FAQ - Economic Information

21. 5. 2007

This document provides and suggests sources of general economic information on the Czech economy - the latest exchange rates, major supply countries to the Czech market, latest GDP data and monthly economic indicators development.

Where to find the latest exchange rate of the Czech koruna (CZK) against the US dollar (USD) ?

The Czech National Bank sets the official exchange rate of the Czech koruna (CZK) against other foreign currencies including US dollar (USD) at www.cnb.cz. From the main menu one can directly go to actual exchange rates of the CZK against other foreign currencies. In the table there is listed also USD. In case of more multisearch one can also alternatively use one of international money exchange convertors, e. g. XE.com or OANDA (www.xe.com, www.oanda.com).

What are the major supply countries of bananas to the Czech market?

The Czech Statistical Office site: Czech Foreign Trade Statistics can be searched by countries (import) and products (banana). The search facility also enables the user to choose all countries and combine them with the product (banana) to get the desired information. The user can adjust the form of the displayed output.

What are the market shares of American suppliers of bananas to the Czech market?

The Czech Statistical Office site Czech Foreign Trade Statistics can be searched by group of countries (America, Europe, Asia) and products (banana). The search facility enables the user to choose all groups and combine them with the product (banana) to get the desired information (market share). The user can adjust the form of the displayed output.

Where to obtain the latest data on the GDP and balance of trade of the Czech economy?

The Czech Statistical Office is a reliable source of economic information and economic indicators such as GDP and trade balance of the Czech economy. General economic information can be found on the main page under the Macroeconomic section. A very user-friendly and very well structured information (usually taken from the above mentioned Czech Statistical Office) provides the website of CzechInvest, the Investment and Business Development Agency at www.czechinvest.org.

Where to trace monthly economic indicators, including the official consumer price index?

On the site of the Czech Statistical Office under the section Economic indicators one can find a wide range of yearly and monthly indicators that are regularly updated.

What are the main import products into the Czech market?

Statistical overview on main import and export commodities to or from the Czech Republic can be obtained via the Czech Statistical Office site: Czech Foreign Trade Statistics. One can search information about the main imported products and countries or group of countries. The application is organized in a manner in which the main page is shown first and all basic input parameters may be entered.

Addiotional information, classifier and the output data table are shown in secondary windows. It is possible to change the input parameters at the main page and the resulting output is presented in a secondary window. There are the following statistical data available: Reference period; Flow; Commodity; Partnership country; Net mass; Supplementary unit codes (with some commodities only); Volume in supplementary unit; Statistical value. The application uses the following 3 commodity classifications - Harmonized System, Combined Nomenclature and SITC.

I would like to know if I have to change EUROs in CZKs or EUROs are your currency from now on.

The current currency of the Czech Republic is the Czech Crown (CZK). You can take use of the service of foreign exchange offices and banks here after your arrival. You can also use EURO when paying but only in some kind of businesses and shops. The CZK is naturally accepted everywhere. Therefore I recommend You to convert your currency into CZK. For your information, here you can find the actual exchange rates (the Czech National Bank´s rates).

 

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BusinessInfo.cz is an official information portal for business and export. The project is run by the CzechTrade agency in cooperation with the Ministry of Industry and Trade. Project partners include ministries, their agencies, non-governmental business institution, chambers and associations.