Prague's economy growing again

Statistics show the entire country has improved

The share that Prague continues to the Czech economy grew again after several years of decline. The capital, which is also counted as a region, contributes about one-quarter of the country's GDP. Last year it rose two-tenths of a percentage point to 24.4. percent. It had been in decline since 2011, according to figures from the Czech Statistical Office (ČSÚ).

The Central Bohemia region makes the second largest contribution, at 11.6 percent, followed by South Moravia at 11 percent. The smallest contribution comes from the Karlovy Vary region, at just 1.9 percent, followed by the Liberec region at 3.2 percent.

In 2015, GDP per capita was some Kč 432,000 nationwide, in Prague the figure was Kč 881,400. All other regions fell below average, with South Moravia the second-highest at Kč 425,000. The lowest was the Karlovy Vary region at Kč 291,300. Prague's high figure per capita is affected by commuters who work in the city but do not live there.

For the second year in a row, there was no decline in GDP in any region. In 2013 there was a drop in 10 regions. The national average growth in 2015 was 4.5 percent.

Prague, however did not see the highest growth in GDP. It was just above that at 4.6 percent. The highest increase was in the Ústí nad Labem, up some 7.0 percent, followed by the Central Bohemia region. Karlovy Vary again took up the rear, with growth of just 1.8 percent.

According to EU statistics from 2014, Prague is in ninth place as a region, with Inner London-West in the lead, followed by Luxembourg and Brussels. Bratislava was in sixth place. Stockholm rounded out the top 10. The top five regions in GDP per capita in the EU were more than double the EU average, and all of them benefited from the commuter effect.

Prague was calculated to have 173 percent of the EU average of GDP, while the country as a whole had 84 percent. The EU divides the Czech Republic into eight regions for statistical purposes. The regions aside from Prague are below the EU average and as a result get more EU subsidies.

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