The Czech Republic current account surplus widened to EUR 2730.8 million in the first quarter of 2020 from EUR 1566.8 million in the corresponding month of the previous year. It was the largest current account surplus since the first quarter of 2017, as the primary income deficit narrowed sharply to EUR 604.2 million from EUR 1603.1 million a year earlier and the secondary income gap declined to EUR 573.2 million from EUR 970.4 million. On the other hand, the goods and services surplus decreased to EUR 3908.2 million from EUR 4140.3 million, as the good surplus fell to EUR 2515.7 million from EUR 2811.4 million.
Current Account in Czech Republic averaged -466.79 EUR Million from 1993 until 2020, reaching an all time high of 4496.89 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 July of 2020.
Current Account in Czech Republic is expected to be -200.00 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 1800.00 in 12 months time. In the long-term, the Czech Republic Current Account is projected to trend around -1100.00 EUR Million in 2021 and -370.00 EUR Million in 2022, according to our econometric models.