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Czech Republic Debt to GDP Ratio

The Czech Republic's Debt to GDP ratio increased to 43.3% in 2024 from 42.2% in 2023. Nominal debt growth contributed 3.2 percentage points to this rise while nominal GDP growth reduced the ratio by 2.1 percentage points. The government sector had a deficit of CZK 177.2 billion and nominal debt grew by CZK 258.1 billion year-on-year. Increased capital expenditure on defence, up 152%, added to fiscal pressures. Czech Republic's record low Debt to GDP Ratio was 30% in 2019 and record high was 44.2% in 2022.

Yearly Historical Data (2015-2024)

(in %)
Year Debt to GDP Ratio
2024 43.3%
2023 42.2%
2022 44.2%
2021 42%
2020 37.7%
2019 30%
2018 32.1%
2017 34.2%
2016 36.6%
2015 39.7%
Czech Republic Debt to GDP Ratio : Definition
The Czech Republic government debt to GDP ratio compares the general government's total gross debt to the nation's Gross Domestic Product. It is calculated by dividing the total debt by the nominal GDP, expressed as a percentage. This indicates the debt burden relative to economic output.
Indicator Last Value Prior Value Period
Current Account to GDP Ratio 1.8% -0.1% Dec'24
Interest Rate 3.5% 3.5% Sep'25
Private Credit (% GDP) 48.31% 47.98% 2024