Montenegro’s current account deficit shrank to EUR 160 million in the first quarter of 2021 from EUR 322 million in the corresponding period of the previous year. All the balances have recorded an improvement, particularly the goods deficit which narrowed to EUR 322 million from EUR 425 million. In addition, the services account surplus widened to EUR 56.3 million from EUR 39.7 million, the primary income surplus increased to EUR 27.5 million from only EUR 8.31 million a year ago, and the secondary income surplus rose to EUR 77.3 million from EUR 55.4 million. source: Central Bank of Montenegro
Current Account in Montenegro averaged -158306.82 EUR Thousand from 2003 until 2020, reaching an all time high of 292018.31 EUR Thousand in the third quarter of 2015 and a record low of -493338.85 EUR Thousand in the second quarter of 2008. This page provides - Montenegro Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Montenegro Current Account - data, historical chart, forecasts and calendar of releases - was last updated on July of 2021.
Current Account in Montenegro is expected to be -62865.37 EUR Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Montenegro to stand at -62102.24 in 12 months time. In the long-term, the Montenegro Current Account is projected to trend around -60589.43 EUR Thousand in 2022 and -59094.38 EUR Thousand in 2023, according to our econometric models.