Serbia posted a current account deficit of USD 139.1 million in May of 2019, compared with a USD 31.6 million surplus in the corresponding month of the previous year. The goods deficit widened to USD 512.6 million from USD 446.7 million in May of 2018; the primary income gap rose to USD 146.9 million from USD 142.6 million and the secondary income surplus narrowed to USD 367.2 million from USD 483.8 million. On the other hand, the services surplus went up to USD 153.2 million from UDS 137.1 million a year earlier. From January-May, the current account narrowed to USD 1,479 million from USD 1,156 million in the same period of 2018. Current Account in Serbia averaged -260.41 USD Million from 2001 until 2019, reaching an all time high of 178 USD Million in November of 2010 and a record low of -1073.40 USD Million in June of 2008.
Current Account in Serbia is expected to be -120.00 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 Serbia to stand at -250.00 in 12 months time. In the long-term, the Serbia Current Account is projected to trend around -280.00 USD Million in 2020, according to our econometric models.