Competitiveness / Employment and Social Affairs
This section feature research, opinion and progress reports on how the Czech Republic compares to other EU countries economically. It includes analysis of international rankings such as the WEF and World Bank.
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Spotlight issue
Eurostat: Average length of working life of Czechs is just above 35 years
In 2016, people in European Union (EU) could be expected to work for an average of 35.6 years, up by 1.8 years compared with 2006, Eurostat writes. The Czech Republic had the expected average working life at the EU average of 35.6 years.
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emerging-europe.com: CEE emigrants could boost their countries' economies
Currently, around 7 million mainly young, skilled and educated Bulgarian, Czechs, Hungarians, Poles, Slovaks and Romanians (CEE-6) live and work in Western Europe. The return of even a relatively small portion of these would boost regional GDP, for example, by stimulating the development of real estate markets, emerging-europe.com writes.
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Quartz: Bohemian Rapsody: Why does the Czech Republic have the lowest unemployment in the EU?
According to David Marek, chief economist at Deloitte in Prague, the nation’s unemployment rate is low for two main reasons. First, assembly plant jobs have been relatively easy to create because they are cheap and government incentives have made the Czech Republic attractive to global manufacturing companies. Second, the Czech business cycle is closely connected to the economic health of the EU. When Europe is doing well, the Czech Republic does even better, Marek says.
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