Czechia
The light green area is the rest of the European Union
Czechia was the 44th largest economy in the world by nominal GDP in 2018. GDP per capita is $23,078 USD. It is a well-developed and open economy. Czechia is ranked 14th in the World Bank's Human Capital Index, and trade was at 150 percent of GDP in 2018. Its economy is also diverse with a ranking of 9th in the Economic Complexity Index (2017). It is a member of the EU and OECD. Services was the largest economic sector in 2018 (56 percent of GDP), followed by manufacturing (23 percent), and agriculture (1.9 percent). In 2017, the largest export sectors were machinery (20 percent), vehicles (19 percent), electronics (14.3 percent), services (13.2 percent), and chemicals (8.59 percent). The largest individual exports were cars (10 percent), car parts (7.1 percent), ICT services (6.33 percent), computers (3.7 percent), and travel and tourism (3.4 percent). Its largest export partners were Germany (31 percent), Slovakia (7.8 percent), and Poland 6.12 percent. The largest goods imports were parts of motor vehicles (5.6 percent), parts and accessories for office machines (4.97 percent), and transmission apparatus for radio, telephone, and TV (4.25 percent). Czechoslovakian industry was already well developed by the start of World War Two and survived the war largely intact. Following the fall of communism in 1989 and the dissolution of Czechoslovakia in 1993, Czechia took advantage of its large established industrial base and central location by increasing foreign investment. It quickly became a key country in the global supply chain for cars and other manufactured goods. Growth was interrupted by the global financial crisis but had recovered by 2015. Since 2014, the government has introduced reforms to further increase investment and welfare, and to decrease corruption and tax evasion. The government also plans to reform the labour market in order to address labour shortages resulting from low unemployment and labour market rigidities.