Czech Republic recorded a Current Account surplus of 678.28 EUR Million in the fourth quarter of 2020. source: Czech National Bank

Current Account in Czech Republic averaged -396.74 EUR Million from 1993 until 2020, reaching an all time high of 4496.89 EUR Million in the first quarter of 2016 and a record low of -4336.37 EUR Million in the third quarter of 2010. This page provides - Czech Republic Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Czech Republic Current Account - data, historical chart, forecasts and calendar of releases - was last updated on May of 2021.

Current Account in Czech Republic is expected to be 1800.00 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 Czech Republic to stand at -1100.00 in 12 months time. In the long-term, the Czech Republic Current Account is projected to trend around -1100.00 EUR Million in 2022 and -370.00 EUR Million in 2023, according to our econometric models.

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Czech Republic Current Account

Actual Previous Highest Lowest Dates Unit Frequency
678.28 3195.63 4496.89 -4336.37 1993 - 2020 EUR Million Quarterly

Calendar GMT Actual Previous Consensus TEForecast
2020-06-12 08:00 AM Q1 €2731M €-909M € 2550M
2020-09-14 08:00 AM Q2 €278.5M €2910.4M € -200M
2020-12-14 09:00 AM Q3 €2591.4M €308.8M €-620M
2021-03-16 09:00 AM Q4 €678.3M €3195.6M
2021-06-11 08:00 AM Q1 €678.3M
2021-09-14 08:00 AM Q2
2021-12-14 09:00 AM Q3

News Stream
Czech Current Account Surplus Shrinks in Q2
The Czech Republic current account surplus narrowed to EUR 278.5 million in the second quarter of 2020 from EUR 1,106.2 million in the corresponding period of the previous year. The goods and services surplus shrank to EUR 2,243 million from EUR 4,542.2 million a year earlier and the secondary income account posted a EUR 379.9 million deficit, swinging from a EUR 0.6 million surplus. Meantime, the primary income gap fell to EUR 1,584.6 million from EUR 3z436.8 million.
Czech Current Account Surplus Largest in 3 Years
The Czech Republic current account surplus widened to EUR 2730.8 million in the first quarter of 2020 from EUR 1566.8 million in the corresponding month of the previous year. It was the largest current account surplus since the first quarter of 2017, as the primary income deficit narrowed sharply to EUR 604.2 million from EUR 1603.1 million a year earlier and the secondary income gap declined to EUR 573.2 million from EUR 970.4 million. On the other hand, the goods and services surplus decreased to EUR 3908.2 million from EUR 4140.3 million, as the good surplus fell to EUR 2515.7 million from EUR 2811.4 million.

Czech Republic Current Account
Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).