Serbia's current account deficit widened to USD 366 million in June 2019 from USD 189 million in the same month last year, as the goods and services gap increased to USD 384 million from USD 356 million. In addition, the primary income deficit went up to USD 311 million from USD 235 million a year ago and the secondary income surplus narrowed to USD 329 million from USD 402 million. Current Account in Serbia averaged -260.86 USD Million from 2001 until 2019, 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 -120.00 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.