Market Research In Czech Republic

Czech Republic Profile:

  • The Czech Republic also known as Czechia is a landlocked nation state in Central Europe, and has been divided into thirteen regions.
  • The Czech Republic joined NATO in 1999 and the European Union (EU) in 2004; it is a member of the United Nations, the OECD, the OSCE and the Council of Europe.
  • The UNDP ranks the country as 14th in inequality-adjusted human development.
  • The Czech Republic is a welfare state with a “continental” European social model, a universal health care system and tuition-free university education, it ranks as the 6th safest or most peaceful country and is one of the most non-religious countries in the world, while achieving strong performance in democratic governance.
  • The Czech Republic has strong ties with Slovakia, Poland and Hungary as a member of the Visegrad Group, as well as with Germany, Israel, the United States and the European Union and its members

Czech Republic Economy:

  • The Czech Republic is a developed country with an advanced, high income economy and high living standards.
  • Czechia is a prosperous market economy that boasts one of the highest GDP growth rates and lowest unemployment levels in the EU, but its dependence on exports makes economic growth vulnerable to contractions in external demand.
  • The country’s exports comprise some 80% of GDP and largely consist of automobiles, the country’s single largest industry.
  • After slowly recovering from a steep recession in 2009, the Czech economy again fell into recession in 2012 and 2013 because of a slump in demand within the EU and government austerity measures.
  • Long-term challenges include dealing with a rapidly aging population, a shortage of skilled workers, a lagging education system, funding an unsustainable pension and health care system, and diversifying away from manufacturing and toward a more high-tech, services-based, knowledge economy

Czech Republic Facts:

  • Population: 10.7 million
  • Capital: Prague
  • Largest city: Prague
  • Area: 78,867 sq km
  • Major language: Czech (official) 95.4%, Slovak 1.6%, other 3%
  • Major religion: Roman Catholic 10.4%, Protestant 1.1%, other and unspecified 54%
  • Life expectancy: 75.8 years (Male), 81.9 years (Female)
  • Monetary unit: 1 Koruna(CZK) = 100 Haleru
  • Main exports: Machinery and transport equipment, raw materials, fuel, chemicals
  • GNI per Capita: $32,710

Our Market Research Services in Czech Republic:

We Employ A Wide Range of Research Techniques in Czech Republic:

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