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Czech Republic Real GDP

Czech Republic's real GDP rose to $222.48 billion in 2024, up from $220.02 billion in 2023, according to World Bank. This represents an increase of 1.1% ($2.47 billion) from the previous year and accounts for 0.23% of the world's total real GDP. The Czech Republic has real GDP higher than the global median ($222.48 billion vs median $29.34 billion). Compared with the median in Europe, the Czech Republic is higher ($222.48 billion vs regional median $78.54 billion) and ranks 21st out of 47 countries in Europe.

Czech Republic's GDP per capita rose to $20,444.54 in 2024, up from $20,251.75 in 2023.

Yearly Historical Data (1990-2024)

(in Billion USD)
Year Real GDP (Billion USD)
2024 222.48
2023 220.02
2022 220.14
2021 214.04
2020 205.75
2019 217.28
2018 209.8
2017 204.02
2016 193.99
2015 189.11
2014 180.17
2013 176.22
2012 176.29
2011 177.66
2010 174.57
2009 169.95
2008 178.52
2007 173.97
2006 164.92
2005 154.68
2004 145.41
2003 138.83
2002 134.4
2001 132.39
2000 128.64
1999 123.68
1998 122
1997 122.48
1996 123.21
1995 118.28
1994 111.35
1993 108.21
1992 108.14
1991 108.69
1990 122.97
Czech Republic Real GDP : Definition
Real GDP is defined as the value of all goods and services produced in Czech Republic, measured in US dollars adjusted to 2015 prices. By fixing prices to a base year, it removes the effect of inflation, so this represents real GDP rather than nominal GDP.
Indicator Last Value Prior Value Period
GDP $345.04B $343.21B 2024
GDP Annual Growth Rate 1.12% -0.06% 2024
GDP Growth Rate (QoQ) 0.5% 0.7% Jun'25
GDP Growth Rate (YoY) 2.6% 2.4% Jun'25
GDP per Capita $20,444.54 $20,251.75 2024
GDP per Capita PPP $47,961.81 $47,509.52 2024
R&D Expenditure (% GDP) 1.96% 2% 2022