Czech Current Account Surplus at 4-Month Low

The Czech Republic’s current account surplus narrowed sharply to CZK 5.9 billion in March 2026 from CZK 27.1 billion in the same month of the previous year and below market expectations of CZK 13.1 billion. It marked the smallest current account surplus since November 2025, as the goods account surplus narrowed to CZK 48.7 billion from CZK 58.8 billion, while the services account surplus fell to CZK 3.3 billion from CZK 12.1 billion. Moreover, the primary income deficit widened to CZK 36.4 billion from CZK 30.3 billion in March 2025, while the secondary income deficit increased to CZK 9.7 billion from CZK 1.3 billion. Considering the first three months of the year, the country posted a current account surplus of CZK 52.4 billion.

The Czech Republic’s current account surplus narrowed to CZK 17.37 billion in February 2026 from CZK 49.71 billion in the same month last year, well below market expectations of a CZK 34.2 billion surplus. The goods account surplus declined to CZK 34.45 billion from CZK 45.31 billion, while the services account surplus also fell to CZK 3.64 billion from CZK 12.95 billion. In addition, the primary income gap widened to CZK 13.13 billion from CZK 4.51 billion, and the secondary income deficit increased to CZK 7.58 billion from CZK 4.04 billion. For the January–February period, the current account surplus narrowed sharply to CZK 46.54 billion from CZK 86.38 billion in the corresponding period a year ago.

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.