A decline in foreign trade in 2001 caused the central bank to revise its forecast of the current account deficit up from 4% to 5.7% of GDP.
The US Central Intelligence Agency (CIA) reports that in 2001 the purchasing power parity of Slovakia's exports was $12.9 billion while imports totaled $15.4 billion resulting in a trade deficit of $2.5 billion.
The International Monetary Fund (IMF) reports that in 2000 Slovakia had exports of goods totaling $11.9 billion and imports totaling $12.8 billion. The services credit totaled $2.2 billion and debit $1.81 billion. The following table summarizes Slovakia's balance of payments as reported by the IMF for 2000 in millions of US dollars.
Current Account | -694 |
Balance on goods | -895 |
Balance on services | 436 |
Balance on income | -355 |
Current transfers | 120 |
Capital Account | 91 |
Financial Account | 1,472 |
Direct investment abroad | -22 |
Direct investment in Slovakia | 2,052 |
Portfolio investment assets | -195 |
Portfolio investment liabilities | 1,016 |
Other investment assets | -973 |
Other investment liabilities | -407 |
Net Errors and Omissions | 51 |
Reserves and Related Items | -920 |
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