This Survey is published on the responsibility of the Economic and Development Review Committee of the OECD, which is charged with the examination of the economic situation of member countries.

The economic situation and policies of the Czech Republic were reviewed by the Committee on 28 April 2016. The draft report was then revised in the light of the discussions and given final approval as the agreed report of the whole Committee on 13 May 2016.

The Secretariat's draft report was prepared for the Committee by Falilou Fall and Christine Lewis under the supervision of Mr. Andreas Wörgötter. The draft has benefitted from valuable background research by Martin Hronza and Zdenek Pikhart, seconded from the Ministry of Industry and Trade and Ministry of Finance respectively. Research assistance was provided by Corinne Chanteloup and Béatrice Guerard. Heloise Wickramanayake formatted and produced the layout. The previous Survey of the Czech Republic was issued in March 2014.

Information about the latest as well as previous Surveys and more information about how Surveys are prepared is available at www.oecd.org/eco/surveys.

  
BASIC STATISTICS OF CZECH REPUBLIC, 2015
(Numbers in parentheses refer to the OECD average)*

LAND, PEOPLE AND ELECTORAL CYCLE

Population (million)

10.5

Population density per km²

133.5

(35.1)

Under 15 (%)

15.2

(18.0)

Life expectancy (years, 2013)

78.3

(80.4)

Over 65 (%)

18.1

(16.3)

Men

75.2

(77.8)

Foreign-born (%, 2011)

7.1

Women

81.3

(83.0)

Latest 5-year average growth (%)

0.03

(0.60)

Latest general election

October

2013

ECONOMY

Gross domestic product (GDP)

Value added shares (%, 2014)

In current prices (billion USD)

182.0

Primary sector

2.7

(2.5)

In current prices (billion CZK)

4 475.8

Industry including construction

38.0

(26.4)

Latest 5-year average real growth (%)

1.4

(1.7)

Services

59.3

(71.1)

Per capita (000 USD PPP)

33.7

(40.4)

 

GENERAL GOVERNMENT

Per cent of GDP

Expenditurea

42.6

(42.3)

Gross financial debt (2014)

57.5

(118.7)

Revenuea

42.1

(38.5)

Net financial debt (2014)

20.4

(76.0)

EXTERNAL ACCOUNTS

Exchange rate (CZK per USD)

24.6

Main exports (% of total merchandise exports)

PPP exchange rate (USA = 1)

12.6

Machinery and transport equipment

55.7

In per cent of GDP

Manufactured goods

15.9

Exports of goods and services

84.6

(54.1)

Miscellaneous manufactured articles

12.1

Imports of goods and services

78.2

(49.6)

Main imports (% of total merchandise imports)

Current account balance

0.9

(0.07)

Machinery and transport equipment

45.4

Net international investment position (2014)

-32.4

Manufactured goods

17.3

Chemicals and related products, n.e.s.

11.3

LABOUR MARKET, SKILLS AND INNOVATION

Employment rate for 15-64 year-olds (%)

70.2

(66.2)

Unemployment rate, Labour Force Survey (age 15 and over) (%)

5.0

(6.8)

Men

77.9

(74.1)

Youth (age 15-24, %)

12.6

(13.9)

Women

62.4

(58.5)

Long-term unemployed (1 year and over, %, 2014)

2.7

(2.5)

Participation rate for 15-64 year-olds (%, 2014)

73.5

(71.2)

Tertiary educational attainment 25-64 year-olds (%, 2014)

21.5

(33.5)

Average hours worked per year (2014)

1 776

(1 770)

Gross domestic expenditure on R&D (% of GDP, 2014)

2.0

(2.4)

ENVIRONMENT

Total primary energy supply per capita (toe, 2014)

3.9

(4.1)

CO2 emissions from fuel combustion per capita (tonnes, 2013)

9.6

(9.6)

Renewables (%)

8.5

(9.1)

Water abstractions per capita (1 000 m3, 2014)

0.2

Fine particulate matter concentration (PM2.5, μg/m3, 2013)

16.6

(13.8)

Municipal waste per capita (tonnes, 2014)

0.3

(0.5)

SOCIETY

Income inequality (Gini coefficient, 2012)

0.256

(0.308)

Education outcomes (PISA score, 2012)

Relative poverty rate (%, 2012)

5.3

(10.9)

Reading

493

(496)

Median disposable household income (000 USD PPP, 2012)

15.1

(22.1)

Mathematics

499

(494)

Public and private spending (% of GDP)

Science

508

(501)

Health care (2013)

7.1

(8.9)

Share of women in parliament (%, February 2016)

19.6

(27.8)

Pensions (2011)

9.6

(8.7)

Net official development assistance (% of GNI)

0.12

(0.39)

Education (primary, secondary, post sec. non tertiary, 2012)

2.8

(3.7)

 

Better life index www.oecdbetterlifeindex.org

* Where the OECD aggregate is not provided in the source database, a simple OECD average of latest available data is calculated where data exist for at least 29 member countries.

a. 2014 for the OECD aggregate.

Source: Calculations based on data extracted from the databases of the following organisations: OECD, International Energy Agency, World Bank, International Monetary Fund and Inter-Parliamentary Union.