Slovakia - Balance of payments

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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