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Czech Republic

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Country summary

Capital

Prague

Borders

Austria 362 km, Germany 815 km, Poland 615 km, Slovakia 197 km

Government type

parliamentary democracy

Population

10,211,904 (July 2010 est.)[1]

Population growth %

-0.08 (2010 est.)[1]

Life expectancy

76.81 years[1]

Unemployment

8.1% (2009 est.)[1]

Index of Economic Freedom

34[2]

Corruption Perceptions Index

52[3]

Doing Business ranking

74[4]


Following the First World War, the closely related Czechs and Slovaks of the former Austro-Hungarian Empire merged to form Czechoslovakia. During the interwar years, the new country's leaders were frequently preoccupied with meeting the demands of other ethnic minorities within the republic, most notably the Sudeten Germans and the Ruthenians (Ukrainians). After World War II, a truncated Czechoslovakia fell within the Soviet sphere of influence. In 1968, an invasion by Warsaw Pact troops ended the efforts of the country's leaders to liberalize Communist party rule and create "socialism with a human face." Anti-Soviet demonstrations the following year ushered in a period of harsh repression. With the collapse of Soviet authority in 1989, Czechoslovakia regained its freedom through a peaceful "Velvet Revolution." On 1 January 1993, the country underwent a "velvet divorce" into its two national components, the Czech Republic and Slovakia. The Czech Republic joined NATO in 1999 and the European Union in 2004.[1]

Economical characteristics Edit

  • Currency: Czech koruna (ISO code: CZK)
  • Central bank discount rate: 0.25% (31 December 2009)[1]
  • Commercial banks lending rate: 6.25% (31 December 2008)[1]
  • Stock of money (M1): $86.56 billion (31 December 2008)[1]
  • Quasi money (with M1 makes M2): $58.69 billion (31 December 2008)[1]
See also: Inflations in History#The kipper and wipper inflation in the Habsburg lands

StatisticsEdit

Statistic / Year 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
GDP (million USD)[5] 60 192 56 721 61 842 75 276 91 358 109 525 124 549 142 611 174 215 215 500
Govt. debt (% of GDP)[6] 11.729 13.705 15.484 16.071 19.055 20.926 23.014 24.666 25.063 26.576
Govt. revenue (% of GDP)[7] 30.005 30.466 31.812 31.581 32.456 31.663 31.548 30.680 31.165 31.432
Govt. expenses (% of GDP)[8] 31.242 33.394 35.389 37.268 37.300 35.288 35.705 35.554 33.716 34.133
Debt to revenue (years) 0.391 0.450 0.487 0.509 0.587 0.661 0.730 0.804 0.804 0.846

ReferencesEdit

Note: statistical data was rounded. Different sources may use different methodologies for their estimates. Debt to revenue is calculated by dividing the two variables from their original ('unrounded') values. It represents how long it would a government take to repay its entire debt if it used its whole revenue for this purpose.

  1. 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 CIA - The World Facebook. "Czech Republic", from The World Facebook. Referenced 2010-09-21.
  2. Heritage Foundation. "Czech Republic", Economic Freedom Score. A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-09-21.
  3. Transparency International. "Czech Republic", Corruption Perceptions Index 2009. A lower ranking is better; but please note that the numbers cannot be compared between countries or years due to different methodology. Referenced 2010-09-21.
  4. Doing Business. "Czech Republic", Doing Business 2010 (part of The World Bank Group). A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-09-21.
  5. World Bank. "Czech Republic: GDP", from World Bank Data. Referenced 2010-09-21.
  6. World Bank. "Czech Republic: government debt", from World Bank Data. Referenced 2010-09-21.
  7. World Bank. "Czech Republic: government revenue", from World Bank Data. Referenced 2010-09-21.
  8. World Bank. "Czech Republic: government expenses", from World Bank Data. Referenced 2010-09-21.

External linksEdit

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