Economy and Business

Gross value added per capita shows how much value is produced by one resident of a given city, excluding intermediate consumption. While Prague is more productive than some larger cities such as Budapest or Barcelona, it is gradually losing its lead over Warsaw, which is becoming the region's dominant competitor. Vienna, on the other hand, has been stagnating for some time, as has Barcelona. Traditionally, financial centers such as Zurich and Amsterdam have the highest GVA.

Chart: GVA per capita in Euros

Year: 2012-2019

Area: NUTS 3

*Source: Eurostat

R&D intensity - R&D expenditure per capita - shows us the cities in which knowledge-intensive firms operate. Traditionally, these have been Copenhagen, Munich, and Vienna. Although Prague is gradually falling behind in terms of gross value added, Prague-based companies are spending more and more money on R&D. If this trend can be sustained and developed, Prague could become a sought-after center for knowledge-intensive companies, in turn promoting its economic and technological development. 

Chart: Research and development expenditure to GDP ratio

Year: 2011-2019

Area: NUTS 3

*Source: Eurostat