Since 2004 the Czech Republic has been growing faster than in the previous time period. From regions the growth of Moravskoslezský kraj was with 51 % the biggest one. According to the Czech Statistical Office the whole Czech economy grew 1.1 % faster than it was without the EU. The Czech Republic endured fastest economic growth between years 2000 and 2007. For example since 2004 the average gross wages grew by 43 % to present CZK 25 700, science and development budget grew by 107 % with its private sector share of one quarter, car production grew by 159 %. Share of households that have access to internet grew since 2005 by 54 % and present household internet coverage is as high as 75 % of them. Future development of common internal market is crucial for the Czech Republic as a small open export economy. Proposed EU legislature would additionally bring another CZK 230 bn for the Czech economy in the upcoming five years.
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5th March 2019