Ukraine posted a current account surplus of USD 249 million in May of 2019 compared to a USD 79 million deficit in the same month of the previous year. The services surplus widened to USD 172 million from USD 151 million a year earlier, the primary income surplus advanced to USD 624 million from USD 401 million and the goods shortfall narrowed to USD 820 million from USD 957 million. Meanwhile, the secondary income surplus fell to USD 273 million from USD 326 million in May of 2018. Current Account in Ukraine averaged -485.79 USD Million from 2010 until 2019, reaching an all time high of 642 USD Million in January of 2019 and a record low of -2498 USD Million in September of 2013.
Current Account in Ukraine is expected to be -160.00 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 Ukraine to stand at -800.00 in 12 months time. In the long-term, the Ukraine Current Account is projected to trend around -220.00 USD Million in 2020, according to our econometric models.