Current Account in Czech Republic

Czech Republic Current Account | Economic News & Forecasts

Czech Republic - Current Account

The conservative SPOLU alliance secured a narrow victory over Prime Minister Andrej Babis’ ANO party in the 8–9 October parliamentary elections, followed at a considerable distance by the Pirate Party-led coalition and the right-wing Freedom and Direct Democracy Party. SPOLU and the Pirates recently reached an agreement on several program issues, although the formation of a new government has been delayed by President Zeman falling ill. A Senate session to deal with a possible transfer of the president’s power is scheduled for 9 November, to be followed by a subsequent session in the lower house. Meanwhile, the economy likely expanded again in Q3 amid improving consumer confidence and strong PMI readings, although growth has likely weakened moving into Q4 on cooling economic sentiment. Moreover, authorities tightened restrictions in late October amid surging Covid-19 cases, boding ill for activity.

Czech Republic - Current Account Data

2015   2016   2017   2018   2019  
Current Account (% of GDP)0.2  1.6  1.4  0.6  -     

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Czech Republic Current Account Chart

CzechRepublic Current Account
Note: Current account balance as % of GDP.
Source: Czech National Bank and FocusEconomics calculations.

Czech Republic Facts

Value Change Date
Bond Yield1.64-1.85 %Dec 31
Exchange Rate22.76-0.66 %Dec 30

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