IMD World Competitiveness Booklet 2023

Czech Republic Competitiveness Trends – Overall

OVERALL PERFORMANCE (64 countries)

BASIC FACTS

Rank

2019

2020

2021

2022

2023

Capital Land area (square km '000)

Prague

79 2022

18

23,357 2022

Exchange rate (per $)

26

10,53 2022 35 290,3 2022 40 48.882 2022 33 2,5 2022 47 15,10 2022 56 2,20 2022 05 5,12 2022 36 -5,98 2022 54 200,6 2021 30 2,70 2021 34

33

33

34

Population - market size (millions)

Gross Domestic Product (GDP) (US$ billions)

CHALLENGES IN 2023

GDP (PPP) per capita (US$)

• The geopolitical situation and its impact on energy markets. • High interest rates and their impact on firms and households. • Socioeconomic impact of inflation. • Adoption of hundreds of thousands of refugees from Ukraine. • Limited certainty for investors due to unpredictable future environmental regulation. PROVIDED BY: Consumer Forum (Spot ř ebitelské fórum)

Real GDP growth (%)

Consumer price inflation (%)

Unemployment rate (%)

Labor force (millions)

Current account balance (% of GDP)

Direct investment stocks inward ($bn)

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 & Values

Basic Infrastructure

Technological Infrastructure Scientific Infrastructure

Health & Environment Education

7

11

15

16

20 21 17

19

20

20

23 25

24 23

24

25

31

35

37

37

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

POPULATIONS < 20 MILLION (37 countries)

2019

2020

2021

2022

2023

2019

2020

2021

2022

2023

13

14

18

19

19

20

21

21

22

22

70 Competitiveness Country Profiles