El Salvador current account deficit widened to USD 224.7 million in the first quarter of 2019 from USD 175.5 million in the corresponding month a year earlier. The goods shortfall increased to USD 1117.3 million from USD 1014.7 million and the primary income gap went up to USD 431.7 million from USD 373.8 million. On the other hand, the services surplus rose to USD 318.3 million from USD 211 million and the secondary income surplus advanced to USD 1324.4 million from USD 1213 million a year ago. Current Account in El Salvador averaged -288.54 USD Million from 1990 until 2019, reaching an all time high of 79.07 USD Million in the first quarter of 2017 and a record low of -1130 USD Million in the fourth quarter of 1991.
Current Account in El Salvador is expected to be -410.00 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 El Salvador to stand at -250.00 in 12 months time. In the long-term, the El Salvador Current Account is projected to trend around -400.00 USD Million in 2020, according to our econometric models.