Lithuania posted a current account gap of EUR 12.53 million in March of 2019, compared to a EUR 0.58 million surplus in the corresponding month of the previous year. The services surplus narrowed sharply to EUR 194.33 million from EUR 320.57 million a year earlier while the secondary income surplus decreased to EUR 61.93 million from EUR 72.86 million. Meanwhile, the goods deficit fell to EUR 156.68 million from EUR 214.9 million while the primary income deficit narrowed to EUR 112.11 million from 177.95 million. Current Account in Lithuania averaged -81.98 EUR Million from 2004 until 2019, reaching an all time high of 410.55 EUR Million in August of 2014 and a record low of -574.42 EUR Million in March of 2008.
Current Account in Lithuania is expected to be 120.00 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 Lithuania to stand at 200.00 in 12 months time. In the long-term, the Lithuania Current Account is projected to trend around 190.00 EUR Million in 2020, according to our econometric models.