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

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 January of 2021.

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 222.90 837.70 837.70 -865.00 EUR Million [+]
Current Account 274.80 299.10 431.50 -1470.00 EUR Million [+]
Current Account to GDP -2.90 -2.60 4.30 -10.60 percent [+]
Imports 7307.00 7063.00 7590.00 287.00 EUR Million [+]
Exports 7530.00 7870.00 7870.00 312.00 EUR Million [+]
External Debt 111.37 113.02 113.02 35.63 EUR Billion [+]
Terms of Trade 99.87 100.36 127.54 75.55 points [+]
Foreign Direct Investment -975.10 201.60 2101.80 -975.10 EUR Million [+]
Capital Flows -282.05 -908.79 2844.23 -3997.08 EUR Million [+]
Gold Reserves 31.69 31.69 40.12 31.69 Tonnes [+]
Terrorism Index 0.03 0.06 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.