The Czech Republic is a small state in the central part of Europe. Its capital is Prague. Borders on 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 state economy is well developed and is based on industrial production.
Natural conditions
The Czech Republic is in favorable climatic conditions. Covering an area of only 78.9 thousand km², the country has a diverse landscape. Basically, it is low mountain. Here, rivers flow into completely different seas: the Black, Baltic and North.
The climate is moderately mild, somewhere dominated by the sea, and somewhere continental. Summer is not hot, winters are wet and cool with cloudy weather prevailing. A large amount of snow favors the work of ski resorts.
The landscapes of the Czech Republic are low-mountain, mountain-forest and mountain meadow. Juicy green grass makes it possible to grow cattle.
Economy
The country's economy is based on industry. The enterprises of the chemical, metallurgical, engineering and fuel and energy complexes work here. There is also food and other industries. The Czech economy is stable and successful. This is due to the functioning of a variety of industrial enterprises. Agriculture plays a lesser role in it.
Czech GDP
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 people is equal to 238 billion US dollars, which corresponds to 49th place in the world. GDP at PPP is $ 368.7 billion - this is the 50th place in the world.
Czech GDP per capita is equal to 22,468 thousand dollars, which is equal to 41 place in the world. PPP per capita gross domestic product is 36.784 thousand US dollars and is at 39th place in the world.
In 2018, Czech Republic GDP growth amounted to 2.3%.
Other economic indicators
Czech public debt is 43.9% of the country's GDP. Based on one resident, 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, and of imports is 129. The trade balance is 5.1 billion. The country's unemployment rate is 8.6%.
Car manufacturing
The Czech Republic has a long tradition in the automotive industry. Over 1.3 million cars are produced here every year. These are mainly cars. The main manufacturer is Skoda Auto. The automotive industry is 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.
Mining industry
The main mineral resources of this country is coal of various types. Brown coal is extracted most of all - 46 848 thousand tons in 2011. Much coal is extracted much less (10 967 thousand tons in 2011). Oil and gas production is much lower (163 and 187 thousand tons, respectively, for 2011). Most likely, now mining will be less due to their gradual depletion and tightening of environmental standards.
Czech Agriculture
The country grows grain, fruits, grapes of different varieties, potatoes, sugar beets. Potatoes are of great importance in Czech cuisine and even for Christmas they can prepare potato salad.
Livestock is represented by cattle (meat and dairy), pigs, poultry.
Conclusion
Thus, the Czech economy has good indicators, although far from record ones. It is dominated by industrial production, especially automobiles. 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.