Czech living standard
The Czech Republic has a high standard of living compared to other countries in Central and Eastern Europe. According to the World Bank, the Czech Republic has a Gross Domestic Product (GDP) per capita of $31,845 in 2019, which is higher than the average for the European Union (EU) of $29,873. The Czech Republic also has a Human Development Index (HDI) of 0.867, which is higher than the EU average of 0.859.
The Czech Republic has a relatively low unemployment rate of 2.9%, which is lower than the EU average of 6.2%. The Czech Republic also has a relatively low poverty rate of 8.2%, which is lower than the EU average of 16.2%.
The Czech Republic has a high life expectancy of 79.2 years, which is higher than the EU average of 81.2 years. The Czech Republic also has a high literacy rate of 99.7%, which is higher than the EU average of 99.2%.
The Czech Republic has a high level of healthcare, with a healthcare expenditure of 8.2% of GDP, which is higher than the EU average of 8.1%. The Czech Republic also has a high level of education, with a tertiary education attainment rate of 39.2%, which is higher than the EU average of 33.3%.
Overall, the Czech Republic has a high standard of living compared to other countries in Central and Eastern Europe.
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