IMD World Competitiveness Booklet 2021

COMPETITIVENESS TRENDS - OVERALL CZECH REPUBLIC

OVERALL PERFORMANCE (64 countries)

BASIC FACTS Capital Land area (square km '000)

Rank

Prague

2017 2018 2019 2020 2021

79 2020

23.210 2020 10.70 2020 243.5 2020 40,583 2020 -6.0 2020 3.16 2020 3.10 2020 5.38 2020 0.33 2020 170.7 2019 4.29 2019

Exchange Rate (per $)

28

29

33

33

34

37

Population - market size (millions)

CHALLENGES IN 2021 Development of global economy and German economy in particular. • Development of global economy and German economy in particular. • Speed-up of the anti COVID-19 vaccination rate and avoiding mutations. • Introduction of new technology as a solution to economic transformation. • Maintaining high level of economic freedom in the post COVID- 19 times. • Development of a working political consensus after 2021 general elections.

42

Gross Domestic Product (GDP) (US$ billions)

28

GDP (PPP) per capita (US$)

42

Real GDP growth (%)

51

Consumer price inflation (%)

5

Unemployment rate (%)

36

Labor force (millions)

38

Current account balance (% of GDP)

31

Direct investment stocks inward ($bn)

Consumer Forum (Spotřebitelské fórum) Provided by: Consumer Forum (Spotřebitelské fórum)

13

Direct investment flows inward (% of GDP)

COMPETITIVENESS LANDSCAPE

Economic Performance

Government Efficiency

Business Efficiency

Infrastructure

Domestic Economy

International Trade

International Investment Employment Prices

Public Finance

Tax Policy

Institutional Framework Business Legislation

Societal Framework

Productivity & Efficiency Labor Market Finance

Management Practices

Attitudes and Values

Basic Infrastructure

Technological Infrastructure Scientific Infrastructure

Health and Environment Education

9

16

24

25

25

26

30

31

32

33

35

35

36

37

39

41

41

43

49

50

PEER GROUPS RANKINGS EUROPE - MIDDLE EAST - AFRICA (41 countries)

POPULATIONS < 20 MILLION (35 countries)

2017 2018 2019 2020 2021

2017 2018 2019 2020 2021

18

18

19

17

18

20

22

22

21

21

65

IMD WORLD COMPETITIVENESS BOOKLET 2021