Ukraine recorded a current account gap of EUR 8 million in April of 2019, swinging from a EUR 171 million surplus in the corresponding month of the previous year. The goods and services shortfall widened to EUR 736 million from EUR 344 million in April of 2018 while the secondary income surplus narrowed to EUR 257 million from EUR 281 million. Meanwhile, the primary income surplus rose to EUR 471 million from EUR 234 million a year ago. Considering the January to April period, Ukraine’s current account deficit widened to EUR 388 million from EUR 354 million a year ago. Current Account in Ukraine averaged -497.88 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 -160.00 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 Ukraine to stand at -800.00 in 12 months time. In the long-term, the Ukraine Current Account is projected to trend around -220.00 USD Million in 2020, according to our econometric models.