Czech Republic

- Land area
- 78,866 km2
- Population
- 10.5 million
- Currency
- Czech crown [CZK]
Covering an area of more than 78,000 square kilometres, this landlocked Central European country is about the size of the state of Bavaria in neighbouring Germany. Some ten million people live in the Czech Republic, one of the leading national economies in Central and Eastern Europe. The EU member state has a strong export industry primarily focused on the European market. Its major sectors include the traditionally strong manufacturing industry – in particular the automotive industry – as well as toolmaking and mechanical engineering. These sectors play an important role in the country’s economic growth. Following a temporary slowdown, private consumption has once again followed a positive trend since 2013. A striking characteristic is that the per capita consumption in the western regions is higher overall than in the eastern parts of the country. The Czech trade sector exhibits solid growth, with around half of its revenue attributable to food retailing. This segment is dominated by Western European companies that have been active in the Czech Republic since its political transformation, providing a wide range of modern retail formats.