Romania's current account gap narrowed slightly to EUR 1,110 million in June 2019 from EUR 1,152 million in the same month a year earlier. The good and services shortfall decreased to EUR 448 million from EUR 544 million a year ago while the secondary income surplus widened to EUR 178 million from EUR 144 million. On the other hand, the primary income deficit rose to EUR 841 million from EUR 752 million. Considering the second quarter of 2019, Romania’s current account gap widened to EUR 3,976 million from EUR 2,689 million in the same period of 2018. Current Account in Romania averaged -459.64 EUR Million from 1997 until 2019, reaching an all time high of 831 EUR Million in March of 2015 and a record low of -2344 EUR Million in May of 2008.
Current Account in Romania is expected to be -820.00 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 -980.00 in 12 months time. In the long-term, the Romania Current Account is projected to trend around -420.00 EUR Million in 2020, according to our econometric models.