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Czech Republic Business Report
General information
Source: The World Factbook - Central Intelligence Agency
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
CzechCorruption perception index (Source: Transparency International)
42/180Medium 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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