Growth, driven by both internal and external demand, has been accelerating since 2013 and at 4.6% in 2017 it was more balanced than in previous years. Household consumption is supported by income growth, a declining savings rate as confidence is high, and by rising credit.
The economy of the Czech Republic is thriving, growth is high, unemployment rate is low and ﬁscal stance is positive. Strong demand from the external sector and household consumption boosted by high increases in wages are driving growth.
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The Czech Republic had the 7th highest tax wedge among the 35 OECD member countries in 2017. The country had the 8th highest position in 2016. The average single worker in the Czech Republic faced a tax wedge of 43.4% in 2017 compared with the OECD average of 35.9%.
The 2017 OECD R&D tax incentive country profiles provide detailed information on the design features and cost of tax provisions used by countries to incentivise R&D performance by businesses, reporting on both long-term and recent trends.
Government at a Glance provides a dashboard of key indicators to help you analyse international comparisons of public sector performance.
These notes present selected country highlights from the OECD Science, Technology and Industry Scoreboard 2017 with a specific focus on digital trends among all themes covered.
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This note presents selected findings based on the set of well-being indicators published in How's Life? 2017.