Successive crises are gradually eroding hitherto strong fundamentals
BB2
MEDIUM RISK for entreprise
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
Updated in November 2022.
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GDP | USD282bn (World ranking 46, World Bank 2021) |
Population | 10.7mn (World ranking 85, World Bank 2021) |
Form of state | Parliamentary Democracy |
Head of government | Petr Fiala (PM) |
Next elections | October 2024, legislative (Senate) |

- EU membership and good international relations
- High income economy with fairly strong underlying macroeconomic fundamentals
- Favorable public finances
- Manageable external debt burden
- Sound banking sector that has proven resilient to adverse shocks
- Favorable business environment

- History of fragile coalition governments, resulting in often ineffective policymaking and slow reform progress
- High export and import dependencies and unfavorable export structure
Trade structure by destination/origin
(% of total, annual 2021)
Exports | Rank | Imports |
---|---|---|
Germany
32.4%
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1 |
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Slovakia
8.1%
![]() |
2 |
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Poland
6.7%
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3 |
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France
4.6%
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4 |
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Austria
4.5%
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5 |
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Trade structure by product
(% of total, annual 2021)
Exports | Rank | Imports |
---|---|---|
Road vehicles
18.0%
|
1 |
11.7%
Electrical machinery, apparatus and appliances, n.e.s.
|
Electrical machinery, apparatus and appliances, n.e.s.
10.5%
|
2 |
8.8%
Road vehicles
|
Office machines and automatic data processing machines
8.1%
|
3 |
8.3%
Office machines and automatic data processing machines
|
Other industrial machinery and parts
6.6%
|
4 |
6.6%
Telecommunication and sound recording apparatus
|
Telecommunication and sound recording apparatus
6.6%
|
5 |
5.0%
Other industrial machinery and parts
|
Collection Complexity
The Allianz Trade Collection Complexity Score provides a simple assessment of how easy it is to collect debt around the world. The 2022 edition covers 49 countries that represent nearly 90% of global GDP and 85% of global trade.
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