Slovak Republic - Current Account Balance





Slovak Republic: Current Account Balance

Mnemonic TAB.ISVK
Unit Mil. EUR YTD, NSA
Adjustments Not Seasonally Adjusted
Monthly 35 %
Data Aug 2019 -1,888
Jul 2019 -1,398

Series Information

Source National Bank of Slovakia (NBS)
Release Balance of Payments - Monthly
Frequency Monthly
Start Date 1/31/2008
End Date 8/31/2019

Slovak Republic: Trade

Reference Last Previous Units Frequency
Balance of Goods Aug 2019 -675.94 -272.91 Mil. EUR YTD, NSA Monthly
Current Account Balance Aug 2019 -1,888 -1,398 Mil. EUR YTD, NSA Monthly
Exports of Goods Aug 2019 5,991,110 5,848,071 Ths. EUR, NSA Monthly
Imports of Goods Aug 2019 6,203,136 6,080,547 Ths. EUR, NSA Monthly
Exports of Goods and Services 2019 Q2 21,705 22,703 Mil. EUR, SA Quarterly
Imports of Goods and Services 2019 Q2 21,576 22,166 Mil. EUR, SA Quarterly
Net Exports 2019 Q2 360.6 699.3 Mil. EUR, NSA Quarterly
Real Exports of Goods and Services 2019 Q2 21,386 22,417 Mil. Ch. 2010 EUR, SA Quarterly
Real Imports of Goods and Services 2019 Q2 20,284 20,835 Mil. Ch. 2010 EUR, SA Quarterly
Real Net Exports 2019 Q2 1,339 1,758 Mil. Ch. 2010 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:

  1. Current account that includes import and export of goods, services, income, and current transfers.
  2. Capital account that includes capital transfers.
  3. 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.
  4. Errors and omissions.
  5. 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.

Classification: The transactions are classified according to the balance of payments standard components presented in the sixth edition of the IMF's Balance of Payments Manual (BPM6).
 

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.

Preliminary data are indicated as such.