Czech Republic recorded a Current Account deficit of 0.40 percent of the country's Gross Domestic Product in 2019. source: Czech Statistical Office

Current Account to GDP in Czech Republic averaged -2.23 percent from 1993 until 2019, reaching an all time high of 1.70 percent in 2017 and a record low of -6.20 percent in 1996. This page provides - Czech Republic Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Czech Republic Current Account to GDP - values, historical data and charts - was last updated on May of 2021.

Current Account to GDP in Czech Republic is expected to reach 1.00 percent by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Czech Republic Current Account to GDP is projected to trend around 0.20 percent in 2022 and 0.50 percent in 2023, according to our econometric models.

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Czech Republic Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-0.40 0.40 1.70 -6.20 1993 - 2019 percent Yearly
NSA

Czech Republic Trade Last Previous Highest Lowest Unit
Balance of Trade 18500.00 22500.00 34135.00 -24091.00 CZK Million [+]
Current Account 678.28 3195.63 4496.89 -4336.37 EUR Million [+]
Current Account to GDP -0.40 0.40 1.70 -6.20 percent [+]
Imports 287278.00 274259.00 347683.00 14204.00 CZK Million [+]
Exports 309775.00 299995.00 362467.00 9838.00 CZK Million [+]
External Debt 163883.10 161316.40 172504.10 8568.30 EUR Million [+]
Terms of Trade 103.40 104.00 104.30 92.60 points [+]
Capital Flows 8651.02 19124.95 181363.90 -69222.66 CZK Million [+]
Foreign Direct Investment 146051.67 173747.07 3124230.64 83488.70 CZK Million [+]
Remittances 640.20 591.60 640.20 0.00 EUR Million [+]
Gold Reserves 9.48 8.87 13.87 7.82 Tonnes [+]
Weapons Sales 6.00 31.00 316.00 1.00 USD Million [+]
Terrorism Index 0.32 0.87 2.48 0.01 [+]
Crude Oil Production 2.00 2.00 7.00 1.00 BBL/D/1K [+]


Czech Republic 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.