The Czech Republic is a high-growth market for the sharing economy industry but its currently dominated by local players.Download the Full Index
Marketplace Expansion Index Rank
Down 2 Spots from 2018 Index Rank of #21
- Government is cautiously supportive of sharing economy / trying to establish a regulatory framework
- Ideal geography (serves large ecommerce opportunities in Germany and Poland)
- Lowest corporate tax rate in Europe (19 percent)
- Local bank partner is required to clear Czech Koruna transactions
- Consumers prefer physical pickup locations for ecommerce purchases and paying in cash
- Negative public perception of many foreign-operated services
Facts You Can't Forget
Czech that Growth. 10.5 percent of purchases in the Czech Republic are done online and the market continues to grow at a rate of more than 20 percent.
Forget the Mall. There are 40,100 existing Czech online shops, the highest proportion per capita in Europe.
Making Plans. While Amazon doesn’t operate a Czech marketplace, the company has a significant presence in the country with over 5,000 full-time employees, most of whom are dedicated to servicing the German market.
For our full explanation, visit our methodology page
The fundamentals of any society and enterprise, including: payment infrastructure, ease of doing business, and Logistics Performance Index.
You’re only as good as your people. Factors in this category include: levels of English proficiency and participation in freelance employment.
This category assessed ecommerce opportunity size, retail ecommerce growth and ecommerce as a percentage of retail transactions.
The fate of foreign entrants, based on the volume of cross-border transactions and if a global marketplace dominates that geography.
"More than 43 percent of technical or non-food goods in the country are currently sold online, according to the study."
"The Czech economy is booming, but labour and skills shortages could create a bottleneck that would cramp future growth"
"The area of shared offices in Prague will grow by 66 percent year-on-year. Currently there are 43 shared office centres in Prague..."