The region's economy focuses on traditional agriculture, processing industry and services. Conditions for further development of the region are its attractive location, transport accessibility, developed infrastructure, enough qualified labour force and entry of foreign investors. In 2011, the total economically active population of the Olomouc Region was 307.2 thousand people, of which 283.9 thousand were employed and 23.3 thousand unemployed. The unemployment rate in 12/2022 was 3,6%. The Olomouc Region is an industrial area with developed services. The economy of the
Hanakian districts is more stable and diverse than the economy of the Jeseník District and northern part of the Šumperk District. The latter two districts belong to economically weaker regions due to their position, transport accessibility and disturbance of social and economic life after the
Second World War (
displacement of German population). The gross domestic product of the Olomouc Region amounted to 4.7% of the nation GDP in 2021. The GDP per capita of the region reaches 79.4% of the national average. The average monthly wage of employees in the region reached 36,481 CZK (EUR 1520) in 3Q/2022. Significant sectors of the region's economy are agriculture, food industry, textile and clothing industry, manufacture of machinery, optics and optical equipment. In 2011, there were 138,970 businesses, organisations and entrepreneurs based in the region. Most of them were private entrepreneurs registered according to the trade law (76.6%) and business companies (8.4%). 157 industrial enterprises had 100 or more employees, employing in total 41,222 employees.
Agriculture The share of
arable land was 39.4% in 2011 but was showing a decreasing trend over past years while the share of non-agricultural land has been increasing and reached 46.9% in 2011. Southern and central parts of the region belong to areas with the most fertile land. Crop yields (
barley,
wheat, rape and industrial sugar beet) reach the highest amounts of the entire country.
Transport Transport accessibility of the region is provided by 3,582 km of roads, of which only 12.3% are first class roads. The motorways with two lanes connect
Olomouc with
Brno (I/46),
Ostrava (I/35 followed by
D1) and the
Pardubice Region (I/35). Once finished, the
d1 motorway will connect
Brno with
Ostrava and will cross the southern part of Olomouc Region. There is 601 km of railways in the region. Important rail junctions are in
Olomouc and
Přerov. The railway network is spread equally all over the Region´s territory. Road network is denser in the southern flat part of the Region. Near to the city of Olomouc there is an airport for small airliners, which obtained status of an international airport.
Tourism The Olomouc Region belongs to regions with the smallest number of accommodation establishments. In 2009 there were 338 collective accommodation establishments. These were placed primarily in the
Jeseník District and the
Šumperk District that are most visited by tourists. ==Quality of life==