Romania’s current account deficit widened to EUR 1,210 million in May of 2019 from EUR 899 million in the same month of the previous year. The goods and services gap rose to EUR 728 million from EUR 555 million in May of 2018; the primary income shortfall went up to EUR 693 million from EUR 659 million and the secondary income surplus narrowed to EUR 212 million from EUR 315 million. Current Account in Romania averaged -455.88 EUR Million from 1997 until 2019, reaching an all time high of 831 EUR Million in March of 2015 and a record low of -2344 EUR Million in May of 2008.
Current Account in Romania is expected to be -820.00 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 -980.00 in 12 months time. In the long-term, the Romania Current Account is projected to trend around -420.00 EUR Million in 2020, according to our econometric models.