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.

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Slovakia Current Account

Actual Previous Highest Lowest Dates Unit Frequency
-92.00 -264.00 431.50 -1470.00 1997 - 2019 EUR Million Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2019-09-19 09:30 AM Jul €-353M €-308M €-320M
2019-10-18 10:25 AM Aug €-489.5M €-524.2M €-560M
2019-11-19 12:00 PM Sep €-193.1M €-434M € -20M
2019-12-20 08:30 AM Oct €-92M €-264M €-280M
2020-01-22 12:00 PM Nov €-92M €-560M


News Stream
2019-11-19
Slovak Current Account Balance Swings to Gap
Slovakia's current account balance shifted to a deficit of EUR 193.1 million in September 2019 compared to a surplus of EUR 108.4 million in the same month a year earlier, as the goods balance swung to a gap of EUR 27.5 million from a surplus of EUR 244.6 million and the services surplus decreased to EUR 104.3 million from EUR 126.8 million. Meantime, the primary income deficit decreased slightly to EUR 208.4 million from EUR 209.2 million in September 2018 while the secondary income shortfall widened to EUR 61.5 million from EUR 53.7 million.

2019-10-18
Slovak Current Account Gap Widens in August
Slovakia's current account deficit rose to EUR 489.5 million in August 2019 from EUR 447.8 million in the same month a year earlier, as the goods shortfall increased to EUR 403 million from EUR 327.9 million and the primary income deficit widened to EUR 189 million from EUR 141.4 million. Meanwhile, the services surplus rose to EUR 139.3 million from EUR 128.9 million in August 2019 and the secondary income gap decreased sharply to EUR 36.7 million from EUR 107.4 million.

2019-09-19
Slovak Current Account Deficit Widens in July
Slovakia's current account deficit widened to EUR 353 million in July 2019 from EUR 285 million in the same month last year, as the goods gap increased to EUR 241 million from EUR 164 million and the primary income deficit rose to EUR 191 million from EUR 164 million. Meanwhile, the services surplus went up to EUR 112 million from EUR 98 million a year ago, while the secondary income gap shrank to EUR 33 million from EUR 55 million. In January-July, the current account deficit widened to EUR 857 million from EUR 744 million in the same period of 2018.

2019-08-19
Slovak Current Account Deficit Widens in June
Slovakia's current account deficit widened to EUR 364.4 million in June 2019 from EUR 276.7 million in the same month last year, as the primary income gap increased to EUR 230 million from EUR 205.2 million while the goods surplus fell sharply to EUR 33 million from EUR 218.7 million. Meanwhile, the secondary income deficit declined to EUR 289.6 million from EUR 372.7 million a year ago and the services surplus rose to EUR 122.3 million from EUR 82.5 million.

2019-07-19
Slovakia Posts Current Account Deficit in May
Slovakia posted a current account deficit of EUR 127 million in May of 2019, swinging from a EUR 86.6 million surplus in the corresponding month of the previous year. The primary income gap widened to EUR 159.7 million from EUR 99.1 million a year earlier while the secondary income deficit went down to EUR 44.7 million from EUR 84.2 million. In addition, the goods surplus narrowed sharply to EUR 7.6 million from EUR 185.4 million and the services surplus fell to EUR 69.8 million from EUR 84.5 million.

2019-06-19
Slovak Current Account Gap Widens in April
Slovakia's current account deficit rose to EUR 336.5 million in April 2019 from EUR 120.3 million in the same month a year ago. The goods account shifted to a EUR 206.7 million deficit compared to a EUR 40.3 million surplus and the services surplus shrank to EUR 67.1 million from EUR 84.6 million. Meantime, the primary income deficit widened to EUR 210.7 million from EUR 153.9 million while the secondary income account shifted to a EUR 13.7 million surplus compared to a EUR 91.3 million shortfall in April 2018.


Slovakia Current Account
Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).

Slovakia Trade Last Previous Highest Lowest Unit
Balance of Trade 158.00 357.00 609.00 -865.00 EUR Million [+]
Current Account -92.00 -264.00 431.50 -1470.00 EUR Million [+]
Current Account to GDP -2.50 -2.00 4.30 -10.60 percent [+]
Imports 7152.00 7468.00 7590.00 287.00 EUR Million [+]
Exports 7309.00 7825.00 7825.00 312.00 EUR Million [+]
External Debt 105.50 103.45 105.50 35.63 EUR Billion [+]
Terms of Trade 100.54 100.04 127.54 75.55 points [+]
Capital Flows 298.42 -480.13 1745.33 -2076.71 EUR Million [+]
Foreign Direct Investment -21.10 431.80 2101.80 -1435.60 EUR Million [+]
Gold Reserves 31.69 31.69 40.12 31.69 Tonnes [+]
Terrorism Index 0.06 0.12 0.50 0.00 [+]
Weapons Sales 12.00 22.00 173.00 1.00 USD Million [+]
Crude Oil Production 0.20 0.20 1.60 0.20 BBL/D/1K [+]