Lithuania's current account surplus rose to EUR 196.7 million in August 2019 from EUR 133.4 million in the same month of the previous year. The goods deficit decreased to EUR 86.6 million from EUR 159.6 million in August 2018 and the services surplus rose to EUR 343.3 million from EUR 335.8 million. Meantime, the secondary income surplus increased to EUR 64 million from EUR 58 million a year ago while the primary income gap deteriorated to EUR 124 million from EUR 100.7 million. Current Account in Lithuania averaged -82.37 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 200.00 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 90.00 in 12 months time. In the long-term, the Lithuania Current Account is projected to trend around 120.00 EUR Million in 2020, according to our econometric models.