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December 16, 2017 6:00 am | FILED UNDER: europe

Prague GDP Outperforms Paris and Stockholm – Ranked 6th in European Union

By ČTK

Prague, Dec 15 (CTK) – Prague is the sixth most developed region in the European Union, surpassing Paris, Stockholm and Vienna with its gross domestic product per capita, representatives of the Czech Statistical Office (CSU) said at today’s press conference referring to 2015 data.

 

Last year, Prague accounted for a quarter of the total GDP of the Czech Republic, followed by the Central Bohemia Region with 12 percent and the South Moravia Region with 11 percent.

 

Prague has been reporting a very good economic performance, the CSU vice-president Marek Rojicek said.

 

The CSU data show that the economic performance of the Czech Republic was at 88 percent of the EU average in 2016. Prague was at 182 percent.

 

Regions with a bigger share of services and production with higher value added are doing better, causing a faster increase in wages and standard of living, which was confirmed by comparing regional data in 1996-2016, Rojicek said.

 

Prague’s share in the country’s GDP has grown from 20 percent to 25 percent over the past 20 years, CSU’s annual national accounts department head Vladimir Kermiet said.

 

The Central Bohemia and South Moravia regions are best in terms of agriculture performance of the Czech Republic, while the Central Bohemia and Moravia-Silesia regions excel in industry.

 

Prague reports best results in construction, thanks to the construction of flats, services, banking, health care and education.

 

Selected regions’ GDP (based on purchasing power parity) per capita (EU28 = 100 pct):

 

ranking

region

country

2015 (pct)

1.

Luxembourg

Luxembourg

264

2.

Hamburg

Germany

206

3.

Brussels

Belgium

205

4.

Bratislava Region

Slovakia

188

5.

London

Britain

184

6.

Prague

Czech Republic

183

7.

Upper Bavaria

Germany

178

8.

Paris

France

176

9.

Stockholm

Sweden

174

16.

Vienna

Austria

155

65.

Berlin

Germany

119

 

Source: CSU

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