Bulgaria’s current account surplus shrank to EUR 955.9 million in July 2019 from EUR 1,002 million in the same month a year earlier. The services surplus fell to EUR 739.1 million from EUR 774.8 million in July 2018 and the secondary income surplus dropped to EUR 155 million from EUR 360.3 million. Meantime, the goods deficit narrowed to EUR 8.9 million from EUR 84.5 million and the primary income account recorded a EUR 70.7 million surplus, swinging from a EUR 48.6 million gap. Current Account in Bulgaria averaged -83.78 EUR Million from 1998 until 2019, reaching an all time high of 1022.90 EUR Million in August of 2018 and a record low of -1166.80 EUR Million in December of 2007.
Current Account in Bulgaria is expected to be 450.00 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 390.00 in 12 months time. In the long-term, the Bulgaria Current Account is projected to trend around -130.00 EUR Million in 2020, according to our econometric models.