Czech Republic recorded a Current Account surplus of 3.60 percent of the country's Gross Domestic Product in 2020. source: Czech Statistical Office

Current Account to GDP in Czech Republic averaged -1.99 percent of GDP from 1993 until 2020, reaching an all time high of 3.60 percent of GDP in 2020 and a record low of -6.20 percent of GDP 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 September 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
3.60 0.30 3.60 -6.20 1993 - 2020 percent of GDP Yearly
NSA

Czech Republic Trade Last Previous Highest Lowest Unit
Balance of Trade -7200.00 -6082.00 34037.00 -24297.00 CZK Million [+]
Current Account 1075.50 2730.60 4496.89 -4336.37 EUR Million [+]
Current Account to GDP 3.60 0.30 3.60 -6.20 percent of GDP [+]
Imports 307054.00 347205.00 359270.00 14204.00 CZK Million [+]
Exports 299809.00 341123.00 377266.00 9838.00 CZK Million [+]
External Debt 164767.70 163884.40 172504.10 8568.30 EUR Million [+]
Terms of Trade 103.40 102.70 104.30 92.60 points [+]
Capital Flows -42292.07 27064.57 181363.90 -60570.41 CZK Million [+]
Foreign Direct Investment 146051.67 173747.07 3124230.64 83488.70 CZK Million [+]
Remittances 540.10 640.20 640.20 0.00 EUR Million [+]
Gold Reserves 9.86 9.54 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 1.00 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.