According to new Eurostat data, Prague has surpassed Brussels, Paris, and Berlin to become one of the top-ranked regions in the EU in terms of GDP per capita by purchasing power standards. The Czech capital is the fourth-richest region in the EU due to the presence of several multinational companies (as well as their headquarters) and international workers.

According to Eurostat, the number of multi-national companies headquartered in Prague have contributed significantly to the city's impressive economic development, resulting in a GDP per inhabitant that is more than double the national average. Several regions in Ireland and Luxembourg have surpassed Prague's economic performance.

A city’s high GDP per capita often results from a robust and diverse economic base driven by technology, finance, and manufacturing industries. Furthermore, a well-educated and skilled workforce contributes to higher productivity and innovation, further boosting the city’s economic output.

Delivered by CzechTrade team Canada.
Source: Eurostat, Expats.cz.