Romania's current account deficit widened to EUR 1,239 million in April 2019 from EUR 638 million in the same month of the previous year, as the goods and services gap increased to EUR 710 million from EUR 286 million while the secondary income account posted a EUR 50 million deficit, compared to a EUR 237 million surplus. Meanwhile, the primary income deficit declined to EUR 479 million from EUR 589 million a year earlier. Considering the first four months of the year, the current account deficit widened to EUR 2,306 million from EUR 1,665 million in the same period of 2018. Current Account in Romania averaged -453.50 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 -1160.00 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 -620.00 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.