FAQ – Economic Information

Suggested sources of general information on the Czech economy – latest exchange rates, major supply countries to the Czech market, latest GDP data and monthly economic development indicators.

Where to find the current exchange rate of Czech crown (CZK) to US dollar (USD)?

The Czech National Bank sets the official exchange rate of the Czech crown (CZK) to other foreign currencies, including the US dollar (USD), at www.cnb.cz. In case of multiple inquiries, you can also use one of the international money exchange convertors, e. g., www.xe.com or www.oanda.com.

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

The Czech Statistical Office site offers Czech Foreign Trade Statistics which can be filtered by countries (import) and products (banana). The search engine also enables the user to extend the search to all countries and combine it with the specific product (banana) to get the desired information. The user can then adjust the form of the processed output.

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

The Czech Statistical Office site offers Czech Foreign Trade Statistics which can be filtered by groups of countries (USA, Europe, Asia) and products (banana). The search engine enables the user to extend the search to all groups and combine it with the specific product (banana) to get the desired information (market share). The user can adjust the form of the processed output.

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

The Czech Statistical Office is a reliable source of information and indicators, such as the GDP and trade balance of the Czech economy. General economic information can be found on the page under the Macroeconomic indicators.

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

On the Czech Statistical Office site, you can find a wide range of indicators updated regularly by months or years.

What are the main products imported to the Czech market?

A statistical overview of main import and export commodities to or from the Czech Republic can be found on the Czech Statistical Office site in the Czech Foreign Trade Statistics. You can filter information by imported products and countries or groups of countries. The search engine first shows the main page where you can enter all the basic input parameters.

Additional information, classifiers and the output data table are shown in secondary windows. If you change the input parameters on the main page, the resulting output will be displayed in a secondary window. The following statistical data are available: reference period, flow, commodity, partnership country, net mass, supplementary unit codes (for selected commodities only), volume in the supplementary unit, and statistical value. The search engine uses the three following commodity classifications – harmonized system, combined nomenclature, and SITC.

Information about foreign investments in the Czech Republic is provided by the Association for Foreign Investment (AFI) established by the Czech government. AFI also operates a separate guide at www.CzechBusinessGuide.com.

Do I have to change EUR to CZK or is EUR the official Czech currency?

The current currency of the Czech Republic is the Czech crown (CZK). Once you arrive, you can do so in the foreign exchange offices and banks. You can use EUR while paying but only in selected businesses and shops. On the other hand, the Czech crown (CZK) is accepted nation-wide. Therefore, we recommend that you convert your currency into CZK. Here you can find the up-to-date exchange rates (of the Czech National Bank).

About BusinessInfo.cz

BusinessInfo.cz is an official state information portal for business and export. The project is managed by the CzechTrade Agency in cooperation with the Ministry of Industry and Trade. The project partners include ministries, agencies, non-governmental business institutions, chambers, and associations.

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