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FY 1999: Czech Republic |
CHAPTER X. ECONOMIC AND TRADE STATISTICS Appendix A: Country Data Population - 1997: 10,299,125; Population growth rate (1996): -1.00%. Religion: Roman Catholic (39%), Protestant (Evangelical Church of Czech Brethren) (2%), no religious affiliation (40%). Government system: Parliamentary Democracy Languages: Czech Work week: Monday through Friday (40 working hours)Sources of data: Statistical Yearbook of the Czech Republic, Research Institute of Labor and Social Affairs.
Appendix B: Domestic Economy
1996 1997 1998 (est.)
GDP(billions $ 46.77 40.42 54.54 Current prices) Real GDP growth rate 3.9% 1.0% 1.4% GDP per capita(in $) 4,541 3,925 5,454 State Budget/GDP 31.23% 29.9% 29.8% State+Municipal budget/ 41.96% 40.4% 37.1% GDP Inflation 8.8% 8.5% 12.2% Unemployment 3.5% 5.2% 6.2%
Foreign exchange reserves (Billions $)
Czech National Bank 12.4 9.8 11.1
Average exchange rate: 1996: $1.00=27.14 CZK 1997: $1.00=31.71 CZK 1998: $1.00=33 CZK
Foreign Debt(bill. $ 20.8 21.4 21.4 Debt Service Ratio 6% 8.9% 8.9%
Sources of data: Czech National Bank
Appendix C: Trade
Imports in the following table are according to country of origin and exports are according to country of destination, in millions of $, f.o.b. basis.
1996 1997 1998(Jan-May)
Total country exports 21,907 22,528 12,863 Total country imports 27,716 26,967 13,839 Trade deficit -5809 -4439 -986 U.S. exports (to CR) 959 1,072 557 U.S. imports (from CR) 465 586 284 U.S. trade surplus with Czech Republic 494 496 272
Source: Czech National Bank, Czech Statistical Office.
Appendix D: Investment Statistics
The Czech Republic has attracted $8,361.4 mil in foreign direct investment (FDI) since 1990. At the start of 1998, some of the world's most well known multinationals (including ABB, AssiDoman, Daewoo, Ford, Motorola, Nestle, Procter & Gamble, Renault, Siemens, Toray and Volkswagen) had set up operations in the Czech Republic. By the end of 1997, there were over 47,000 foreign owned or partly foreign owned companies registered in the Czech Republic.
Joint ventures and greenfield investments remain the most common forms of FDI in the manufacturing sector. Major privatizations that remain include key companies in the banking sector and large, strategic industrial companies including those in the mining sector.
Table 1. Origin of FDI in the Czech Republic (in millions of $):
1995 1996 1997 1990-1997
Germany ($) 567.3 249.3 391.3 2332.8 (%) 22.2 17.5 30.1 27.9
Nether 735.9 259.4 133.8 1153.9 28.8 18.2 10.3 13.8
USA 101.1 252.5 99.2 1103.7 4.0 17.7 7.6 13.2
Switz 678.6 NA NA 886.3 26.5 NA NA 10.6
France 167.5 NA 101.8 652.2 6.5 NA 7.8 7.8
Austria 87.4 208.1 95.0 610.4 3.4 14.6 7.3 7.3
UK NA 83.8 196.4 NA NA 5.9 15.1 NA
Italy NA 89.7 NA NA NA 6.3 NA NA
Other 220.7 285.5 283.0 1622.1 8.6 20.0 21.8 19.4
Total 2558.5 1428.4 1300.5 8361.4 100.0 100.0 100.0 100.0
Source: CzechInvest
Appendix E: U.S. & Country Contacts
Robert M. Murphy, Commercial Attache U.S. Commercial Service American Embassy Prague Trziste 15, 118 01 Prague 1 Tel: (420-2) 5732-0663; Fax: (420-2) 5732 0920
Col. David Potts, Defense Attache Defense Attache Office American Embassy Prague Trziste 15, 118 01 Prague 1 Tel: (420-2) 5732-0663; Fax: (420-2) 532-988
