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Czech Republic Among Most Open Economies in EU
In terms of foreign trade, the Czech Republic is one of the most open economies in the European Union, the Czech Statistical Office reports.
Czech Republic Among Most Open Economies in EU / Picture: © Vindobona.org
In 2011, exports came at 24.3% of the total industrial production. Imports reached 23.3% of the industrial output. According to the Czech Statistical Office, the Czech Republic is the ninth most open economy in the EU. The most important group of traded goods are machines and means of transportation.
Due to the increase in exports, the Czech economy is moving upwards again.…
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