Current Account in Slovakia

Slovakia Current Account | Economic News & Forecasts

Slovakia - Current Account

A preliminary estimate suggests growth decelerated in the fourth quarter, likely reflecting the deteriorating European backdrop. Industrial production slowed amid the wider regional downturn, bruising export growth in the quarter. Domestic demand, however, appeared upbeat in Q4 as lower inflation and a tight labor market propelled retail sales. Meanwhile, business confidence within the industrial sector dipped into negative territory in January, even though new orders in the all-important automotive industry should cushion any further pullback in industrial production over the coming months. In other news, Donald Trump struck fear into European carmakers on 20 February by threatening to impose import tariffs on cars. The move would deal a big blow to the Slovak industrial sector, as it is deeply linked to the European supply chain.

Slovakia - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)1.9  1.0  -1.7  -1.4  -2.2  

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Slovakia Current Account Chart

Slovakia Current Account
Note: Current account balance as % of GDP.
Source: Bank of Slovakia.

Slovakia Facts

Bond Yield0.45-4.12 %Mar 11
Exchange Rate1.120.65 %Mar 11
Stock Market3430.0 %Mar 11

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