Lithuania recorded a EUR 102.5 million deficit in July of 2019, switching from a EUR 65.4 million surplus in the same month of the previous year. The goods deficit rose to EUR 315.2 million from EUR 162.4 million in July of 2018 and the services surplus fell to EUR 290.9 million from EUR 384.4 million. Meantime, the secondary income surplus widened to EUR 71.3 million from EUR 61.5 million a year earlier and the primary income deficit narrowed to EUR 149.5 million from EUR 218.1 million. Current Account in Lithuania averaged -81.15 EUR Million from 2004 until 2019, reaching an all time high of 410.55 EUR Million in August of 2014 and a record low of -574.42 EUR Million in March of 2008.
Current Account in Lithuania is expected to be 105.00 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 Lithuania to stand at 120.00 in 12 months time. In the long-term, the Lithuania Current Account is projected to trend around 120.00 EUR Million in 2020, according to our econometric models.