Names: conventional long form: Czech Republic conventional short form: Czech Republic local long form: Ceska Republika local short form: Cesko
Capital City: Prague
Population: 10,235,455 (July 2006 est.)
GDP Per Capita: $21,600 (2006 est.)
Currency: Czech koruna (CZK)
Languages: Czech
Total Area: total: 78,866 sq km land: 77,276 sq km water: 1,590 sq km slightly smaller than South Carolina
Region: Europe
Industries: metallurgy, machinery and equipment, motor vehicles, glass, armaments
Agriculture: wheat, potatoes, sugar beets, hops, fruit; pigs, poultry
Resources: hard coal, soft coal, kaolin, clay, graphite, timber
Labor Force:
5.31 million (2006 est.)
agriculture: 4.1% industry: 37.6% services: 58.3% (2003)
Exports:
$89.34 billion f.o.b. (2006 est.)
machinery and transport equipment 52%, chemicals 5%, raw materials and fuel 9% (2003)
Imports:
$87.7 billion f.o.b. (2006 est.)
machinery and transport equipment 46%, raw materials and fuels 15%, chemicals 10% (2003)
Overview:
The Czech Republic is one of the most stable and prosperous of the post-Communist states of Central and Eastern Europe. Growth in 2000-05 was supported by exports to the EU, primarily to Germany, and a strong recovery of foreign and domestic investment. Domestic demand is playing an ever more important role in underpinning growth as interest rates drop and the availability of credit cards and mortgages increases. The current account deficit has declined to around 3% of GDP as demand for Czech products in the European Union has increased. Inflation is under control. Recent accession to the EU gives further impetus and direction to structural reform. In early 2004 the government passed increases in the Value Added Tax (VAT) and tightened eligibility for social benefits with the intention to bring the public finance gap down to 4% of GDP by 2006, but more difficult pension and healthcare reforms will have to wait until after the next elections. Privatization of the state-owned telecommunications firm Cesky Telecom took place in 2005. Intensified restructuring among large enterprises, improvements in the financial sector, and effective use of available EU funds should strengthen output growth.
In 2007 Missouri exported $12,780,493 in goods to Czech Republic. This ranks Czech Republic 42nd among the 223 international buyers of Missouri goods. Missouri exports to Czech Republic increased from the previous year by $5,772,072 a change of 82.36%. State exports to Czech Republic have increased over the last 5 years by $7,604,248 a change of 146.90%. Missouri exports account for .10%. of all 2007 US exports to Czech Republic.
| NAICS Industry | Annual | ||||||
|---|---|---|---|---|---|---|---|
| 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | ||
| 000 - Total All Industries MO | 5,176,245 | 3,909,636 | 4,887,470 | 5,830,290 | 7,008,421 | 12,780,493 | |
| 000 - Total All Industries US | 654,224,436 | 672,269,318 | 822,026,718 | 1,051,428,644 | 1,123,105,410 | 1,262,372,690 | |