The current account balance in 2001 improved from 2000, when it stood at approximately $3.5 billion, or 4.8% of GDP, due to a narrowing trade gap. Strong inflows of foreign direct investment have led to surpluses in the financial account, which easily cover the current account deficit.
The US Central Intelligence Agency (CIA) reports that in 2001 the purchasing power parity of the Czech Republic's exports was $38 billion while imports totaled $41.7 billion resulting in a trade deficit of $3.7 billion.
The International Monetary Fund (IMF) reports that in 2001 the Czech Republic had exports of goods totaling $33.4 billion and imports totaling $36.5 billion. The services credit totaled $7.09 billion and debit $5.6 billion. The following table summarizes Czech Republic's balance of payments as reported by the IMF for 2001 in millions of US dollars.
|Balance on goods||-3,078|
|Balance on services||1,524|
|Balance on income||-1,540|
|Direct investment abroad||-95|
|Direct investment in the Czech Republic||4,924|
|Portfolio investment assets||125|
|Portfolio investment liabilities||798|
|Other investment assets||-1,271|
|Other investment liabilities||-337|
|Net Errors and Omissions||362|
|Reserves and Related Items||-1,787|