Strong fundamentals provide a cushion against the economic impact of Covid-19

A2

MEDIUM RISK for entreprise

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

Updated in August 2021.

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GDP USD244bn (World ranking 46, World Bank 2020)
Population 10.7mn (World ranking 86, World Bank 2020)
Form of state Parliamentary Democracy
Head of government Petr Fiala (PM)
Next elections 2025, legislative (Chamber of deputies)
  • EU membership and good international relations
  • High income economy with fairly strong underlying macroeconomic fundamentals
  • Solid monetary policy
  • 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 dependence and unfavorable export structure

Trade structure by destination/origin

(% of total, annual 2020)

Exports Rank Imports
Germany 32.7%
1
23.2% Germany
Slovakia 7.6%
2
18.1% China
Poland 6.2%
3
7.9% Poland
France 4.7%
4
4.1% Slovakia
Austria 4.2%
5
4.1% Italy

Trade structure by product

(% of total, annual 2020)

Exports Rank Imports
Road vehicles 19.0%
1
11.4% Electrical machinery, apparatus and appliances, n.e.s.
Electrical machinery, apparatus and appliances, n.e.s. 9.9%
2
9.2% Office machines and automatic data processing machines
Office machines and automatic data processing machines 9.2%
3
9.0% Road vehicles
Telecommunication and sound recording apparatus 7.9%
4
8.6% Telecommunication and sound recording apparatus
Other industrial machinery and parts 6.8%
5
5.2% Other industrial machinery and parts
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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