The current account surplus in Slovakia widened to EUR 111 million in September 2018 from EUR 45 million in the corresponding month of the previous year, as the secondary income account posted a EUR 15 million surplus compared to a EUR 111 million deficit. Meanwhile, the goods surplus narrowed to EUR 201 million from EUR 217 million a year ago and the services surplus declined to EUR 85 million from EUR 116 million while the primary income gap increased to EUR 190 million from EUR 177 million. Considering January to September, the current account deficit was EUR 1.2 billion, almost unchanged from the same period of 2017. Current Account in Slovakia averaged -177.68 EUR Million from 1997 until 2018, reaching an all time high of 431.50 EUR Million in February of 2013 and a record low of -1470 EUR Million in December of 2005.
Current Account in Slovakia is expected to be -300.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Slovakia to stand at -20.00 in 12 months time. In the long-term, the Slovakia Current Account is projected to trend around -250.00 EUR Million in 2020, according to our econometric models.