Serbia’s current account deficit rose to USD 249.9 million in September of 2018 from USD 103.2 million in the corresponding month of the previous year. The goods shortfall widened sharply to USD 436.6 million from USD 247.2 million a year earlier while the primary income gap declined to USD 257.4 million from USD 285.9 million. Meanwhile, the secondary income surplus went down USD 321.4 million from USD 347.6 million and the services surplus increased to USD 122.7 million from USD 82.3 million in September of 2017. In the January to September period, the current account gap widened 27.6 percent to SUD 1,822 million from USD 1,428 million in the same period of 2017. Current Account in Serbia averaged -258.82 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 -200.00 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 -120.00 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.