City Profile - Prague; Comprehensive overview of the city, PEST analysis and analysis of key industries including technology, tourism and hospitality, construction and retail

City Profile - Prague; Comprehensive overview of the city, PEST analysis and analysis of key industries including technology, tourism and hospitality, construction and retail

Summary

“City Profile - Prague” provides historical and forecast data on key city level metrics along with analytical coverage of the latest political, economic, social, technological, infrastructural, legal and environmental issues affecting Prague.

The report contains detailed tourism, retail, construction, technology and public infrastructure data and insight into economic, social, and industry trends.

Prague city, located on the banks of Vltava River, is the capital of Czech Republic. The city is the key financial and economic center of the country. In 2024, the Prague metropolitan area contributed 40.5% to the Czech Republic's GDP, growing by 1.7% in real terms. The economy, one of Europe's most advanced, is driven by trade and service sectors, including AI, tourism, transport, education, and health. Growth was supported by increased household and government consumption, though investment activity declined. Key growth sectors included trade, hospitality, and transport, while industrial and construction sectors faced downturns.

Scope

• The service sector remains the key contributor to the area’s economy and the major employer.
• Prague metropolitan area is a key European destination for leisure and business tourism, witnessing a notable rise in tourist arrivals compared to the previous year. The largest international visitor groups were from Germany, US, and UK, with increasing interest from Asian travelers. Czech citizens made up about one-fifth of all tourists, with Prague drawing a significant share of visitors to the country.

• Gain a comprehensive knowledge of future economic and demographic trends and understand the performance of various sectors within the city.
• Analyze and understand the business environment in the city to align your investment and expansion strategies.
• The report helps to drive a conclusion in choosing a suitable city to invest or expand according to your business structure.
• Explore new opportunities in the hospitality, tourism, construction, real estate and retail sectors.