Greece's current account deficit decreased to EUR 1.40 billion in April 2019 from EUR 1.49 billion in the same month a year ago. The goods deficit shrank to EUR 1,721 million from EUR 1,819 million, as exports surged 11.6 percent while imports rose at a slower 4.5 percent; and the services surplus widened to EUR 4,560 million from EUR 4,364 million in April 2018, amid an increase in net receipts from transport services. In contrast, the primary income gap deteriorated to EUR 216 million from EUR 157 million; and the secondary income deficit rose to EUR 106 million from EUR 80 million a year earlier. Year-to-date, the country's current account gap widened to EUR 5,065 million from EUR 4,731 million a year ago. Current Account in Greece averaged -1108.71 EUR Million from 1997 until 2019, reaching an all time high of 2601.40 EUR Million in July of 2013 and a record low of -4730.30 EUR Million in December of 2007.
Current Account in Greece is expected to be 1000.00 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 Greece to stand at -1100.00 in 12 months time. In the long-term, the Greece Current Account is projected to trend around -650.00 EUR Million in 2020, according to our econometric models.