June 7 (Reuters) - The Czech National Bank (CNB) released the following
first quarter balance of payments data on Thursday:
CZECH BALANCE OF...
...PAYMENTS Q1 2007 Q4 2006 Q1 2006 Q1-Q4 2006
A. CURRENT ACCOUNT (euros mln) 477.4 -1,633.4 616.5 -3,561.4
Trade balance 1,504.4 461.4 1,083.1 2,401.2
Balance of services 187.9 184.3 253.2 1,219.1
Income balance -1,093.3 -1,977.6 -715.2 -6,484.3
Current transfers -121.6 -301.5 -4.6 -697.4
B. CAPITAL ACCOUNT 93.5 193.8 84.4 300.1
TOTAL OF A+B 570.9 -1,439.6 700.9 -3,261.3
C. FINANCIAL ACCOUNT -516.0 1,591.6 -364.6 3,957.2
Net Direct Investment 937.2 1,053.5 453.1 3,686.7
Czech abroad -142.3 -282.3 -88.1 -1,072.9
Into Czech Republic 1,079.5 1,335.8 541.2 4,759.6
Net Portfolio Investment -700.8 1,061.2 -282.7 -933.1
Assets -615.7 -135.5 -601.7 -2,407.2
Liabilities -85.1 1,196.7 319.0 1,474.1
Other Investments -893.8 -345.2 -478.6 1,428.2
TOTAL OF A+B+C 54.9 152.0 336.3 695.9
D. BALANCE OF OMISSIONS &
EXCHANGE RATE ADJUSTMENTS -25.9 -153.9 -313.1 -622.8
TOTAL OF A+B+C+D 29.0 -1.9 23.2 73.1
E. CHANGE IN FOREIGN EXCHANGE
RESERVES (minus = growth) -29.0 1.9 -23.2 -73.1
NOTE. The central bank said that the current account gap in the first
quarter was 3.2 percent of gross domestic product against a revised 3.1 percent
of GDP shortfall in the fourth quarter of 2006.
Q1 2007 figures were calculated at the exchange rate of 28.037 crowns to the
euro. Q4 2006 figures were calculated at 28.045 to the euro. Q1 2006 data were
calculated at the rate 28.600 and Q1-Q4 2006 figures at 28.343 to the euro.
All 2007 figures are subject to revision. The 2006 figures are revised.
(Reporting by Mirka Krufova in Prague)
Keywords: CZECH ECONOMY/BOP