The Czech Republic current account balance shifted to a EUR 908.8 million deficit in the last quarter of 2019 from a EUR 760.8 million surplus in the same period of the previous year. The primary income gap widened to EUR 2850.2 million from 2037.5 million a year earlier and the secondary income surplus declined to EUR 16.6 million from EUR 150.7 million. On the other hand, the goods and services surplus narrowed to EUR 1924.8 million from EUR 2647.7 million, as the services surplus fell sharply to EUR 487.4 million from EUR 1183.5 billion. Considering full 2019, the country posted a EUR 824.6 billion current account shortfall, compared to a EUR 903.1 million surplus in 2018.
Current Account in Czech Republic averaged -503.93 EUR Million from 1993 until 2019, reaching an all time high of 4418.67 EUR Million in the first quarter of 2016 and a record low of -4336.37 EUR Million in the third quarter of 2010. This page provides - Czech Republic Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Czech Republic Current Account - data, historical chart, forecasts and calendar of releases - was last updated on April of 2020.
Current Account in Czech Republic is expected to be 2550.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Czech Republic to stand at -100.00 in 12 months time. In the long-term, the Czech Republic Current Account is projected to trend around -100.00 EUR Million in 2021 and -370.00 EUR Million in 2022, according to our econometric models.