Ukraine recorded a current account gap of EUR 299 million in November of 2018, swinging from a EUR 73 million surplus in the corresponding month of the previous year. The goods and services deficit widened to EUR 1,016 million from EUR 712 million in November of 2017. In addition, the primary income surplus narrowed to EUR 429 million from 464 million and the secondary income surplus fell to EUR 288 million from EUR 321 million a year ago. Current Account in Ukraine averaged -516.73 USD Million from 2010 until 2018, reaching an all time high of 513 USD Million in December of 2015 and a record low of -2498 USD Million in September of 2013.
Current Account in Ukraine is expected to be -830.29 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 -759.20 in 12 months time. In the long-term, the Ukraine Current Account is projected to trend around -759.02 USD Million in 2020, according to our econometric models.