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What is the economy of the Czech Republic?
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The economy of the Czech Republic is a developed export-oriented social market economy based in services, manufacturing, and innovation that maintains a high-income welfare state and the European social model.
The Czech Republic is a unitary parliamentary republic and developed country with an advanced, high-income social market economy. It is a welfare state with a European social model, universal health care and free-tuition university education. It ranks 32nd in the Human Development Index.
The economy of the Czech Republic is a developed export-oriented social market economy based in services, manufacturing, and innovation that maintains a high-income welfare state and the European social model.
Prague's economy accounts for 25% of the Czech GDP making it the highest performing regional economy of the country. As of 2021, its GDP per capita in purchasing power standard is €58,216, making it the third best performing region in the EU at 203 per cent of the EU-27 average in 2021.
3 days ago · The economy of the Czech Republic, on the other hand, was relatively diversified and stable, reflecting both a more amenable geography and the historic predominance of Czechs in the federal administration.
Nov 17, 2020 · The economy of the Czech Republic is thriving, growth is high, unemployment rate is low and fiscal stance is positive. Strong demand from the external sector and household consumption boosted by high increases in wages are driving growth.
Mar 30, 2023 · The Czech economy remains highly energy intensive, still relies heavily on coal and records high greenhouse gas emissions. Major investments are needed to alter the energy mix and to improve energy efficiency. More ambitious environmental policies and an improved investment climate could help make growth more sustainable. Executive Summary.
