Wednesday, April 21, 2010

Czech Republic - Balance of payments


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.

0 comments:

Post a Comment