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.


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Czech Republic Current Account

Actual Previous Highest Lowest Dates Unit Frequency
666.10 2929.30 4418.70 -4336.40 1993 - 2019 EUR Million Quarterly



Calendar GMT Actual Previous Consensus TEForecast
2019-03-15 09:00 AM Q4 €430.9M €-2037.3M € -420M
2019-06-13 08:00 AM Q1 €1730.9M €430.9M € 3870M
2019-09-13 08:00 AM Q2 €1319M €1701.5M € 180M
2019-12-13 09:00 AM Q3 €666M €2929M € -1000M
2020-03-13 09:00 AM Q4 €666M € 500M
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
2019-09-13
Czech Current Account Surplus Widens Sharply
The current account surplus in the Czech Republic widened to EUR 1,319 million in the second quarter of 2019 from EUR 207.1 million in the same period of the previous year. The goods and services surplus increased to EUR 4,592 million from EUR 4,051 million a year ago while the primary income shortfall narrowed to EUR 3,182.7 million from EUR 3,347.4 million. In addition, the secondary income gap fell to EUR 90.3 million from EUR 496.6 million.

2019-06-13
Czech Current Account Surplus Narrows in Q1
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.

2019-03-15
Czech Current Account Surplus Widens in Q4
The current account surplus in the Czech Republic widened to EUR 431 million in the fourth quarter of 2018 from EUR 200 million in the same period of the previous year. The secondary income account posted a EUR 151 million surplus, compared to a EUR 122 million deficit a year earlier; and the primary income gap narrowed to EUR 2,286 million from EUR 2,500 million. Meanwhile, the goods surplus decreased to EUR 1,409 million from EUR 1,582 million a year ago and the services surplus declined to EUR 1,158 million from EUR 1,240 million. Considering 2018 full year, the current account surplus narrowed sharply to EUR 624 million from EUR 3,051 million in 2017.


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).

Czech Republic Trade Last Previous Highest Lowest Unit
Balance of Trade 49040.00 40825.00 54987.00 -39868.00 CZK Million [+]
Current Account 666.10 2929.30 4418.70 -4336.40 EUR Million [+]
Current Account to GDP 0.30 1.10 1.60 -6.20 percent [+]
Imports 360396.00 384511.00 400658.00 14204.00 CZK Million [+]
Exports 409436.00 425336.00 434614.00 9838.00 CZK Million [+]
External Debt 171465.90 170066.50 171883.60 8568.30 EUR Million [+]
Terms of Trade 100.50 100.90 104.30 92.60 points [+]
Capital Flows 8309.51 4338.63 181363.90 -58086.58 CZK MN [+]
Foreign Direct Investment 114674.21 173269.05 2804688.11 11440.56 CZK Million [+]
Remittances 484.60 564.70 585.70 0.00 EUR Million [+]
Gold Reserves 7.99 8.15 13.87 7.99 Tonnes [+]
Terrorism Index 0.87 1.56 2.48 0.01 [+]
Weapons Sales 64.00 98.00 319.00 1.00 USD Million [+]
Crude Oil Production 2.00 1.00 7.00 1.00 BBL/D/1K [+]