Slovakia's current account deficit rose to EUR 631 million in March of 2020 from EUR 91.5 million in the same month a year earlier. The goods balance swung to a gap of EUR 440.5 million from a surplus of EUR 118.8 million in March of 2019 and the primary income shortfall widened to EUR 184.7 million from EUR 168.1 million. On the other hand, the services surplus advanced to EUR 78.6 million from EUR 57.6 million and the secondary income deficit narrowed to EUR 84.4 million from EUR 99.8 million.

Current Account in Slovakia averaged -187.16 EUR Million from 1997 until 2020, 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. This page provides - Slovakia Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Slovakia Current Account - data, historical chart, forecasts and calendar of releases - was last updated on June of 2020.

Current Account in Slovakia is expected to be -400.00 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 -570.00 in 12 months time. In the long-term, the Slovakia Current Account is projected to trend around -590.00 EUR Million in 2021, according to our econometric models.

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Slovakia Current Account

Actual Previous Highest Lowest Dates Unit Frequency
-631.00 -262.60 431.50 -1470.00 1997 - 2020 EUR Million Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-02-21 12:30 PM Dec €-328M €-260M €-480M
2020-03-20 12:30 PM Jan €-279.3M €-328M €-240M
2020-04-20 11:00 AM Feb €-266M €-328M € 105M
2020-05-22 11:00 AM Mar €-631M €-262.6M € -150M
2020-06-19 11:00 AM Apr €-631M
2020-07-20 11:00 AM May
2020-08-19 11:00 AM Jun € -400M
2020-09-18 09:30 AM Jul


News Stream
Slovak Current Account Gap Widens in March
Slovakia's current account deficit rose to EUR 631 million in March of 2020 from EUR 91.5 million in the same month a year earlier. The goods balance swung to a gap of EUR 440.5 million from a surplus of EUR 118.8 million in March of 2019 and the primary income shortfall widened to EUR 184.7 million from EUR 168.1 million. On the other hand, the services surplus advanced to EUR 78.6 million from EUR 57.6 million and the secondary income deficit narrowed to EUR 84.4 million from EUR 99.8 million.
2020-05-22
Slovak Current Account Balance Swings to Deficit
Slovakia's current account balance shifted to a deficit of EUR 266 million in February of 2020 compared to a surplus of EUR 111.2 million in the same month a year earlier. The goods balance swung to a gap of EUR 52.1 million from a surplus of EUR 133.1 million and the primary income account posted a EUR 148 million deficit, compared to a EUR 133.3 million surplus. On the other hand, the secondary income shortfall narrowed to EUR 128.7 million from EUR 213.6 million and the services surplus widened to EUR 62.9 million from EUR 58.5 million.
2020-04-20
Slovakia Current Account Deficit Narrows in December
Slovakia’s current account gap shrank to EUR 328.2 million in December 2019 from EUR 450.0 million in the same month of the previous year, as the goods deficit fell to EUR 168.0 million from EUR 397.7 million and the secondary income surplus widened to EUR 60.9 million from EUR 6.8 million. On the other hand, the primary income gap rose to EUR 241.1 million from EUR 175.0 million and the services surplus fell to EUR 20 million from EUR 115.9 million.
2020-02-21
Slovak Current Account Gap Narrows in November
Slovakia's current account deficit narrowed to EUR 284 million in November 2019 from EUR 514 million in the same month of the previous year, as the goods account posted a EUR 4 million surplus, compared to a EUR 180 million gap. In addition, the services deficit fell to EUR 19 million from EUR 32 million last year, and the primary income gap declined to EUR 207 million from EUR 209 million. The secondary income deficit dropped to EUR 62 million from EUR 93 million.
2020-01-22

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).