Czechia Current Account Deficit Widens in July

The Czech Republic’s current account deficit widened to CZK 34.2 billion in July 2026, from CZK 27.0 billion in July 2025. The deterioration was mainly driven by a wider secondary income deficit, which increased to CZK 8.4 billion from CZK 6.4 billion, while the goods and services surplus narrowed to CZK 15.8 billion from CZK 22.0 billion. Within this, the goods surplus fell to CZK 10.7 billion from CZK 11.9 billion, while the services surplus halved to CZK 5.1 billion from CZK 10.1 billion. Meanwhile, the primary income deficit narrowed to CZK 41.6 billion from CZK 42.6 billion.

The Czech Republic’s current account deficit widened to CZK 80.5 billion in June 2026 from CZK 64.2 billion in the corresponding month a year earlier, far exceeding market expectations of CZK 46.8 billion. This marked the largest deficit since August 2022, as the primary income deficit widened to CZK 125.7 billion from CZK 113.2 billion. Meanwhile, the secondary income deficit eased to CZK 0.3 billion from CZK 1.7 billion, while the goods surplus narrowed to CZK 34.8 billion from CZK 41.5 billion. Conversely, the services surplus increased to CZK 10.8 billion from CZK 9.3 billion.

The Czech Republic’s current account deficit widened to CZK 38.3 billion in May 2026 from CZK 17.6 billion a year earlier, far exceeding market expectations of a CZK 25 billion deficit. This marked a return to deficit after five consecutive months of surpluses. The primary income account deficit widened to CZK 66.3 billion from CZK 49.8 billion in May 2025, while the secondary income account deficit also increased to CZK 7.9 billion from CZK 2.8 billion. At the same time, the goods account surplus narrowed to CZK 24.2 billion from CZK 26.5 billion. In contrast, the services account surplus expanded to CZK 11.7 billion from CZK 8.4 billion.