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 July of 2021.

Current Account to GDP in Czech Republic is expected to reach -0.40 percent of GDP 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 -0.70 percent of GDP in 2022 and -1.00 percent of GDP 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 of GDP Yearly
NSA

Czech Republic Trade Last Previous Highest Lowest Unit
Balance of Trade 6347.00 20913.00 34037.00 -24297.00 CZK Million [+]
Current Account 3075.30 678.28 4496.89 -4336.37 EUR Million [+]
Current Account to GDP -0.40 0.40 1.70 -6.20 percent of GDP [+]
Imports 327918.00 328100.00 359454.00 14204.00 CZK Million [+]
Exports 334264.00 349013.00 377431.00 9838.00 CZK Million [+]
External Debt 164770.00 163880.00 172504.10 8568.30 EUR Million [+]
Terms of Trade 103.40 103.70 104.30 92.60 points [+]
Capital Flows -8524.66 39670.51 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 9.54 9.48 13.87 7.82 Tonnes [+]
Terrorism Index 0.32 0.87 2.48 0.01 [+]
Weapons Sales 6.00 31.00 316.00 1.00 SIPRI TIV Million [+]
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.