Slovakia's current account deficit shrank to EUR 92 million in October 2019 from EUR 291 million in the same month of the previous year. It is the smallest current account shortfall since May, as the goods surplus rose sharply to EUR 175.1 million from EUR 41.8 million and the services deficit fell to EUR 32.8 million from EUR 33.2 million. Meantime, the primary income gap decreased to EUR 191.8 million from EUR 204.8 million and the secondary income deficit also went down to EUR 42.5 million from EUR 95 million. Current Account in Slovakia averaged -184.11 EUR Million from 1997 until 2019, reaching an all time high of 431.50 EUR Million in February of 2013 and a record low of -1470 EUR Million in December of 2005.
Current Account in Slovakia is expected to be 0.00 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 Slovakia to stand at -100.00 in 12 months time. In the long-term, the Slovakia Current Account is projected to trend around -590.00 EUR Million in 2020, according to our econometric models.