Slovak Republic - Balance of Goods
Slovak Republic: Balance of Goods
| Mnemonic | TRBG.ISVK | |
|---|---|---|
| Unit | Mil. EUR YTD, NSA | |
| Adjustments | Not Seasonally Adjusted | |
| Monthly | 3.89 % | |
| Data | Dec 2020 | 614.66 |
| Nov 2020 | 591.62 | |
Series Information
| Source | National Bank of Slovakia (NBS) |
| Release | Balance of Payments - Monthly |
| Frequency | Monthly |
| Start Date | 1/31/2008 |
| End Date | 12/31/2020 |
Slovak Republic: Trade
| Reference | Last | Previous | Units | Frequency | |
|---|---|---|---|---|---|
| Balance of Goods | Dec 2020 | 614.66 | 591.62 | Mil. EUR YTD, NSA | Monthly |
| Current Account Balance | Dec 2020 | -306.57 | -120.3 | Mil. EUR YTD, NSA | Monthly |
| Exports of Goods | Dec 2020 | 6,492,887 | 7,529,998 | Ths. EUR, NSA | Monthly |
| Imports of Goods | Dec 2020 | 6,334,197 | 7,307,137 | Ths. EUR, NSA | Monthly |
| Exports of Goods and Services | 2020 Q3 | 21,111 | 15,276 | Mil. EUR, SA | Quarterly |
| Imports of Goods and Services | 2020 Q3 | 19,976 | 15,293 | Mil. EUR, SA | Quarterly |
| Net Exports | 2020 Q3 | 1,065 | 183.1 | Mil. EUR, NSA | Quarterly |
| Real Exports of Goods and Services | 2020 Q3 | 21,088 | 15,371 | Mil. Ch. 2015 EUR, SA | Quarterly |
| Real Imports of Goods and Services | 2020 Q3 | 19,587 | 15,000 | Mil. Ch. 2015 EUR, SA | Quarterly |
| Real Net Exports | 2020 Q3 | 1,393 | 582.6 | Mil. Ch. 2015 EUR, NSA | Quarterly |
Release Information
Balance of Payments is a statistical statement summarizing the economic transactions between the residents of Slovak Republic and the residents of the rest of the world during a reporting period. Balance of Payments is compiled monthly and quarterly in a cumulative form.
Analytical framework: Data are disseminated in millions of euro (EUR) under five main headings for the following balance of payments components:
- Current account that includes import and export of goods, services, income, and current transfers.
- Capital account that includes capital transfers.
- Financial account that includes direct investment abroad, direct investment in reporting economy, assets and liabilities for portfolio investment, financial derivatives and assets and liabilities for other investment.
- Errors and omissions.
- Change in reserves.
Transaction coverage: The balance of payments covers in principle all transactions between residents and nonresidents. Custom statistics and Statistical Office´s statistics cover all merchandise crossing the border of the Slovak Republic
Institutional coverage:
- Non-banks: All Slovak enterprises engaged in the external trade activity report monthly and quarterly information on external transactions and stocks. In addition, each enterprise with foreign assets or liabilities at the reference date exceeding 700.000 EUR is required under Slovak law to provide monthly report. Currently data are collected from about 2 700 enterprises.
- Banks: all banks are included.
Geographical coverage: No geographical regions are excluded from recording.
Conversion to unit of account: Data are reported in domestic currency (EUR) in accordance with Accountancy Act, Measures of Ministry of Finance on Chart of Account and the Accounting Procedures for Banks and Measures of Ministry of Finance on Chart of Account and the Accounting Procedures for Enterprises. Foreign currency denominated transactions are converted to the national currency (EUR) using the monthly average exchange rate.
Valuation: Generally transactions are recorded at market prices.
The quarterly data are not revised. Only the annual balance of payments data are finalized. The final annual data are disseminated 21 months after the end of the reference year, through the Internet on the NBS's website.
At the IMF:
