Romania’s current account deficit rose to EUR 1,155 million in March of 2020 from EUR 944 million in the same month of the previous year. The goods shortfall widened to EUR 1,823 million from EUR 1,331 million a year earlier and the services surplus decreased slightly to EUR 496 million from EUR 514 million. On the other hand, the primary income gap fell to EUR 33 million from EUR 167 million while the secondary income surplus rose to EUR 205 million from EUR 40 million. Considering the January to March period of 2020, the country's current account gap widened to EUR 1,365 million from EUR 1,120 million in the same period a year ago.
Current Account in Romania averaged -452.98 EUR Million from 1997 until 2020, reaching an all time high of 901 EUR Million in March of 2015 and a record low of -2344 EUR Million in May of 2008. This page provides the latest reported value for - Romania Current Account - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Romania Current Account - data, historical chart, forecasts and calendar of releases - was last updated on June of 2020.
Current Account in Romania is expected to be -980.00 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 Romania to stand at -1050.00 in 12 months time. In the long-term, the Romania Current Account is projected to trend around -920.00 EUR Million in 2021, according to our econometric models.