Czechia: Trade balance, percent of GDP
* indicates monthly or quarterly data series
| Czechia |
Trade balance as percent of GDP |
|---|---|
| Latest value | 0.98 |
| Year | 2022 |
| Measure | percent |
| Data availability | 1990 - 2022 |
| Average | 2.17 |
| Min - Max | -4.83 - 7.63 |
| Source | The World Bank |
The latest value from 2022 is 0.98 percent, a decline from 2.96 percent in 2021. In comparison, the world average is -4.42 percent, based on data from 149 countries. Historically, the average for the Czechia from 1990 to 2022 is 2.17 percent. The minimum value, -4.83 percent, was reached in 1996 while the maximum of 7.63 percent was recorded in 2016.
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* indicates monthly or quarterly data series
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The trade balance for the Czechia and other countries is calculated as the difference between the exports and imports of goods and services, as percent of GDP. A positive number means trade surplus and a negative number means trade deficit.
Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).
Selected articles from our guide:
What factors determine the exchange rates
International lending and sovereign debt
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 98.85 | 2021 | percent |
| Trade openness | 138.92 | 2023 | percent |
| Financial openness | 2.299 | 2021 | index points |
| Exports, percent of GDP | 72.01 | 2023 | percent |
| Exports, billion dollars | 238.25 | 2023 | billion U.S. dollars |
| Growth of exports | 2.75 | 2023 | percent |
| Imports, percent of GDP | 66.91 | 2023 | percent |
| Imports, billion dollars | 221.39 | 2023 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | 3.62 | 2022 | percent |
| Foreign Direct Investment, billion dollars | 10.53 | 2022 | billion U.S. dollars |
| Portfolio investment inflows, equities | 991.67 | 2023 | million dollars (current) |
| Current account, percent of GDP | 0.40 | 2023 | percent |
| Current account, in dollars | 1.28 | 2023 | billion U.S. dollars |
| Trade balance, percent of GDP | 0.98 | 2022 | percent |
| Trade balance, in dollars | 17.29 | 2023 | billion U.S. dollars |
| Reserves | 148.38 | 2023 | billion U.S. dollars |
| Remittances, percent of GDP | 1.27 | 2023 | percent |
| Remittances | 4,190.22 | 2023 | million U.S. dollars |
| Net errors and omissions | 1,155.40 | 2023 | million USD |
| Foreign exchange reserves | 3,426.81 | 6/2024 | billion |