According to Eurostat, the number of multi-national companies headquartered in Prague have contributed significantly to the city’s impressive economic development, resulting in a GDP per inhabitant that is more than double the national average. Several regions in Ireland and Luxembourg have surpassed Prague’s economic performance.
A city’s high GDP per capita often results from a robust and diverse economic base driven by technology, finance, and manufacturing industries. Furthermore, a well-educated and skilled workforce contributes to higher productivity and innovation, further boosting the city’s economic output.
Compared to Warsaw and Paris, Prague exhibits significantly stronger economic performance, boasting a GDP per capita that is 25 percent higher. The contrast with Bratislava is also notable. However, the Slovak capital was ahead of Prague in 2013; over the past nine years, Prague’s GDP per inhabitant has grown by 48 percent, whereas Bratislava’s has increased by just 2 percent.
Berlin’s GDP per capita is just 60 percent of Prague’s. That said, Germany as a whole has a 30 percent higher GDP per capita compared to Czechia.