The current account deficit in Slovakia narrowed slightly to EUR 158 million in February of 2019 from EUR 159.1 million in the corresponding month of the previous year. The goods surplus advanced to EUR 125.7 million from EUR 38 million a year earlier and the services surplus went up to EUR 65.2 million from EUR 38 million. On the other hand, the primary income gap widened to EUR 143.9 million from EUR 114.7 million in February of 2018 and the secondary income shortfall jumped to EUR 205 million from EUR 139.1 million. Current Account in Slovakia averaged -179.28 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.