Romania's current account deficit narrowed to EUR 880 million in June 2020 from EUR 959 million in the corresponding period of the previous year, as the primary income shortfall dropped to EUR 510 million from EUR 953 million. Also, the services surplus decreased to EUR 761 million from EUR 763 million a year earlier. Meanwhile, the goods gap widened to EUR 1,439 million from EUR 1,219 million and the secondary income surplus fell to EUR 49 million from EUR 113 million.
Current Account in Romania averaged -455.16 EUR Million from 1997 until 2020, reaching an all time high of 901 EUR Million in March of 2015 and a record low of -2344 EUR Million in May of 2008. This page provides the latest reported value for - Romania Current Account - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Romania Current Account - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020.
Current Account in Romania is expected to be -780.00 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 Romania to stand at -990.00 in 12 months time. In the long-term, the Romania Current Account is projected to trend around -920.00 EUR Million in 2021 and -850.00 EUR Million in 2022, according to our econometric models.