Czech Republic Current Account to GDP

Czech Republic recorded a Current Account deficit of 2.90 percent of the countrys Gross Domestic Product in 2012. Current Account to GDP in Czech Republic is reported by the Eurostat. From 1995 until 2012, Czech Republic Current Account to GDP averaged -4.0 Percent reaching an all time high of -1.3 Percent in December of 2005 and a record low of -6.7 Percent in December of 1996. The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Czech Republic Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-2.90 -3.90 -1.30 -6.70 -1.86 | 2013/12 1995 - 2012 Percent Yearly

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Czech Republic Current Account to GDP
LIST BY COUNTRY

Trade Last Previous Highest Lowest Forecast Unit
Current Account -370.86 2013-11-15 -1631.42 1350.20 -4269.54 -362.92 2014-03-31 EUR Million [+]
Current Account to GDP -2.90 2012-12-31 -3.90 -1.30 -6.70 -1.86 2013-12-31 Percent [+]
Capital Flows 215041.89 2013-11-15 18484.15 215041.89 -42771.50 112762.64 2014-03-31 CZK MN [+]
External Debt 111338.20 2013-12-31 102134.90 111338.20 9132.10 109020.60 2014-03-31 USD Million [+]
Foreign Direct Investment 2698543.02 2013-12-31 2599909.95 2698543.02 83488.70 2744554.75 2014-06-30 CZK Million [+]
Gold Reserves 10.85 2013-12-31 10.85 13.87 10.85 Tonnes [+]
Remittances 170.00 2013-11-15 142.00 181.00 0.00 144.07 2013-12-31 EUR Million [+]
Terms of Trade 99.00 2014-02-15 99.10 104.00 91.20 99.17 2014-02-28 Index Points [+]
Balance of Trade 34005.00 2014-02-15 43740.00 43740.00 -39868.00 29823.39 2014-03-31 Million CZK [+]
Exports 283096.00 2014-02-15 290000.00 299083.00 9838.00 305494.49 2014-03-31 Million CZK [+]
Imports 249091.00 2014-02-15 246270.00 264810.00 14204.00 265392.19 2014-03-31 Million CZK [+]
[+]


Current Account to GDP | Notes
The Current account balance as a percent of GDP provides an indication on the level of international competiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.


RELATED NEWS

Czech Republic Consumer Confidence at -3.80  
Consumer Confidence in Czech Republic increased to -3.80 in April of 2014 from -5.50 in March of 2014. Consumer Confidence in Czech Republic is reported by the Czech Statistical Office.
Czech Republic Business Confidence at 91.50  
Business Confidence in Czech Republic decreased to 91.50 in April of 2014 from 91.60 in March of 2014. Business Confidence in Czech Republic is reported by the Czech Statistical Office.
Czech Republic Current Account at -370.86 EUR Million  
Czech Republic recorded a Current Account deficit of 370.86 EUR Million in the fourth quarter of 2013. Current Account in Czech Republic is reported by the Czech National Bank.
Czech Republic Capital Flows at 215041.89 CZK MN  
Capital Flows in Czech Republic increased to 215041.89 CZK MN in the fourth quarter of 2013 from 18484.15 CZK MN in the third quarter of 2013. Capital Flows in Czech Republic is reported by the Czech National Bank.
Czech Republic Car Registrations at 16576.00 Cars  
Car Registrations in Czech Republic increased to 16576 Cars in March of 2014 from 12779 Cars in February of 2014. Car Registrations in Czech Republic is reported by the European Automobile Manufacturers Association.
Czech Republic Changes in Inventories at 4.84 CZK Billion  
Changes in Inventories in Czech Republic increased to 4.84 CZK Billion in the fourth quarter of 2013 from 4.69 CZK Billion in the third quarter of 2013. Changes in Inventories in Czech Republic is reported by the Czech Statistical Office.
Czech Republic Construction Output at 6.30 Percent  
Construction output in Czech Republic increased 6.30 percent in February of 2014 over the same month in the previous year. Construction Output in Czech Republic is reported by the Eurostat.
Czech Republic Consumer Price Index (CPI) at 190.90 Index Points  
Consumer Price Index (CPI) in Czech Republic remained unchanged at 190.90 Index Points in March of 2014 from 190.90 Index Points in February of 2014. Consumer Price Index (CPI) in Czech Republic is reported by the Czech National Bank.
Czech Republic Consumer Spending at 429.99 CZK Billion  
Consumer Spending in Czech Republic increased to 429.99 CZK Billion in the fourth quarter of 2013 from 425.86 CZK Billion in the third quarter of 2013. Consumer Spending in Czech Republic is reported by the Czech Statistical Office.
Czech Republic Core Consumer Prices at -0.03 Percent  
Core Consumer Prices in Czech Republic decreased to -0.03 percent in March of 2014 from 0.09 percent in February of 2014. Core Consumer Prices in Czech Republic is reported by the Czech Statistical Office.
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