Slovakia posted a current account gap of EUR 416.5 million in November of 2018, compared to a EUR 8.1 million surplus in the corresponding month of the previous year. The goods account recorded a deficit of EUR 183.0 million, switching from a EUR 220.7 million surplus a year ago. In addition, the services surplus advanced to EUR 67.5 million from EUR 46.6 million and the primary income shortfall fell to EUR 207.8 million from EUR 214 million. On the other hand, the secondary income deficit widened to EUR 93.2 million from EUR 45.2 million in November of 2017. Current Account in Slovakia averaged -178.53 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.