Prague
Prague (/ˈprɑːɡ/ PRAHG; Czech: Praha [ˈpraɦa] ⓘ; German: Prag [pʁaːk] ⓘ; Latin: Praga) is the capital and largest city of the Czech Republic[9] and the historical capital of Bohemia. On the Vltava river, Prague is home to about 1.4 million people.[10] The city has a temperate oceanic climate, with relatively warm summers and chilly winters.
"Praha" redirects here. For other uses, see Praha (disambiguation).
Prague
Praha (Czech)
8th century
496.21 km2 (191.59 sq mi)
298 km2 (115 sq mi)
11,425 km2 (4,411 sq mi)
399 m (1,309 ft)
172 m (564 ft)
1,384,732
2,800/km2 (7,200/sq mi)
2,267,817[4]
237/km2 (610/sq mi)
Praguer, Pragueite
€78.414 billion (2022)
€109.990 billion (2022)
CZ-10
A, AA – AZ
Prague is a political, cultural, and economic hub of central Europe, with a rich history and Romanesque, Gothic, Renaissance and Baroque architectures. It was the capital of the Kingdom of Bohemia and residence of several Holy Roman Emperors, most notably Charles IV (r. 1346–1378) and Rudolf II (r. 1575–1611).[9]
It was an important city to the Habsburg monarchy and Austro-Hungarian Empire. The city played major roles in the Bohemian and the Protestant Reformations, the Thirty Years' War and in 20th-century history as the capital of Czechoslovakia between the World Wars and the post-war Communist era.[11]
Prague is home to a number of well-known cultural attractions, many of which survived the violence and destruction of 20th-century Europe. Main attractions include Prague Castle, Charles Bridge, Old Town Square with the Prague astronomical clock, the Jewish Quarter, Petřín hill and Vyšehrad. Since 1992, the historic center of Prague has been included in the UNESCO list of World Heritage Sites.
The city has more than ten major museums, along with numerous theatres, galleries, cinemas, and other historical exhibits. An extensive modern public transportation system connects the city. It is home to a wide range of public and private schools, including Charles University in Prague, the oldest university in Central Europe.
Prague is classified as a "Alpha-" global city according to GaWC studies.[12] In 2019, the city was ranked as 69th most livable city in the world by Mercer.[13] In the same year, the PICSA Index ranked the city as 13th most livable city in the world.[14] Its rich history makes it a popular tourist destination and as of 2017, the city receives more than 8.5 million international visitors annually. In 2017, Prague was listed as the fifth most visited European city after London, Paris, Rome, and Istanbul.[15]
UNESCO World Heritage Site
Prague's economy accounts for 25% of the Czech GDP[88] making it the highest performing regional economy of the country. As of 2021, its GDP per capita in purchasing power standard is €58,216, making it the third best performing region in the EU at 203 per cent of the EU-27 average in 2021.[89]
Prague employs almost a fifth of the entire Czech workforce, and its wages are significantly above average (≈+20%). In 4Q/2020, during the pandemic, average salaries available in Prague reached CZK 45.944 (≈€1,800) per month, an annual increase of 4%, which was nevertheless lower than national increase of 6.5% both in nominal and real terms. (Inflation in the Czech Republic was 3.2% in 4Q/2020.)[90][91] Since 1990, the city's economic structure has shifted from industrial to service-oriented. Industry is present in sectors such as pharmaceuticals, printing, food processing, manufacture of transport equipment, computer technology, and electrical engineering. In the service sector, financial and commercial services, trade, restaurants, hospitality and public administration are the most significant. Services account for around 80 per cent of employment. There are 800,000 employees in Prague, including 120,000 commuters.[88] The number of (legally registered) foreign residents in Prague has been increasing in spite of the country's economic downturn. As of March 2010, 148,035 foreign workers were reported to be living in the city making up about 18 per cent of the workforce, up from 131,132 in 2008.[92] Approximately one-fifth of all investment in the Czech Republic takes place in the city.
Almost one-half of the national income from tourism is spent in Prague. The city offers approximately 73,000 beds in accommodation facilities, most of which were built after 1990, including almost 51,000 beds in hotels and boarding houses.
From the late 1990s to late 2000s, the city was a common filming location for international productions such as Hollywood and Bollywood motion pictures. A combination of architecture, low costs and the existing motion picture infrastructure have proven attractive to international film production companies.
The modern economy of Prague is largely service and export-based and, in a 2010 survey, the city was named the best city in Central and Eastern Europe (CEE) for business.[93]
In 2005, Prague was deemed among the three best cities in Central and Eastern Europe according to The Economist's livability rankings.[94] The city was named as a top-tier nexus city for innovation across multiple sectors of the global innovation economy, placing 29th globally out of 289 cities, ahead of Brussels and Helsinki for innovation in 2010.[95]
Na příkopě is the most expensive street among all the states of the V4.[96] In 2017, with the amount of rent €2,640 (CZK 67,480) per square meter per year, ranked on 22nd place among the most expensive streets in the world.[97] The second most expensive is Pařížská street.
In the Eurostat research, Prague ranked fifth among Europe's 271 regions in terms of gross domestic product per inhabitant, achieving 172 per cent of the EU average. It ranked just above Paris and well above the country as a whole, which achieved 80 per cent of the EU average.[98][99]
Companies with highest turnover in the region in 2014:[100]
Prague is also the site of some of the most important offices and institutions of the Czech Republic