Nicaragua’s current account shifted to a USD 194.8 million surplus in the first quarter of 2019 from USD 8.6 million deficit in the same period of the previous year. It was the largest current account surplus on record, as the goods shortfall narrowed to USD 241.6 million from USD 451.8 million a year earlier. Also, the primary income gap fell to USD 68.2 million from USD 112.3 million and the secondary income surplus widened to USD 395.8 million from USD 386.3 million. Meanwhile, the services surplus decreased to USD 108.8 million from USD 172.1 million in the corresponding period of 2018. Current Account in Nicaragua averaged -211.41 USD Million from 1990 until 2019, reaching an all time high of 194.80 USD Million in the first quarter of 2019 and a record low of -448 USD Million in the fourth quarter of 2007.
Current Account in Nicaragua is expected to be 240.00 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 Nicaragua to stand at 120.00 in 12 months time. In the long-term, the Nicaragua Current Account is projected to trend around -340.00 USD Million in 2020, according to our econometric models.