Source: world bank Nominal/PPP
Summary:
Czech Republic GDP Per Capita expanded from 1990 to 2024, increasing from $41.02 to $347.03 .The compound annual growth rate (CAGR) averaged 6.48% over the period. The economy recorded its peak level in 2024 and its lowest level in 1991. Growth volatility remained high. The maximum drawdown reached 26.69%, indicating the largest cyclical decline from peak levels. The country experienced 7 recession episode(s) during the observed period.
Czech Republic Economic Phases (1990 - 2024)
From 1990 to 2024, Czech Republic economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- High Growth (1992–1996) indicating robust economic expansion
- Contraction (1999–2000) indicating temporary slowdown
- High Growth (2001–2008) indicating robust economic expansion
- High Growth (2017–2018) indicating robust economic expansion
- Expansion (2024–2024) indicating steady moderate growth
The most remarkable growth occurred in 1995 with an increase of 25.699%, while the largest decline was in 1991 at -26.686%.