Slovakia Current Account Deficit Narrows

Slovakia's current account posted a surplus of €109.8 million in May 2026, compared with a €156.4 million deficit in the same month a year earlier. This marks its first monthly surplus in nearly three years after a prolonged period of consecutive deficits, primarily driven by a 90.4% year-on-year surge in the goods account to €447.2 million, the highest level in more than a decade. The services account also strengthened, with its surplus increasing 28.7% to €52.5 million. The secondary income account remained a drag on the current account, narrowing by 14.6% to €107.6 million. Meanwhile, the primary income account deteriorated, with its deficit widening 7.8% to €282.2 million. For the first five months of 2026, Slovakia's cumulative current account deficit narrowed to €843.3 million.

Slovakia's current account deficit narrowed to EUR 436.8 million in April 2026 from EUR 690.8 million in the same month of the previous year. Still, it remained the largest deficit since January, despite the goods deficit shrinking to EUR 139.5 million from EUR 262.1 million in April 2025, while the services surplus increased to EUR 45.6 million from EUR 40.1 million. Moreover, the primary income deficit narrowed to EUR 306.4 million from EUR 337.3 million, and the secondary income shortfall declined sharply to EUR 36.5 million from EUR 131.5 million a year earlier. For the January–April period, the country's total current account deficit stood at EUR 1,661 million.

Slovakia’s current account deficit narrowed to EUR 166 million in March 2026 from EUR 340.7 million in the same month a year earlier. It marked the smallest gap since October 2025, mainly driven by a sharp increase in the goods account surplus, which rose to EUR 285.3 million from EUR 26.5 million a year earlier. Meanwhile, the services account surplus fell to EUR 14.4 million from EUR 26.4 million in March 2025. At the same time, the primary income deficit widened to EUR 335.7 million from EUR 330 million, while the secondary income shortfall more than doubled to EUR 130 million from EUR 63.6 million. For the first quarter of 2026, the country’s total current account deficit reached EUR 1,154 million.