With a population of approximately 10.5 million and gross domestic product (GDP) per capita of US$18,325 (2016), the Czech Republic is an important market in Central Europe. GDP growth has been strong and is forecast to continue to grow at around three per cent over the next three years.
The Czech Republic experienced a rapid transformation to a market-based economy since the fall of communism in 1989 and the Czech automotive industry represents one of the most developed automotive markets in the region. The country`s high-level technical know-how has been shared over centuries and continues to deliver world-class products and services.
The Austrade office in the Czech Republic is also responsible for the Slovak Republic.
More information on doing business in the Czech Republic