The Czech Republic is a small state in the central part of Europe. Its capital is Prague. It borders with Poland, Austria, Germany, Slovakia. The city of Prague is known as an important center of tourism. The Czech Republic appeared recently. This happened in 1993 during the collapse of Czechoslovakia. The economy of the state is well developed and based on industrial production.
Natural conditions
The Czech Republic is in favorable natural and climatic conditions. Occupying an area of only 78.9 thousand km², the country has a diverse landscape. It is mostly lowland. Rivers flow here, flowing into completely different seas: the Black, B altic and Northern.
The climate is moderately mild, somewhere dominated by the sea, and somewhere continental. Summers are not hot, winters are wet and cool with a predominance of cloudy weather. A large amount of snow favors the work of ski resorts.
Landscapes of the Czech Republic are low-mountain, mountain-forest and mountain-meadow. Juicy green grass makes it possible to raise cattle.
Economy
The country's economy is based on industry. Enterprises of the chemical, metallurgical, machine-building and fuel and energy complexes operate here. There is also food and other industries. The Czech economy is characterized by stability and success. This is due to the functioning of various industrial productions. Agriculture plays a smaller role in it.
GDP of the Czech Republic
Despite the development of the economy, the small size of the country leads to relatively low GDP figures. The nominal GDP of the Czech Republic with a population of 10.2 million is 238 billion US dollars, which corresponds to 49th place in the world. The size of GDP in terms of PPP is 368.7 billion dollars - this is 50th place in the world.
GDP of the Czech Republic per capita is 22,468 thousand dollars, which is equal to 41st place in the world. The gross domestic product per capita at PPP is 36,784 thousand US dollars and ranks 39th in the world.
In 2018, Czech GDP growth was 2.3%.
Other economic indicators
The public debt of the Czech Republic is 43.9% of the country's GDP. Based on one inhabitant, it is equal to 8.3 thousand US dollars. Inflation is 3.3% per year (according to other sources - 2.2%). The volume of exports is 134.1 billion dollars, and imports - 129. The trade balance is 5.1 billion. The unemployment rate in the country is 8.6%.
Automotive manufacturing
The Czech Republic has a long tradition in the automotive industry. Every year over 1.3 millioncars. Mostly these are passenger cars. The main manufacturer is Skoda Auto. The positions of the automotive industry are even stronger only in Slovakia, which used to form one state with the Czech Republic and played a significant role in the production of cars.
Extractive industry
The main minerals of this country is coal of various types. Most of all brown coal is mined - 46,848 thousand tons in 2011. Hard coal is extracted much less (10,967 thousand tons in 2011). Oil and gas production is much lower (163 and 187 thousand tons, respectively, in 2011). Most likely, now the extraction of minerals will be less due to their gradual depletion and tightening of environmental regulations.
Czech agriculture
The country grows grain, fruits, grapes of different varieties, potatoes, sugar beets. Potatoes are very important in Czech cuisine and even at Christmas they can prepare potato salad.
Livestock is represented by cattle (beef and dairy), pigs, poultry.
Conclusion
Thus, the Czech economy has a good performance, although far from a record. It is dominated by industrial production, especially cars. Economic indicators are growing all the time, including GDP. It is noteworthy that earlier this country was part of the socialist camp, and then quickly adapted to market conditions and achieved great success.
