Current Account in Slovakia

Slovakia Current Account (EUR bn) | Economic News & Forecasts

Slovakia - Current Account (billions of Euros)

After the economy expanded at the slowest pace in nearly six years in the third quarter, incoming data for the final quarter of last year is mixed. On the one hand, the unemployment rate was stable in October–November, while credit to households and non-financial corporations grew solidly in November, which should have supported private consumption and fixed investment in the quarter. On the other hand, sentiment in the industrial sector deteriorated in Q4 from the previous quarter against a backdrop of falling production expectations and decreasing order numbers. Moreover, industrial output fell, on average, at a faster clip in October–November compared to Q3 on subdued external demand. That said, confidence in the industrial sector swung back to positive territory in January amid firms’ increased expectations for production in the coming three months, boding well for the first quarter of the year.

Slovakia - Current Account (EUR bn) Data

2014   2015   2016   2017   2018  
Current Account Balance (EUR bn)0.9  -1.4  -1.8  -1.7  -2.3  

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Slovakia Current Account (EUR bn) Chart


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

Slovakia Facts

Value Change Date
Bond Yield0.13-4.12 %Dec 31
Exchange Rate1.120.65 %Dec 31

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