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The Czech Republic has one of Central Europe’s
most developed and industrialized economies. The country imposes
few regulations on companies, thus most of the trade and business
are based on contractual freedom. Also, the private sector is expanding
and currently represents more than 85 % of the GDP in 2004.
The Czech Republic’s top income tax rate
is 32 percent. The top corporate income tax rate is 31 percent.
The black market remains at a high level. The Czech Republic is
one of the largest exporters of counterfeited products and has a
high level of corruption.
2004 Index of Economic Freedom
| Rank |
Score |
Trade Policy |
Fiscal Burden |
Government Intervention |
Monetary Policy |
| 32 |
2,39 |
2 |
3,9 |
2,5 |
1 |
| Foreign Investment |
Banking and Finance |
Wages and Prices |
Property Rights |
Regulation |
Informal Market |
| 2 |
1 |
2 |
2 |
3 |
3,5 |
Source: Heritage Foundation, 2004
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IMPORTANT !
The current version of Centreurope.org is not fully updated anymore. A new version with thousands of pages about Central and Eastern European countries will be launched at the end of 2007, in seven languages.
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