Montenegro’s current account gap widened to EUR 322 million in the first quarter of 2020 from EUR 316.5 million in the corresponding period of the previous year. The goods and services deficit rose to EUR 386.4 million from EUR 383.4 million a year earlier; the primary income surplus narrowed to EUR 8.9 million from EUR 10.5 million and the secondary income surplus decreased to EUR 55.4 million from EUR 56.3 million.
Current Account in Montenegro averaged -154072.12 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 2020.
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 2021 and -59094.38 EUR Thousand in 2022, according to our econometric models.