Czech Republic PESTLE Insights - A Macroeconomic Outlook Report

Czech Republic PESTLE Insights - A Macroeconomic Outlook Report

Summary

Mining, manufacturing and utilities contributed 27.1% to the gross value added (GVA) in 2021, followed by financial intermediation, real estate and business activities (21.4%), and other services (19.3%). In nominal terms, the three sectors are expected to grow by 4.3%, 4.8% and 4.5%, respectively, in 2022.

Four major regions in the Czech Republic generated around 65.2% of the country’s GDP in 2020 and comprised 54.1% of the country’s population, as of 2021, according to Eurostat

The PX Index exhibited a downward trend over past year. As of December 2, 2022, the Index stood at 1,214.3, compared to 1,363.2 on December 2, 2021.

Scope

• n November 2022, the Czech Republic and the European Investment Bank signed a MoU of EUR7 billion ($8.3 billion) on financial and technical support for railway projects between 2023 and 2027.

• Macroeconomic Outlook Report identifies the potentials of the country as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure.
• PESTLE Insights provides 360 degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials and direction of operations
• Along with providing the country’s snapshot, the report captures the risk factors pertaining to the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure and natural and geographic aspects that might impact business.
• This report also highlights key clusters/cities which contribute significantly to the country GDP and population along with major companies’ presence in these areas.