what is the average income in czech republic
CZK 23,859
title: Czech Republic text: Market as a member of the European Union, and is therefore a part of the economy of the European Union, but uses its own currency, the Czech koruna, instead of the euro. It has a per capita GDP rate that is 89% of the EU average and is a member of the OECD. Monetary policy is conducted by the Czech National Bank, whose independence is guaranteed by the Constitution. , the Czech GDP per capita at purchasing power parity is $35,223 (similar to Israel, Italy or Slovenia), $20,152 at nominal value and the GDP growth was 4.5% in 2017, giving title: Economy of the Czech Republic text: Economy of the Czech Republic The Economy of the Czech Republic is a developed export-oriented social market economy based in services, manufacturing and innovation, that maintains a high-income welfare state and the "continental" type of the European social model. The Czech Republic participates in the European Single Market as a member of the European Union, and is therefore a part of the economy of the European Union, but uses its own currency, the Czech koruna, instead of the euro. It is a member of the OECD. As of 2017, the Czech GDP per capita at purchasing power parity is $35,223 title: Economy of the Czech Republic text: (similar to Israel, Italy or Slovenia) and $20,152 at nominal value. As of August 2018, the unemployment rate in the Czech Republic was the lowest in the EU at 2.5%, and the poverty rate is the second lowest of OECD members only behind Denmark. Czech Republic ranks 24th in both the Index of Economic Freedom (ranked behind Norway) and the Global Innovation Index (ranked behind Australia), 29th in the Global Competitiveness Report, 30th in the ease of doing business index and 25th in the Global Enabling Trade Report (ranked behind Canada). The largest trading partner for both export and import title: Economy of the Czech Republic text: February 2009. In September 2016, the unemployment was at 4.0%. In 2016, for first time since 1995, Czech Republic had budget surplus 61 billion CZK. In the year ending by Summer 2017, the Czech GDP grew by 4.7%, the third fastest in Europe, and unemployment was at 3% or 4% in the European or national conventions, by far the lowest rate in Europe. Dividends worth CZK 289 billion were paid to the foreign owners of Czech companies in 2016. Since its accession to the European Union in 2004, the Czech Republic has adopted the Economic and Monetary Union of the title: Czech Republic text: Czech lands. The following taught at the University of Prague: astronomers Johannes Kepler and Tycho Brahe, physicists Christian Doppler, Nikola Tesla, and Albert Einstein, and geologist Joachim Barrande. The Czech economy gets a substantial income from tourism. Prague is the fifth most visited city in Europe after London, Paris, Istanbul and Rome. In 2001, the total earnings from tourism reached 118 billion CZK, making up 5.5% of GNP and 9% of overall export earnings. The industry employs more than 110,000 people – over 1% of the population. The country's reputation has suffered with guidebooks and tourists reporting overcharging by taxi