Serbia's current account deficit widened to USD 288 million in November 2019 from USD 173 million in the same month last year, as the goods and services gap increased to USD 412 million from USD 404 million and the primary income deficit rose to USD 216 million from USD 152 million. In addition, the secondary income surplus declined to USD 340 million from USD 384 million. Current Account in Serbia averaged -261.11 USD Million from 2001 until 2019, reaching an all time high of 178 USD Million in November of 2010 and a record low of -1073.40 USD Million in June of 2008. source: National Bank of Serbia

Current Account in Serbia is expected to be -390.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Serbia to stand at -400.00 in 12 months time. In the long-term, the Serbia Current Account is projected to trend around -420.00 USD Million in 2020, according to our econometric models.

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Serbia Current Account

Actual Previous Highest Lowest Dates Unit Frequency
-287.70 -326.20 178.00 -1073.40 2001 - 2019 USD Million Monthly
Current Prices, NSA



Calendar GMT Actual Previous Consensus TEForecast
2019-10-18 10:30 AM Aug $-153M $-325M $-350M
2019-11-14 12:00 PM Sep $-184M $-208M $ -220M
2019-12-20 12:00 PM Oct $-330M $-185M $ -150M
2020-01-17 02:00 PM Nov $-288M $-326M $ -210M
2020-02-14 12:00 PM Dec $-288M $ -460M


News Stream
2019-12-20
Serbia Current Account Gap Widens in October
Serbia’s current account deficit rose to USD 330 million in October of 2019 from USD 107 million in the same month of the previous year, as the primary income shortfall widened sharply to USD 306 million from USD 68 million while the secondary income surplus decreased to USD 357 from USD 515 million. Meanwhile, the goods and services gap narrowed to USD 382 million from USD 554 million in October of 2018.

2019-11-14
Serbia Current Account Deficit Shrinks in September
Serbia’s current account gap narrowed to USD 184 million in September 2019 from USD 274 million in the same month of the previous year, as the goods deficit shrank to USD 399 million from USD 432 million in September 2018 and the primary income shortfall fell to USD 252 million from USD 285 million. Also, the services surplus widened to USD 150 million from USD 123 million while the secondary income surplus edged down to USD 317 million from USD 321 million.

2019-10-18
Serbia Current Account Gap Shrinks in August
Serbia’s current account deficit narrowed to USD 153 million in August 2019 from USD 163 million in the same month of the previous year, as the goods and services gap fell to USD 273 million from USD 417 million. On the other hand, the primary income shortfall widened to USD 272 million from USD 240 million in August 2018 and the secondary income surplus declined to USD 391 million from USD 495 million.

2019-09-19
Serbia Current Account Gap Widens in July
Serbia’s current account deficit rose to USD 330 million in July 2019 from USD 213 million in the same month of the previous year, as the goods and services gap widened to USD 549 million from USD 378 million. On the other hand, the primary income deficit narrowed to USD 174 million from USD 222 million in July 2018 and the secondary income surplus increased to USD 394 million from USD 387 million.

2019-08-15
Serbia Current Account Deficit Widens in June
Serbia's current account deficit widened to USD 366 million in June 2019 from USD 189 million in the same month last year, as the goods and services gap increased to USD 384 million from USD 356 million. In addition, the primary income deficit went up to USD 311 million from USD 235 million a year ago and the secondary income surplus narrowed to USD 329 million from USD 402 million.

2019-07-19
Serbia Current Account Balance Swings to Deficit
Serbia posted a current account deficit of USD 139.1 million in May of 2019, compared with a USD 31.6 million surplus in the corresponding month of the previous year. The goods deficit widened to USD 512.6 million from USD 446.7 million in May of 2018; the primary income gap rose to USD 146.9 million from USD 142.6 million and the secondary income surplus narrowed to USD 367.2 million from USD 483.8 million. On the other hand, the services surplus went up to USD 153.2 million from UDS 137.1 million a year earlier. From January-May, the current account narrowed to USD 1,479 million from USD 1,156 million in the same period of 2018.


Serbia Current Account
Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).

Serbia Trade Last Previous Highest Lowest Unit
Balance of Trade -574.50 -588.50 -161.00 -1364.00 USD Million [+]
Current Account -287.70 -326.20 178.00 -1073.40 USD Million [+]
Current Account to GDP -5.20 -5.20 2.00 -21.10 percent [+]
Imports 2314.30 2367.10 2507.00 292.00 USD Million [+]
Exports 1739.80 1778.60 1795.70 116.00 USD Million [+]
External Debt 28575.50 27805.00 28575.50 8961.90 EUR Million [+]
Capital Flows -243.00 -351.00 74.00 -705.00 USD Million [+]
Gold Reserves 21.26 21.16 31.40 9.80 Tonnes [+]
Terrorism Index 0.12 0.23 2.96 0.00 [+]
Tourist Arrivals 129472.00 174491.00 237801.00 29180.00 [+]
Weapons Sales 2.00 23.00 45.00 1.00 USD Million [+]
Foreign Direct Investment 81.90 314.90 3322.60 -476.60 EUR Million [+]
Crude Oil Production 16.00 16.00 21.00 13.00 BBL/D/1K [+]