The Czech current account surplus narrowed to EUR 1.73 billion in the first quarter of 2019 from EUR 2.02 billion in the same period last year, as the goods surplus decreased to EUR 3.00 billion from EUR 3.19 billion while the secondary income deficit rose to EUR 1.05 billion from EUR 0.80 billion. Meanwhile, the services surplus widened to EUR 1.36 billion from EUR 1.23 billion a year ago while the primary income gap shrank to EUR 1.59 billion from EUR 1.60 billion. Current Account in Czech Republic averaged -496.64 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 180.00 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 2550.00 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.