Slovakia's current account deficit narrowed to EUR 284 million in November 2019 from EUR 514 million in the same month of the previous year, as the goods account posted a EUR 4 million surplus, compared to a EUR 180 million gap. In addition, the services deficit fell to EUR 19 million from EUR 32 million last year, and the primary income gap declined to EUR 207 million from EUR 209 million. The secondary income deficit dropped to EUR 62 million from EUR 93 million. Current Account in Slovakia averaged -184.63 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 -150.00 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 -570.00 in 12 months time. In the long-term, the Slovakia Current Account is projected to trend around -590.00 EUR Million in 2020, according to our econometric models.