El Salvador current account deficit narrowed to USD 37.3 million in the first quarter of 2020 from USD 197.5 million in the same period of the previous year. It was the smallest current account shortfall since the third quarter of 2010, as the goods gap decreased to USD 1361.4 million from USD 1435.6 million. Also, the primary income deficit fell to USD 255.0 million from USD 369.4 million a year earlier. On the other hand, the services surplus went down to USD 262.3 million from USD 285.7 million in Q1 2019 and the secondary income surplus dropped to USD 1316.8 million from USD 1321.8 million.
Current Account in El Salvador averaged -281.93 USD Million from 1990 until 2020, reaching an all time high of 79.07 USD Million in the first quarter of 2017 and a record low of -1130 USD Million in the fourth quarter of 1991. This page provides the latest reported value for - El Salvador Current Account - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. El Salvador Current Account - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020.
Current Account in El Salvador is expected to be -80.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in El Salvador to stand at -200.00 in 12 months time. In the long-term, the El Salvador Current Account is projected to trend around -330.00 USD Million in 2021 and -400.00 USD Million in 2022, according to our econometric models.