Over the review period (1998‐2005), the Czech Republic's economy grew relatively slowly (+16%), and underwent further structural changes and integration in the European economy. The country acceded to the European Union
in May 2004. Imports and exports of goods and services represent more than two‐thirds of GDP, and more than 75% of the economy has been privatised. In percentage of GDP, the country has been the leading recipient of foreign direct investment among OECD
countries. While the service sector share in the economy has grown to 58.2%, agriculture has declined to 3.4% and industry still represents 38.4%.