Nicaragua’s current account deficit narrowed to USD 73.1 million in the second quarter of 2018 from USD 95.5 million in the corresponding period of the previous year, as the primary income gap narrowed to USD 61.6 million from USD 110.8 million and the goods shortfall narrowed to USD 524.7 million from USD 536.3 million. Meantime, the secondary income surplus widened to USD 426.2 million from USD 390.7 million. In contrast, the services surplus narrowed to USD 87.0 from USD 160.9 million. Current Account in Nicaragua averaged -221.22 USD Million from 1990 until 2018, reaching an all time high of 21.30 USD Million in the first quarter of 2018 and a record low of -448 USD Million in the fourth quarter of 2007.
Current Account in Nicaragua is expected to be -400.00 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 Nicaragua to stand at -160.00 in 12 months time. In the long-term, the Nicaragua Current Account is projected to trend around -420.00 USD Million in 2020, according to our econometric models.