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Czech Republic Business Report

General information
Source: The World Factbook - Central Intelligence Agency
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Population
10,674,723 (July 2017 est.)
GDP (PPP)
$375.7 billion (2017 est.)

GDP growth rate
4.3% (2017 est.)

Very healthy and quite stable growth rate

GDP (PPP) per capita
$35,500 (2017 est.)

Medium to high

Local currency
Koruny (CZK)

Quite stable currency

Financial stability (Public debt)
34.7% of GDP (2017 est.)

Medium but decreasing

Inflation
2.4% (2017 est.)

Medium and accelerating

Language
Czech

Corruption perception index (Source: Transparency International)
42/180

Medium to high level of corruption

Duties and tax
Source: PwC World Tax Summaries 2017-2018
VAT

21% standard rate Reduced rates of 15% and 10% apply to certain goods (groceries, medicines, etc)
Corporate Tax

19% standard rate
Duties

EU rules apply

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