Five major regions in Czech Republic generated around 63% of the country’s GDP and comprised 55% of the country’s population, as of 2016.
Mining, manufacturing and utilities contributed 32.1% to the gross value added (GVA) in 2017, followed by Financial intermediation, real estate and business activities (19.3%) and Wholesale, retail and hotels (13%). In nominal terms, the three sectors are expected to grow by 2.5%, 4.9% and 3.5% respectively in 2018.
- The government has planned the construction of the Czech motorway network, expected to be completed by 2050
- PX index exhibits a moderately upward trend over the past year. As of August 17th, 2018, it stood at 1,058.1, compared to 1,037.5 on August 17th, 2017
- As per World Bank’s logistics performance index (LPI), transport and logistic infrastructure in Czech Republic developed over the last two years with an improvement in rank from 26th in 2016 to 22nd in 2018, out of 160 countries.
PESTLE Insights: Czech Republic - Macroeconomic Outlook Report $ 500 September 2018