Lithuania posted a current account deficit of EUR 57.9 million in September of 2018 compared to a EUR 163.1 million surplus in the corresponding month of the previous year. The goods shortfall rose to EUR 271.1 million from EUR 100.6 million a year earlier and the primary income gap widened to EUR 124.9 million from EUR 78.8 million. Also, the secondary income surplus fell to EUR 55.1 million from EUR 73.8 million while the services surplus went up to EUR 282.9 million from EUR 268.7 million in September of 2017. Current Account in Lithuania averaged -89.08 EUR Million from 2004 until 2018, 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 180.00 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 160.00 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.