FX.co ★ Czech Current Account Surplus at 5-Month Low

The Czech Republic’s current account surplus narrowed sharply to CZK 1.2 billion in April 2026, down from CZK 27 billion in the same month a year earlier and well below market expectations of CZK 16.3 billion. This was the smallest surplus since November 2025.

The deterioration was driven mainly by a weaker trade performance. The goods account surplus fell to CZK 22.9 billion from CZK 35.9 billion in April 2025, while the services account surplus narrowed to CZK 5.1 billion from CZK 7.3 billion.

At the same time, income balances also worsened. The primary income deficit widened to CZK 18.3 billion from CZK 10.5 billion a year earlier, and the secondary income deficit increased to CZK 8.5 billion from CZK 5.7 billion.

Over the first four months of 2026, the Czech Republic posted a current account surplus of CZK 71.7 billion, a sharp decline from CZK 140.5 billion in the corresponding period of 2025.