The current account surplus in Ukraine widened to USD 446 million in January 2019 from USD 119 million in the same month of the previous year. It was the largest trade surplus since May 2016, as the goods and services shortfall declined to USD 247 million from USD 556 million a year ago and the primary income surplus widened to USD 434 million from USD 361 million in January of 2018. On the other hand, the secondary income surplus decreased slightly to USD 259 million from USD 314 million. Current Account in Ukraine averaged -505.24 USD Million from 2010 until 2019, reaching an all time high of 513 USD Million in December of 2015 and a record low of -2498 USD Million in September of 2013.
Current Account in Ukraine is expected to be -741.10 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 Ukraine to stand at -759.07 in 12 months time. In the long-term, the Ukraine Current Account is projected to trend around -759.02 USD Million in 2020, according to our econometric models.