Strong fundamentals and Eurozone membership provide for resilience
LOW RISK for enterprise
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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
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GDP |
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|
Population |
|
|
Form of state | Parliamentory Republic | |
Head of government | Eduard Heger (Prime Minister) | |
Next elections | 2024, presidential and legislative |

- Low systemic political risk
- Good regional and international relations; EU membership
- Eurozone membership providing for low transfer and convertibility risk
- Solid banking sector
- Strong business environment overall; very attractive for foreign investors

- Small domestic market
- High dependence of the economy on the automobile sector and on exports
- Relatively high external debt level
Trade structure by destination/origin
(% of total, 2020)
Exports | Rank | Imports |
---|---|---|
Germany
22.0%
![]() |
1 |
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Czech Republic
10.5%
![]() |
2 |
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Poland
7.9%
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3 |
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France
7.2%
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4 |
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Hungary
6.3%
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5 |
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Trade structure by product
(% of total, 2020)
Exports | Rank | Imports |
---|---|---|
Road vehicles
34.1%
|
1 |
17%
Road vehicles
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Telecommunication and sound recording apparatus
10.4%
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2 |
10.3%
Electrical machinery, apparatus and appliances, n.e.s.
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Electrical machinery, apparatus and appliances, n.e.s.
6.9%
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3 |
7.9%
Telecommunication and sound recording apparatus
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Other industrial machinery and parts
6.1%
|
4 |
5.1%
Other industrial machinery and parts
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Manufactures of metal, n.e.s.
3.5%
|
5 |
4.4%
Office machines and automatic data processing machines
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