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Czech Republic Current Account to GDP Ratio

The Czech Republic's current account to GDP recorded a surplus of 1.8% in 2024, up from a deficit of -0.1% in 2023. This improvement is due to the easing of negative shocks like high fuel import costs and supply chain issues. The automotive industry's recovery strengthened the trade balance in goods, contributing to a better external position. The Czech Republic's record low current account to GDP was -4.7% in 2022 and record high was 1.8% in 2016.

Yearly Historical Data (2015-2024)

(in %)
Year Current Account to GDP Ratio
2024 1.8%
2023 -0.1%
2022 -4.7%
2021 -2.1%
2020 1.8%
2019 0.3%
2018 0.4%
2017 1.5%
2016 1.8%
2015 0.4%
Czech Republic Current Account to GDP Ratio : Definition
The Czech Republic's current account to GDP ratio measures the country's current account balance relative to its Gross Domestic Product (GDP). It is calculated by dividing the sum of net trade in goods and services, net income and net current transfers by the nominal GDP, expressed as a percentage. This ratio shows the Czech Republic's overall external position with surpluses indicating net external lending and deficits indicating net external borrowing.
Indicator Last Value Prior Value Period
Debt to GDP Ratio 43.3% 42.2% Dec'24
Interest Rate 3.5% 3.5% Sep'25
Private Credit (% GDP) 48.31% 47.98% 2024