Current Account in Czech Republic

Czech Republic Current Account | Economic News & Forecasts

Czech Republic - Current Account

The economy kept pace in the second quarter, underpinned by resilient domestic demand and an improvement in the external sector. Household and government spending sustained the domestic economy, amid a tight labor market, while fixed investment fell notably, hit by souring economic conditions in the EU. Turning to the third quarter, activity seems to be softening, as suggested by the manufacturing PMI sinking deeper into negative territory in July amid falling output and new orders, and sentiment in the industrial sector remaining at a near six-year low in August. In politics, President Milos Zeman appointed a new culture minister on 27 August, ending a dispute which could have caused the government to collapse. The resolution came after the Social Democrats, the junior coalition member in Prime Minister Andrej Babis’ minority government, proposed an alternative candidate for the post.

Czech Republic - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-0.5  0.2  0.2  1.6  1.4  

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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

ValueChangeDate
Bond Yield1.07-1.85 %Sep 04
Exchange Rate23.44-0.66 %Sep 04
Stock Market1,028-0.10 %Sep 04

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