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Global Development: Part II Europe
Czech Republic
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The Czech Republic's GDP is about $46 billion, and its per capita income $4,450. The government consumes about 19.2% of GDP. The private sector was encouraged to generate between 70% and 80% of GDP during a massive privatization program. The population is 10.3 million, the inflation rate is about 10%, and the exchange rate is 38.5 kroners=$1.00. The top income tax rate is 39% (average: 16.4%).
The top corporate tax rate is 35%, the capital gains tax 35%, and the value-added tax 22%.
Country profiles were provided by Raymond Champagne
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