Slovakia's current account deficit rose to EUR 336.5 million in April 2019 from EUR 120.3 million in the same month a year ago. The goods account shifted to a EUR 206.7 million deficit compared to a EUR 40.3 million surplus and the services surplus shrank to EUR 67.1 million from EUR 84.6 million. Meantime, the primary income deficit widened to EUR 210.7 million from EUR 153.9 million while the secondary income account shifted to a EUR 13.7 million surplus compared to a EUR 91.3 million shortfall in April 2018. Current Account in Slovakia averaged -178.74 EUR Million from 1997 until 2019, reaching an all time high of 431.50 EUR Million in February of 2013 and a record low of -1470 EUR Million in December of 2005.
Current Account in Slovakia is expected to be -250.00 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 Slovakia to stand at -480.00 in 12 months time. In the long-term, the Slovakia Current Account is projected to trend around -250.00 EUR Million in 2020, according to our econometric models.