The current account deficit in Ukraine decreased to USD 609 million in July of 2019 from USD 990 million in the same month of the previous year. The goods and services shortfall narrowed to USD 1,390 million from USD 1,626 million a year ago while the primary income surplus increased to USD 478 million from USD 337 million. In addition, the secondary income surplus widened to USD 303 million from USD 299 million in the same period of 2018. Current Account in Ukraine averaged -486.18 USD Million from 2010 until 2019, reaching an all time high of 642 USD Million in January of 2019 and a record low of -2498 USD Million in September of 2013.
Current Account in Ukraine is expected to be -1450.00 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 Ukraine to stand at -140.00 in 12 months time. In the long-term, the Ukraine Current Account is projected to trend around -220.00 USD Million in 2020, according to our econometric models.