GDP per capita is converging to the OECD average
Measures of well-being outperform the CEE peers, but lag behind the OECD average
Redistribution reduces inequalities
Inequality and poverty are relatively low but vary across regions
Growth is accelerating as in neighbouring countries
Czech economic developments
Higher participation in the labour market has offset the effect of ageing
EU countries are the Czech Republic's main trading partners
Labour productivity is picking up
The wage bill is rising
The exchange rate is appreciating and inflation is around the target
Exposure to financial vulnerabilities is low
Credit and housing market developments raise some concerns
Some fiscal space is available to address future needs
Government fiscal revenues rely heavily on social contributions
The fiscal burden on labour could be lowered
Czech wage levels are not converging to OECD standards
The gap between the Czech productivity level and that of advanced economies remains large
Benefits from participating in GVCs are moderate
The labour market has shifted from medium towards high-skilled employment
The shift towards high-skilled employment is expected to continue
Gender gaps in the labour market are large
The old-age dependency ratio is projected to peak around 2060
Ageing will have a substantial impact on public finances
Green growth indicators: Czech Republic