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

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 October of 2020.

Current Account to GDP in Czech Republic is expected to reach -1.70 percent by the end of 2020, 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 -1.10 percent in 2021 and -0.50 percent in 2022, 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 29929.46 40770.70 57346.50 -39868.00 CZK Million [+]
Current Account 278.50 2910.36 4496.89 -4336.37 EUR Million [+]
Current Account to GDP -0.40 0.40 1.70 -6.20 percent [+]
Imports 293662.28 323456.64 400658.00 14204.00 CZK Million [+]
Exports 323591.74 364227.34 434614.00 9838.00 CZK Million [+]
External Debt 164410.00 163790.00 172504.10 8568.30 EUR Million [+]
Terms of Trade 103.60 103.70 104.30 92.60 points [+]
Capital Flows 27018.84 22176.27 181363.90 -69222.66 CZK Million [+]
Foreign Direct Investment 173747.07 2774600.85 3124230.64 83488.70 CZK Million [+]
Remittances 585.00 634.20 634.20 0.00 EUR Million [+]
Gold Reserves 9.00 7.80 13.87 7.80 Tonnes [+]
Weapons Sales 13.00 88.00 319.00 1.00 USD Million [+]
Terrorism Index 0.87 1.56 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.