
Year Economic freedom index
Czech Republic Zimbabwe
2026 73.2 35.2
2025 72.9 35.1
2024 70.2 38.2
2023 71.9 39
2022 74.4 33.1
2021 73.8 39.5
2020 74.8 43.1
2019 73.7 40.4
2018 74.2 44
2017 73.3 44
2016 73.2 38.2
2015 72.5 37.6
2014 72.2 35.5
2013 70.9 28.6
2012 69.9 26.3
2011 70.4 22.1
2010 69.8 21.4
2009 69.4 22.7
2008 68.1 29.5
2007 67.4 32
2006 66.4 33.5
2005 64.6 35.2
2004 67 34.4
2003 67.5 36.7
2002 66.5 36.7
2001 70.2 38.8
2000 68.6 48.7
1999 69.7 47.2
1998 68.4 44.6
1997 68.8 48
1996 68.1 46.7
1995 67.8 48.5

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

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

The Economic Freedom Index for the Czech Republic is 73.2, ranking 25/197, compared to 35.2 for Zimbabwe, ranking 190/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Czech Republic Zimbabwe
Services, % of GDP
60.2%
2024
50.6%
2024
Industry, % of GDP
29.2%
2024
35%
2024
Agriculture, forestry, and fishing, % of GDP
1.9%
2024
8.69%
2024
GNI, Atlas method
$322B
2024
$39.9B
2024
GNI per capita, PPP
$54,800
2024
$5,870
2024
Total reserves including gold
$146B
2024
$485M
2024
Total reserves ranking
22/177
2024
157/177
2024
Net foreign direct investment
-$1.87B
2024
-$465M
2024
Net inflows of foreign direct investment
$13.1B
2024
$465M
2024
Net outflows of foreign direct investment
$11.2B
2024
$131M
2024
Servicing debt to the IMF, % of GNI n/a
3.44%
2024
Poverty at national poverty lines
10.2%
2021
38.3%
2019
Gross capital formation, % of GDP
26.3%
2024
8.85%
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/zimbabwe | 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 (1995–2024, 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. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. 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.