Czechia’s foreign debt fell to CZK 4,454 trillion in 2022

The Czech Republic’s foreign debt fell year-on-year by CZK 65 billion to CZK 4,454 trillion in 2022, according to preliminary data released by the Czech National Bank on Thursday.

The sum represented 65.7 percent of Czechia's GDP. During the last quarter of 2021 alone, the country’s foreign debt rose by CZK 47.9 billion.

The most indebted sector of the Czech economy is the banking sector, which makes up 39.6 percent of the country’s total foreign debt, followed by the government sector with 14.6 percent.