Macroeconomic Outlook Report: Czech Republic
Summary
Mining, manufacturing, and utilities contributed 28% to the gross value added (GVA) in 2024, followed by financial intermediation, real estate, and business activities (22.4%), and wholesale, retail, and hotels activities (13.1%). In nominal terms, the three sectors are expected to grow by 5.1%, 5.0%, and 5.4% in 2025, respectively.
According to the GlobalData cities database, Prague and Brno metropolitan areas accounted for approximately 49.2% of the Czech Republic’s GDP and 37.4% of the country’s population in 2024.
As of February 2025, the Czech Republic is set to improve its railway infrastructure significantly, supported by a EUR466 million ($506.5 million) loan from the European Investment Bank (EIB). This funding will facilitate crucial upgrades and improvements across the country’s rail network, which is vital for passenger and freight transport. The investment aims to modernize existing rail lines, enhance safety, and increase the overall efficiency of the railway system.
Scope
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