Kazakhstan posted a current account surplus of USD 835 million in the first quarter of 2019, swinging from a USD 893 million deficit in the same quarter of the prior year, a preliminary estimate showed. The goods account surplus surged to USD 7,082 million from USD 6,192 million a year earlier while the secondary income surplus increased to USD 84.3 million from USD 21.9 million. In addition, the primary income deficit narrowed to USD 5,267 million from USD 6,183 million. Meanwhile, the services account gap rose to USD 1,065 million from USD 924 million. Current Account in Kazakhstan averaged -133.15 USD Million from 1995 until 2019, reaching an all time high of 6655.80 USD Million in the first quarter of 2014 and a record low of -3081.30 USD Million in the third quarter of 2007.
Current Account in Kazakhstan is expected to be -320.00 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 Kazakhstan to stand at -280.00 in 12 months time. In the long-term, the Kazakhstan Current Account is projected to trend around 950.00 USD Million in 2020, according to our econometric models.