Automotive industry as a leader of Czech economy

Published: 11.06.2017 Related countries:  United Arab Emirates United Arab Emirates

Year by year Czech automotive industry is growing. 2016 was best in the history

02A12HAV-120.jpgCzech automotive industry is reporting record revenues and production for 2016. Revenues exceeded CZK 1 trillion for the first time and production grew 12% y/y, quantified in CZK. Totally 1.35 million vehicles were produced. Automotive industry generates 9% of Czech Republic´s GDP, as compared to the average of ca. 1.5% in EU. Automotive industry, which offers above-average investments and wages in CR, forms a fifth of the Czech industry.