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Czech Republic Current Account

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Czech Republic Current Account

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Status

 
Latest Release
Nov 13, 2024
Actual
-8.700B
Forecast
11.100B
Previous
18.540B
The current account is the international flow of money for purposes other than investments. It offers a broad picture of how an economy is managing its finances with the rest of the world. If a country has a deficit in its current account it means that it has a saving deficit. The country is living above its means and is gradually becoming indebted to the world. Current account records the values of the following: - trade balance,exports and imports of goods and services - income payments and expenditure, interest, dividends, salaries - unilateral transfers, aid, taxes, one-way gifts It shows how a country deals with the global economy on a non-investment basis. Positive current account balance is when inflows from its components into the country exceed outflows of the capital leaving the country. Current account surplus may strengthen the demand for local currency. Persistent deficit may lead to a depreciation of a currency.
Importance:
Country:
Currency: CZK
Source: CNB - Czech National Bank
Czech Republic Current Account
 
Release Date Time Actual Forecast Previous
Dec 13, 2024 (Oct) 17:00     -8.700B
Nov 13, 2024 (Sep) 17:00 -8.700B 11.100B 18.540B
Oct 14, 2024 (Aug) 16:00 18.540B -5.170B -13.740B
Sep 13, 2024 (Jul) 16:00 -13.740B -19.650B -26.540B
Aug 13, 2024 (Jun) 16:00 -48.240B -31.000B -14.670B
Jul 15, 2024 (May) 16:00 -14.670B   27.950B

Current Account Discussion

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