The current account surplus in the Czech Republic widened to EUR 1,319 million in the second quarter of 2019 from EUR 207.1 million in the same period of the previous year. The goods and services surplus increased to EUR 4,592 million from EUR 4,051 million a year ago while the primary income shortfall narrowed to EUR 3,182.7 million from EUR 3,347.4 million. In addition, the secondary income gap fell to EUR 90.3 million from EUR 496.6 million. Current Account in Czech Republic averaged -479.79 EUR Million from 1993 until 2019, reaching an all time high of 4418.70 EUR Million in the first quarter of 2016 and a record low of -4336.40 EUR Million in the third quarter of 2010.
Current Account in Czech Republic is expected to be -1000.00 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 200.00 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.