Montenegro's current account surplus decreased to EUR 197.5 million in the third quarter of 2018 from EUR 251.2 million in the same quarter of the previous year. The goods deficit increased to EUR 564.2 million from EUR 484.3 million in the third quarter of 2017 and the primary income balance shifted to a EUR 2.1 million gap from a EUR 36.8 million surplus. In contrast, the services surplus rose to EUR 699.9 million from EUR 646.7 million and the secondary income surplus widened to EUR 63.9 million from EUR 52 million in the same period of 2017. Current Account in Montenegro averaged -145847.32 EUR Thousand from 2003 until 2018, reaching an all time high of 292356.68 EUR Thousand in the third quarter of 2015 and a record low of -493338.85 EUR Thousand in the second quarter of 2008.
Current Account in Montenegro is expected to be -63633.03 EUR Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Montenegro to stand at 195971.35 in 12 months time. In the long-term, the Montenegro Current Account is projected to trend around -59094.38 EUR Thousand in 2020, according to our econometric models.