Slovakia recorded a Current Account deficit of 2.50 percent of the country's Gross Domestic Product in 2018. Current Account to GDP in Slovakia averaged -4.32 percent from 1993 until 2018, reaching an all time high of 4.30 percent in 1994 and a record low of -10.60 percent in 2005.

Current Account to GDP in Slovakia is expected to be -2.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Slovakia Current Account to GDP is projected to trend around -2.40 percent in 2020, according to our econometric models.

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Slovakia Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-2.50 -2.00 4.30 -10.60 1993 - 2018 percent Yearly

Slovakia Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.

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 [+]