As
per International Monetary Fund (IMF) Czech Republic’s nominal gross domestic
product is expected to grow at a CAGR of 3.96% from it’s 2015 level of CZK
4554.62 billion and reach CZK 5976.82 billion by 2022.
The
Czech Republic is a landlocked country in Central Europe. The country is
bordered by Czech Republic to the west, Austria to the south, Slovakiato the
east and Poland to the north. Its capital and largest city, with 1.3 million
inhabitants, is Prague. The nation and its economy, however, are expected to
ride through the rough patch on the virtue of its pace of economic growth and
huge potential in sectors such as energy, automotive, and retail. Rebound in
the growth of exports will further sustain economic growth.
Czech
Republics had estimated population of 10.554 million in the year 2016 and
expected to reach 10.688 million by 2022. Czech Republics 5.118 million
population was employed in 2016 and the unemployment rate was 4% of total labor
force.
Czech
Republics real gross domestic product (GDP) was around CZK 4377.83 billions in
2016 whereas the nominal GDP was CZK 4716.14 billions. This resulted in GDP
deflator 107.728. Per capita GDP was estimated at USD 18286.33 whereas
purchasing power parity (PPP) based per capita GDP was estimated to be at USD
33231.52.
In
2016, Czech Republic governments revenue was CZK 1926.86 billions whereas the
expenditure was CZK 1918.82 billions. This resulted German governments net
lending / borrowing at CZK 8.031 billion in 2016 indicating that enough
financial resources were made available by the government to boost economic
growth.
The
current account balance for Czech Republic was estimated to be at USD 2.152
billions for the year 2016 and is expected to decline at a CAGR of 202.65% and
reach USD 2.02 by 2022. This negative current account balance indicates the Czech
Republic by 2022 will become is net borrower from the whole world.
Scope of the Czech Republic PESTEL Analysis, SWOT Analysis
and Risk Analysis Market Research Reports
- These reports provide information about key macroeconomic indicators for Czech Republic.
- These reports provide PESTELE (political, economic, social, technological, environmental and legal) analysis for Czech Republic.
- These reports provide SWOT (strengths, weaknesses, opportunities and threats) analysis for Czech Republic.
- These reports provide risk analysis for Czech Republic.
For
more information and to purchase Czech
Republic PESTEL Analysis Market Research Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/czech-republic-pestel-analysis-market-research-report
For
more information and to purchase Czech
Republic SWOT Analysis Market Research Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/czech-republic-swot-analysis-market-research-report
For
more information and to purchase Czech
Republic Risk Analysis Market Research Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/czech-republic-risk-analysis-market-research-report
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