Lt. Col. Ray Cancel, Chief Capt. Barry Midkiff Office of Defense Cooperation American Embassy Prague Trziste 15, 118 01 Prague 1 118 01 Prague 1 Tel: (420-2) 5732-0663; Fax: (420-2) 2451-0209
Judy Garber Economic Officer Political-Economic Section American Embassy Prague Trziste 15, 118 01 Prague 1 11801 Prague 1 Tel: (420-2) 5732-0663; Fax: (420-2) 531-193
Weston Stacey, Executive Director American Chamber of Commerce Mala Stupartska 7 110 00 Prague 1 Tel: (420-2) 2482-6551,2 Fax: (420-2) 2482-6082
Bohumir Stedron, Director of Foreign Relations Department Economic Chamber of the Czech Republic Argentinska 38 170 05 Prague 7 Tel: (420-2) 667 94 770; Fax: (420-2) 667 10 805 hkcrinf@traveller.cz
Ing. Miloslav Marcan, Director Department of Informatics Ministry of Industry and Trade Na Frantisku 32 110 15 Prague 1 Tel: (420-2) 2485-3424; Fax: (420-2) 2485-2260 marcan@alef.mpo.cz
Ing. Jiri Roudny, Director Information Section Ministry of Finance Letenska 15 118 00 Prague 1 Tel: (420-2) 5704-2150; Fax: (420-2) 5704-2788
Ing. Libor Dupal, Director International Relations Department Czech Office for Standards Biskupsky Dvur 5 110 02 Prague 1 Tel: (420-2) 2180-2187, 2324-430 Fax: (420-2) 2324-373
Hana Lasslerova, Director Marketing Department CzechInvest Politickych veznu 20 112 49 Prague 1 Tel: (420-2) 2406-2482; Fax: (420-2) 2406-2208
Martin Jahn CzechInvest, U.S. Office Suite 918A, The Merchandise Mart 200 World Trade Center Chicago, IL 60654
Appendix F: Market Research
Industry Sector Analysis (ISA) reports completed in FY 1998:
1. Franchising 2. Solid and Hazardous Waste Equipment 3. Energy Sector Update 4. Chemical/Petrochemical Equipment 5. Dental Equipment 6. Doing business in the liberalized Telecom market
Industry Sector Analysis Reports Projected for FY 1999:
1. Auto Parts 2. Local Telecom Networks 3. Air Pollution Control Equipment 4. Machine Tools 5. Home Care Medical Equipment
A complete list of market research is available on the National Trade Data Bank. Please contact Valerie Evans at (202) 482-1192 for current availability.
Appendix G: Trade Event Schedule/Fiscal Year 1999
1. Invex-Computer Fair Dates: October 14-18, 1997 Location: Brno Industry Theme: Information Technology Type: Trade Show Contact: Hana Jelinkova
2. MEFA Brno Dates: Nov. 5-8, 1997 Location: Brno Industry Theme: Medical Equipment Type: Trade Show Contact: Helena Vagnerova Participant Target: Manufacturers of Medical Equipment
3. Event: Go 98 Travel Show Dates: January 8-11, 1998 Location: Brno Industry Theme: Travel Industry Type: Trade Show Contact: Hana Obrusnikova
4. Holiday World Travel Dates: Mid-February Location: Prague Industry Theme: Travel Industry Contact: Hana Obrusnikova
5. Autotec 98 Dates: June 6-11, 1998 Location: Brno Industry Theme: Car and Truck parts and Workshop Equip. Contact: Helena Vagnerova
6. International Engineering Fair Dates: September 14-19, 1998 Location: Brno Industry Theme: Engineering Type: Trade Show Contact: Hana Jelinkova
7. For Arch Dates: September 22-26, 1998 Location: Prague Industry Theme: Building Products Type: Trade Show Contact: Helena Vagnerova
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