Current Account in Slovakia

Slovakia Current Account | Economic News & Forecasts

Slovakia - Current Account

Economic growth decelerated sharply in the second quarter, likely dragged on by the external sector and weaker domestic demand. Industrial activity, led by the all-important automotive sector, deteriorated in the quarter, shrinking for the first time in 15 months in June, while exports fell for the first time in four-and-a-half years in Q2 as Germany, the country’s biggest export market, grapples with a marked downturn. Meanwhile, retail sales swung to decline in the quarter, pointing to a further loss of momentum in private consumption despite households turning less pessimistic. Moreover, business confidence was more downbeat on average, hinting at a continued fall in fixed investment growth. Meanwhile, prospects remained relatively grim at the outset of Q3: Business sentiment dived sharply into negative territory in July, while consumer confidence also lost ground in the month.

Slovakia - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)1.9  1.0  -1.7  -2.1  -2.1  

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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 Yield-0.36-4.12 %Sep 04
Exchange Rate1.100.65 %Sep 04
Stock Market3410.0 %Sep 04

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