Slovakia current account deficit widened slightly to EUR 443.4 million in the last three months of 2018 from EUR 442.8 million a year earlier. The goods gap went up to EUR 293.5 million from EUR 255.2 million and the services surplus narrowed to EUR 13.9 million from EUR 45.7 million. On the other hand, the primary income gap fell to EUR 171.1 million from EUR 204.6 million and the secondary income account switched to a EUR 7.3 million surplus from a EUR 28.8 million deficit. Considering full 2018, the country recorded a EUR 2254.8 million current account deficit, much wider than a EUR 1689.8 million gap in 2017. Current Account in Slovakia averaged -179.71 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 400.00 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 -480.00 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.