The Czech Republic current account surplus narrowed to EUR 278.5 million in the second quarter of 2020 from EUR 1,106.2 million in the corresponding period of the previous year. The goods and services surplus shrank to EUR 2,243 million from EUR 4,542.2 million a year earlier and the secondary income account posted a EUR 379.9 million deficit, swinging from a EUR 0.6 million surplus. Meantime, the primary income gap fell to EUR 1,584.6 million from EUR 3z436.8 million.

Current Account in Czech Republic averaged -460.02 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 October of 2020.

Current Account in Czech Republic is expected to be -1500.00 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 100.00 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.

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Czech Republic Current Account

Actual Previous Highest Lowest Dates Unit Frequency
278.50 2910.36 4496.89 -4336.37 1993 - 2020 EUR Million Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2019-12-13 09:00 AM Q3 €666M €2929M € -1000M
2020-03-16 09:00 AM Q4 €-909M €-2469M € 500M
2020-06-12 08:00 AM Q1 €2731M €-909M € 2550M
2020-09-14 08:00 AM Q2 €278.5M €2910.4M € -200M
2020-12-14 09:00 AM Q3 €278.5M € -1500M


News Stream
Czech Current Account Surplus Shrinks in Q2
The Czech Republic current account surplus narrowed to EUR 278.5 million in the second quarter of 2020 from EUR 1,106.2 million in the corresponding period of the previous year. The goods and services surplus shrank to EUR 2,243 million from EUR 4,542.2 million a year earlier and the secondary income account posted a EUR 379.9 million deficit, swinging from a EUR 0.6 million surplus. Meantime, the primary income gap fell to EUR 1,584.6 million from EUR 3z436.8 million.
2020-09-14
Czech Current Account Surplus Largest in 3 Years
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.
2020-06-12
Czech Current Account Balance Swings to Deficit in Q4
The Czech Republic current account balance shifted to a EUR 908.8 million deficit in the last quarter of 2019 from a EUR 760.8 million surplus in the same period of the previous year. The primary income gap widened to EUR 2850.2 million from 2037.5 million a year earlier and the secondary income surplus declined to EUR 16.6 million from EUR 150.7 million. On the other hand, the goods and services surplus narrowed to EUR 1924.8 million from EUR 2647.7 million, as the services surplus fell sharply to EUR 487.4 million from EUR 1183.5 billion. Considering full 2019, the country posted a EUR 824.6 billion current account shortfall, compared to a EUR 903.1 million surplus in 2018.
2020-03-16
Czech Current Account Balance Swings to Surplus in Q3
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.
2019-12-13

Czech Republic 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).