The rapidly growing Czech economy reduces the debt

Published: 23.08.2017 Related countries:  U.S.A. U.S.A.

Czech debt decreased and supposed to belong to the lowest in the EU.

The Czech Republic is growing and if the governments do not start spreading, the debt will be one of the three lowest in the EU. The Czech economy is already one of the least indebted countries of European Union. Countries which are less indebted are Estonia, Luxembourg and Bulgaria. All of these countries have according to Eurostat their debt below 30 % in 2016. Czech Republic has a debt 32.7 %. The highest debt in the EU had last year Greece, whose relative debt was in 2016 179 %.  Lower debt has Czech Republic thanks to a robust growth of the economy, higher tax rates and higher GDP.

Sources:

https://byznys.ihned.cz/c1-65849990-rychle-rostouci-ekonomika-snizuje-zadluzeni-ceska-relativni-dluh-by-mohl-byt-jednim-z-nejnizsich-v-evropske-unii

https://www.moodys.com/research/Moodys-Czech-Republics-lower-debt-and-more-stable-politics-support--PR_370184

This article was written by a collective of authors of CzechTrade agency in Chicago