The current account gap in Serbia shrank to USD 58 million in May of 2020 from USD 128 million in the corresponding month of the previous year. The goods and services deficit narrowed to USD 284 million from USD 345 million in May of 2019 and the primary income shortfall fell to USD 31 million from USD 158 million. On the other hand, the services surplus declined to USD 257 million from USD 374 million. Considering the first five months of the year, the current account gap narrowed to USD 1,246 million from USD 1,354 million in the same period a year earlier.
Current Account in Serbia averaged -260.30 USD Million from 2001 until 2020, 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. This page provides the latest reported value for - Serbia Current Account - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Serbia Current Account - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020. source: National Bank of Serbia
Current Account in Serbia is expected to be -180.00 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 -350.00 in 12 months time. In the long-term, the Serbia Current Account is projected to trend around -390.00 USD Million in 2021 and -420.00 USD Million in 2022, according to our econometric models.