Bulgaria’s current account surplus decreased to EUR 312.7 million in September 2018 from EUR 568.9 million in the corresponding period of the previous year. The goods and services surplus contracted to EUR 285.6 million from EUR 503.6 million in September of 2017 and the secondary income surplus narrowed to EUR 62.7 million from EUR 90.2 million. In addition, the primary income deficit widened to EUR 35.6 million from EUR 24.9 million deficit a year earlier. Current Account in Bulgaria averaged -97.98 EUR Million from 1998 until 2018, reaching an all time high of 1200.20 EUR Million in July of 2017 and a record low of -1166.80 EUR Million in December of 2007.
Current Account in Bulgaria is expected to be -350.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Bulgaria to stand at 450.00 in 12 months time. In the long-term, the Bulgaria Current Account is projected to trend around -100.00 EUR Million in 2020, according to our econometric models.