Record surplus registered in current account balance of payments

The Czech economy’s current account balance of payments ended in a record surplus of CZK 63.4 billion last year, according to preliminary figures released on Tuesday by the Czech National Bank. The current account balance of payments is a measure of a country’s total transactions with other economies.

2017 was the fourth year of surplus in succession. This is the first such period; from the foundation of the Czech Republic until 2013 the current account balance was consistently in deficit.