Romania's current account deficit increased significantly to EUR 1025 million in October 2018 from EUR 488 million in the same month of the previous year. The goods shortfall jumped to EUR 1788 million from EUR 1243 million and the primary income gap increased to EUR 163 million from EUR 108 million. Also, the secondary income surplus decreased to EUR 180 million from EUR 186 million whereas the services surplus rose to EUR 746 million from EUR 676 million. Current Account in Romania averaged -449.58 EUR Million from 1997 until 2018, reaching an all time high of 831 EUR Million in March of 2015 and a record low of -2344 EUR Million in May of 2008.
Current Account in Romania is expected to be -620.00 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 Romania to stand at -846.67 in 12 months time. In the long-term, the Romania Current Account is projected to trend around -370.00 EUR Million in 2020, according to our econometric models.