Czech Republic Current Account Shifts to Deficit

The Czech Republic’s current account posted a surplus of CZK 29.2 billion in January 2026, narrowing from CZK 36.7 billion in the corresponding month of the previous year. The contraction was driven by smaller surplus seen in the goods account, which fell to CZK 33.47 billion from CZK 34.87 billion in January 2025, as well as the services account, which declined to CZK 4.61 billion from CZK 10.52 billion. Additionally, the primary income account deficit widened to CZK 14.19 billion from CZK 9.75 billion. On the other hand, the secondary income account surplus expanded to CZK 5.28 billion from CZK 1.04 billion a year ago. For the full year 2025, the country recorded a surplus of CZK 57.84 billion, down from CZK 140.51 billion in 2024.

The Czech Republic current account surplus narrowed to CZK 8.51 billion in December 2025 from CZK 14.07 billion a year earlier, marking the fourth consecutive month of a surplus. The services account surplus fell to CZK 7.76 billion from CZK 9.46 billion in December 2024, while the primary income account deficit widened sharply to CZK 26.61 billion from CZK 13.02 billion. Meanwhile, the goods account surplus increased to CZK 27.30 billion from CZK 23.71 billion, and the secondary income account swung into a surplus of CZK 0.1 billion from a deficit of CZK 6.08 billion. For the full year 2025, the country recorded a surplus of CZK 57.84 billion, down from CZK 140.51 billion last year.

The Czech Republic current account surplus narrowed to CZK 8.16 billion in November 2025 from CZK 9.55 billion in the corresponding month last year, coming in slightly below market expectations of CZK 8.7 billion. This marked the third consecutive month of a positive reading, albeit at a softer pace, as the goods account surplus shrank to CZK 32.97 billion from CZK 40.89 billion in November 2024. At the same time, the secondary income deficit widened to CZK 9.93 billion from CZK 7.33 billion. Meanwhile, the services account swung to a surplus of CZK 7.51 billion, reversing a CZK 1.10 billion deficit a year earlier, while the primary income deficit narrowed slightly to CZK 22.39 billion from CZK 22.91 billion.