Slovakia recorded a Current Account deficit of 2.50 percent of the country's Gross Domestic Product in 2018.

Current Account to GDP in Slovakia averaged -4.32 percent from 1993 until 2018, 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.

Current Account to GDP in Slovakia is expected to be -2.60 percent by the end of this quarter, 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 -2.40 percent in 2020, according to our econometric models.

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Slovakia Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-2.50 -2.00 4.30 -10.60 1993 - 2018 percent Yearly

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.