The economy of the Czech Republic is a developed export-oriented social market economy based in services, manufacturing, and innovation, that maintains a high-income welfare state and the European social model. The Czech Republic participates in the European Single Market as a member of the European Union, and is therefore a part of the economy of the European Union, but uses its own currency, the Czech koruna, instead of the euro. It is a member of the OECD.
The Czech Republic ranks 13th in inequality-adjusted human development and 14th in World Bank Human Capital Index ahead of countries such as the United States, the United Kingdom or France. It was described by The Guardian as “one of Europe’s most flourishing economies”.
In 2018 Czech Republic imported a total of $180B, making it the number 28th trade destination in the world.
In 2018 Czech Republic exported a total of $200B, making it the number 27th exporter in the world.
Date : 23-08 Aug 2020.
Place : Louny, Czech Republic.
STYL – International Fashion Fair
Date : 24-08 Aug 2020.
Place : Brno, Czech Republic.