Nicaragua’s current account balance swang to a USD 191.7 million surplus in the third quarter of 2018 from a USD 155.2 million gap in the corresponding period of the previous year, as the goods account deficit narrowed to USD 239.9 million from USD 620.8 million a year ago. Meantime, the primary income shortfall also narrowed to USD 45.6 million from USD 92.9 million. In contrast, the services account surplus narrowed to USD 64.4 million from USD 122.9 million, while the secondary income surplus narrowed to USD 412.8 million from USD 435.6 million. Current Account in Nicaragua averaged -216.98 USD Million from 1990 until 2018, reaching an all time high of 191.70 USD Million in the third 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 65.00 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 -280.00 in 12 months time. In the long-term, the Nicaragua Current Account is projected to trend around -340.00 USD Million in 2020, according to our econometric models.