Bulgaria posted a current account surplus of EUR 149.2 million in April of 2019, compared to a EUR 78.4 million deficit in the corresponding month of the previous year. The primary income account recorded a EUR 45.1 million surplus swinging from a EUR 62.8 million gap a year ago while the goods and services shortfall narrowed sharply to EUR 6.9 million from EUR 146.4 million. Meanwhile, the secondary income surplus decreased to EUR 111 million from EUR 130.8 million. Current Account in Bulgaria averaged -97.85 EUR Million from 1998 until 2019, reaching an all time high of 1029.50 EUR Million in July of 2017 and a record low of -1166.80 EUR Million in December of 2007.
Current Account in Bulgaria is expected to be 550.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Bulgaria to stand at 60.00 in 12 months time. In the long-term, the Bulgaria Current Account is projected to trend around -130.00 EUR Million in 2020, according to our econometric models.