The Czech Republic is a country located in Central Europe. Its capital and largest city is Prague. The Czech Republic has a population of around 10.7 million people and its official language is Czech. The country has a parliamentary representative democratic republic form of government.
The economy of the Czech Republic is developed and diversified, with a strong emphasis on exports. The country has a well-educated workforce and a high standard of living. The main sectors of the economy are industry, particularly automotive and engineering, and services, particularly tourism. Agriculture also plays a small but important role in the economy.
The Czech Republic has a strong tradition of engineering and manufacturing, and the country is home to some of the world's leading industrial companies, such as Škoda and Tatra. The country also has a developed service sector, with tourism being a significant contributor to the economy.
The Czech Republic joined the European Union in 2004 and adopted the Euro as its official currency in 2009. The country has a high degree of economic freedom and is consistently ranked as one of the most business-friendly countries in Europe.
The Czech Republic is known for its rich culture and history, including the medieval Old Town of Prague, which is a UNESCO World Heritage site, and its famous beer, which is considered some of the best in the world.
|Total Area ||30,450 mi²|
|Ease of Doing Business Rank ||41|
|Cost of Living Index |