Romania's current account deficit edged down to EUR 1,002 million in August of 2020 from EUR 1,026 million in the corresponding period of the previous year. The primary income shortfall narrowed to EUR 256 million from EUR 411 million a year earlier and the secondary income surplus rose to EUR 262 million from EUR 178 million. On the other hand, the goods and services gap widened to EUR 1,008 million from EUR 792 million.
Current Account in Romania averaged -460.95 EUR Million from 1997 until 2020, reaching an all time high of 901 EUR Million in March of 2015 and a record low of -2344 EUR Million in May of 2008. This page provides the latest reported value for - Romania Current Account - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Romania Current Account - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.
Current Account in Romania is expected to be -720.00 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 -990.00 in 12 months time. In the long-term, the Romania Current Account is projected to trend around -920.00 EUR Million in 2021 and -850.00 EUR Million in 2022, according to our econometric models.