Slovakia's current account deficit widened to EUR 364.4 million in June 2019 from EUR 276.7 million in the same month last year, as the primary income gap increased to EUR 230 million from EUR 205.2 million while the goods surplus fell sharply to EUR 33 million from EUR 218.7 million. Meanwhile, the secondary income deficit declined to EUR 289.6 million from EUR 372.7 million a year ago and the services surplus rose to EUR 122.3 million from EUR 82.5 million. Current Account in Slovakia averaged -177.77 EUR Million from 1997 until 2019, 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 -20.00 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.