Slovakia recorded a Current Account deficit of 2.90 percent of the country's Gross Domestic Product in 2019.

Current Account to GDP in Slovakia averaged -4.30 percent from 1993 until 2019, reaching an all time high of 4.30 percent in 1994 and a record low of -10.60 percent in 2005. This page provides - Slovakia Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Slovakia Current Account to GDP - values, historical data and charts - was last updated on August of 2020.

Current Account to GDP in Slovakia is expected to reach -2.60 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Slovakia Current Account to GDP is projected to trend around -2.80 percent in 2021 and -2.40 percent in 2022, according to our econometric models.

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Slovakia Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-2.90 -2.60 4.30 -10.60 1993 - 2019 percent Yearly

Slovakia Trade Last Previous Highest Lowest Unit
Balance of Trade 709.90 219.70 709.90 -865.00 EUR Million [+]
Current Account -101.20 -666.90 431.50 -1470.00 EUR Million [+]
Current Account to GDP -2.90 -2.60 4.30 -10.60 percent [+]
Imports 5686.00 4396.00 7590.00 287.00 EUR Million [+]
Exports 6396.00 4596.00 7831.00 312.00 EUR Million [+]
External Debt 105.73 105.38 105.73 35.63 EUR Billion [+]
Terms of Trade 99.91 101.59 127.54 75.55 points [+]
Foreign Direct Investment 270.70 323.40 2101.80 -1435.60 EUR Million [+]
Capital Flows -361.87 -722.38 2844.23 -3997.08 EUR Million [+]
Gold Reserves 31.70 31.69 40.12 31.69 Tonnes [+]
Terrorism Index 0.06 0.12 0.50 0.00 [+]
Weapons Sales 12.00 22.00 173.00 1.00 USD Million [+]
Crude Oil Production 0.20 0.20 1.60 0.20 BBL/D/1K [+]


Slovakia Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.