Czech Republic posted a current account surplus of EUR 666 million in the third quarter of 2019 compared to a EUR 2263 million deficit in the corresponding period of the previous year. The goods and services surplus widened sharply to EUR 11625 million from EUR 2837 million in the three months to September of 2019, with the services surplus increasing to EUR 3770 million from EUR 826 million amid higher receipts from transport, tourism, construction and financial services. Meanwhile, the primary income shortfall widened to EUR 9358 million from EUR 4639 million while the secondary income gap increased to EUR 1601 million to EUR 462. Current Account in Czech Republic averaged -454.03 EUR Million from 1993 until 2019, reaching an all time high of 4418.70 EUR Million in the first quarter of 2016 and a record low of -4336.40 EUR Million in the third quarter of 2010.
Current Account in Czech Republic is expected to be 500.00 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 -900.00 in 12 months time. In the long-term, the Czech Republic Current Account is projected to trend around -370.00 EUR Million in 2020, according to our econometric models.