Size & Growth of business services in the czech republic
Prague, Brno and Ostrava continue to serve as the main hubs of business services in the Czech Republic with more than 12,000 employees in each region.
Overview of business services centres in the Czech Republic
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Source: ABSL’s own study 2020
130,000
Total number of employees in 2021
180,000
Expected number of employees in 2025
330
Number of business services centres
“Our forecast prediction is that by 2025 our sector will be approaching 180 000 employees making us the largest sector of the Czech economy, far greater than the auto industry or the combined engineering industries as the Czech Republic moves to a truly digital global service environment.”
ABSL Czech Republic
In 2020, the business services sector in the Czech Republic grew at a rate of 5%. Its double-digit growth has been slowed by the spring period of uncertainty across the world economy due to COVID-19. Even so, more than half of the centers report growth, and a third did not increase or decrease the number of employees.
For 2021, 58% of Czech centers predict further expansion, and new investors are expected to arrive. Despite the COVID-19 slowdown in the economy, several new centers are planned to open in Prague, Brno and Ostrava. In total, they will create 10,000 new jobs.
5%
Employment growth in 2020
6%
Pre-COVID-19 prediction of the employment growth in 2021
5%
Post-COVID-19 prediction of the employment growth in 2021
Despite the COVID-19 pandemic, 53% of the surveyed centres plan to expand within the next 2 years mainly due to performing new activities and obtaining new customers. Compared to the previous years, the centres also plan to increasingly focus on stabilization and optimization of their current activities.
83%
of centres plan to expand or stabilize their activities in the next 2 years
What will be driving the expansion in the centres that plan to expand their operations in the next 2 years?
Source: ABSL Survey 2020