Serbia’s current account gap decreased to USD 229.91 million in November of 2018 from USD 292.17 million in the corresponding month of the previous year. The services surplus fell to USD 126.26 million from USD 130.14 million and the goods deficit rose to USD 530.26 million from USD 488.71 million a year earlier. On the other hand, the secondary income surplus advanced to USD 383.42 million from USD 323.35 million and the primary income shortfall narrowed to USD 209.33 million from USD 256.94 million in November of 2017. Current Account in Serbia averaged -258.40 USD Million from 2001 until 2018, reaching an all time high of 178 USD Million in November of 2010 and a record low of -1073.40 USD Million in June of 2008.
Current Account in Serbia is expected to be -300.00 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 Serbia to stand at -250.00 in 12 months time. In the long-term, the Serbia Current Account is projected to trend around -280.00 USD Million in 2020, according to our econometric models.