Czech Republic posted a current account surplus of EUR 327.5 million in the second quarter of 2018 compared to a EUR 309.4 million deficit in the corresponding period of the previous year. The goods and services surplus widened to EUR 4144.8 million from EUR 4010.3 million in the three months to June of 2017, with the services surplus increasing to EUR 1391.2 million from EUR 1272.7 million amid higher receipts from transport, tourism and financial services. Also, the primary income deficit declined to EUR 3321.2 million from EUR 3725.6 million, mainly due to lower growth in dividends paid on direct investment and the secondary income deficit narrowed to EUR 496.1 million from EUR 594 million. Current Account in Czech Republic averaged -520.50 EUR Million from 1993 until 2018, reaching an all time high of 4418.67 EUR Million in the first quarter of 2016 and a record low of -4336.37 EUR Million in the third quarter of 2010.
Current Account in Czech Republic is expected to be -1404.00 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 -470.00 in 12 months time. In the long-term, the Czech Republic Current Account is projected to trend around -370.00 EUR Million in 2020, according to our econometric models.