Serbia recorded a Current Account deficit of 293.80 USD Million in April of 2020.

Current Account in Serbia averaged -261.98 USD Million from 2001 until 2020, 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. This page provides the latest reported value for - Serbia Current Account - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Serbia Current Account - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: National Bank of Serbia

Current Account in Serbia is expected to be -180.00 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 -350.00 in 12 months time. In the long-term, the Serbia Current Account is projected to trend around -390.00 USD Million in 2021 and -420.00 USD Million in 2022, according to our econometric models.

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Serbia Current Account

Actual Previous Highest Lowest Dates Unit Frequency
-114.30 -504.00 178.00 -1073.40 2001 - 2020 USD Million Monthly
Current Prices, NSA

Calendar GMT Actual Previous Consensus TEForecast
2020-03-23 12:00 PM Jan $-112M $-586M $ -220M
2020-04-17 11:00 AM Feb $-478M $-105M $ -315M
2020-05-20 11:00 AM Mar $-506M $-472M $ -390M
2020-06-19 11:00 AM Apr $-114M $-504M $ -400M
2020-07-20 11:00 AM May $-114M
2020-08-14 11:00 AM Jun $ -280M
2020-09-18 11:00 AM Jul
2020-10-19 11:00 AM Aug

News Stream
Serbia Current Account Gap Increases in March
The current account deficit in Serbia widened to USD 506 million in Marcho f 2020 from USD 493 million a year earlier. The goods and services gap increased to USD 645 million from USD 444 million while the primary income deficit narrowed to USD 138 million from USD 328 million. The secondary income surplus was nearly unchanged at USD 276 million. Considering Q1, the current account gap went up to USD 1085 million from USD 932 million.
Serbia Current Account Deficit Widens in February
The current account gap in Serbia rose to USD 478 million in February of 2020 from USD 320 million in the corresponding month of the previous year. The goods deficit went up to USD 552 million from USD 451 million while the services surplus edged up to USD 54 million from USD 53 million in February of 2019. Meantime, the primary income shortfall increased to USD 227 million from USD 219 million and the secondary income surplus decreased to USD 247 million from USD 297 million a year ago.
Serbia Current Account Deficit Shrinks in January
The current account gap in Serbia narrowed slightly to USD 112 million in January 2020 from USD 119 million in the corresponding month of the previous year. The goods and services deficit went down to USD 319 million from USD 369 million and the primary income shortfall shrank to USD 142 million from USD 166 million. Meantime, the secondary income surplus fell to USD 349 million from USD 416 million.
Serbia Current Account Gap Narrows in December
Serbia's current account deficit rose to USD 586.5 million in December 2019 from USD 390.0 million in the same month last year, as the goods and services gap widened to USD 879 million from USD 610 million. Meantime, the primary income deficit narrowed USD 170 million from USD 247 million while the secondary income surplus edged down slightly to USD 463 million from USD 467 million. Considering full 2019, the current account gap widened to USD 3,532 million from USD 2,486 in 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).