The current account deficit in Ukraine rose to USD 432 million in June of 2019 from USD 126 million in the corresponding month of the previous year. The goods deficit widened sharply to USD 1,338 million from USD 861 million a year earlier while the services surplus went up to USD 151 million from USD 47 million. At the same time, primary income surplus advanced to USD 491 million from USD 392 million in June of 2018 and the secondary services surplus narrowed to USD 264 million from USD 296 million. Considering the second quarter of the year, the current account deficit widened to USD 196 million from USD 11 million in the same period a year earlier. Current Account in Ukraine averaged -485.72 USD Million from 2010 until 2019, reaching an all time high of 642 USD Million in January of 2019 and a record low of -2498 USD Million in September of 2013.
Current Account in Ukraine is expected to be -1450.00 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 -140.00 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.