Lithuania's recorded a current account deficit of EUR 201 million in May 2019 compared to a EUR 89 million shortfall in the corresponding month of the previous year. It is the largest current account gap since April 2017, as the goods deficit rose to EUR 438 million from EUR 333 million and the services surplus fell to EUR 259 million from EUR 351 million in May 2017. Meantime, the primary income deficit decreased to EUR 117 million from EUR 179 million while the secondary income went up to EUR 95 million from EUR 72 million. Current Account in Lithuania averaged -82.81 EUR Million from 2004 until 2019, reaching an all time high of 410.55 EUR Million in August of 2014 and a record low of -574.42 EUR Million in March of 2008.
Current Account in Lithuania is expected to be 160.00 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 Lithuania to stand at 200.00 in 12 months time. In the long-term, the Lithuania Current Account is projected to trend around 190.00 EUR Million in 2020, according to our econometric models.