Lithuania posted a current account surplus of EUR 54.89 million in January of 2019, compared to a EUR 47.09 million gap in the corresponding month of the previous year. The goods deficit narrowed sharply to EUR 71.80 million from EUR 248.63 million a year earlier and the services surplus decreased to EUR 224.68 million from EUR 244.43 million. Meanwhile, the primary income deficit went up to EUR 121.61 million from EUR 110.88 million in January of 2017 and the secondary income surplus fell to EUR 23.62 million from EUR 67.99 million. Current Account in Lithuania averaged -83.65 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 -80.00 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.