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Czech Republic

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Following the First World War, the closely related Czechs and Slovaks of the former Austro-Hungarian Empire merged to form Czechoslovakia. During the interwar years, the new country's leaders were frequently preoccupied with meeting the demands of other ethnic minorities within the republic, most notably the Sudeten Germans and the Ruthenians (Ukrainians). After World War II, a truncated Czechoslovakia fell within the Soviet sphere of influence. In 1968, an invasion by Warsaw Pact troops ended the efforts of the country's leaders to liberalize Communist party rule and create "socialism with a human face." Anti-Soviet demonstrations the following year ushered in a period of harsh repression. With the collapse of Soviet authority in 1989, Czechoslovakia regained its freedom through a peaceful "Velvet Revolution." On 1 January 1993, the country underwent a "velvet divorce" into its two national components, the Czech Republic and Slovakia. The Czech Republic joined NATO in 1999 and the European Union in 2004.[1]

Economical characteristics

  • Currency: Czech koruna (ISO code: CZK)
  • Central bank discount rate: 0.25% (31 December 2009)[1]
  • Commercial banks lending rate: 6.25% (31 December 2008)[1]
  • Stock of money (M1): $86.56 billion (31 December 2008)[1]
  • Quasi money (with M1 makes M2): $58.69 billion (31 December 2008)[1]


Statistics

Statistic / Year 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
GDP (million USD)[2] 60 192 56 721 61 842 75 276 91 358 109 525 124 549 142 611 174 215 215 500
Govt. debt (% of GDP)[3] 11.729 13.705 15.484 16.071 19.055 20.926 23.014 24.666 25.063 26.576
Govt. revenue (% of GDP)[4] 30.005 30.466 31.812 31.581 32.456 31.663 31.548 30.680 31.165 31.432
Govt. expenses (% of GDP)[5] 31.242 33.394 35.389 37.268 37.300 35.288 35.705 35.554 33.716 34.133
Debt to revenue (years) 0.391 0.450 0.487 0.509 0.587 0.661 0.730 0.804 0.804 0.846

References

Note: statistical data was rounded. Debt to revenue is calculated by dividing the two variables from their original ('unrounded') values. It represents how long it would a government take to repay its entire debt if it used its whole revenue for this purpose.

  1. ↑ 1.0 1.1 1.2 1.3 1.4 Cite error: Invalid <ref> tag; no text was provided for refs named CIA_CZ
  2. ↑ World Bank. "Czech Republic: GDP", from World Bank Data. Referenced 2010-09-21.
  3. ↑ World Bank. "Czech Republic: government debt", from World Bank Data. Referenced 2010-09-21.
  4. ↑ World Bank. "Czech Republic: government revenue", from World Bank Data. Referenced 2010-09-21.
  5. ↑ World Bank. "Czech Republic: government expenses", from World Bank Data. Referenced 2010-09-21.

External links

Retrieved from "https://wiki.freecapitalists.org/index.php?title=Czech_Republic&oldid=1490"