Czech+Republic+Economics

__Czech Republic Economics __

Currency: The official currency of the Czech Republic is the Czech crown (koruna), abbreviated as Kč, with the international abbreviation CZK. 1 crown consists of 100 hellers (haléř), abbreviated as hal. Heller coins have not been in use as of September 1, 2008, but hellers are still incorporated into merchandise prices. The final price is always rounded off to the nearest crown value.

As the official currency, the Czech crown is the best and often the only possible currency to use when paying. Although the Czech Republic is part of the European Union, the euro is not widely accepted here yet. Some stores, restaurants and hotels accept payments in euros but the exchange rate may not be very good. (Czech Currency) Currency Compared to the US: ﻿1 Czech crown is equal to .0549 US dollars. 1 US dollar is equal to 18.208 Czech crowns. (Czech Currency) **1 CZK = 0.0549 USD** (1 CZK = 0.0549 USD) 1 USD = 18.208 CZK (1 USD = 18.208 CZK)

Gross National Product: $258,959 billion (Economy Statistics)

Average Income: Disposable: 10,516 US dollars and 146,052 Korunas Gross: 13,020 US dollars and 187,248 Korunas (Economy Statistics )

How the Economics Impact the People, their Health, and their Ability to Raise a Family: The Czech Republic possesses a developed, high-income economy with a GDP per capita of 82% of the European Union average. One of the most stable and prosperous of the post-Communist states, the Czech Republic has seen a growth of over 6% annually in the last three years. Recent growth has been led by exports to the European Union, especially Germany and foreign investment, while domestic demand is reviving. This means that with the heavy amount of tourism and income coming into the Czech Republic, the people of the Czech Republic are prospering. When the people feel secure monetarily it positively affects their health and does not affect their ability to raise a family.


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