Serbia’s current account deficit narrowed sharply to USD 58.7 million in February 2021 from USD 463.8 million in the corresponding month of the previous year. The goods gap declined to USD 379 million from USD 535 million a year earlier, while the services surplus expanded to USD 138 million from USD 43 million. Additionally, the primary income shortfall dropped to USD 113 million from USD 219 million, whilst the secondary income improved to a surplus of USD 296 million from USD 247 million. source: National Bank of Serbia

Current Account in Serbia averaged -253.50 USD Million from 2001 until 2021, reaching an all time high of 305.70 USD Million in January of 2021 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 May of 2021.

Current Account in Serbia is expected to be -350.00 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 -390.00 in 12 months time. In the long-term, the Serbia Current Account is projected to trend around -390.00 USD Million in 2022 and -420.00 USD Million in 2023, according to our econometric models.

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Serbia Current Account

Actual Previous Highest Lowest Dates Unit Frequency
-58.70 305.70 305.70 -1073.40 2001 - 2021 USD Million Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-01-20 12:00 PM Nov $-266.1M $28.6M
2021-02-17 12:00 PM Dec $-21.23M $-262M
2021-03-22 12:00 PM Jan $302.7 M $-21.23M $15M
2021-04-19 10:00 AM Feb $-58.7M $305.7M $302.7M
2021-05-19 11:00 AM Mar $-58.7M
2021-06-18 11:00 AM Apr
2021-07-20 11:00 AM May
2021-08-18 11:00 AM Jun


News Stream
Serbia Current Account Gap Narrows Sharply in February
Serbia’s current account deficit narrowed sharply to USD 58.7 million in February 2021 from USD 463.8 million in the corresponding month of the previous year. The goods gap declined to USD 379 million from USD 535 million a year earlier, while the services surplus expanded to USD 138 million from USD 43 million. Additionally, the primary income shortfall dropped to USD 113 million from USD 219 million, whilst the secondary income improved to a surplus of USD 296 million from USD 247 million.
2021-04-19
Serbia Current Account Balance Swings to Record Surplus in January
Serbia posted a current account surplus of USD 302.7 million in January of 2021, compared to a USD 90.9 million deficit in the corresponding month of the previous year. It was the highest current account surplus recorded since series began in 2002, as the goods and services gap narrowed to USD 15.9 million from USD 309.6 million and the primary income shortfall declined to USD 87.3 million from USD 131.1 million. Also, the secondary income surplus widened to USD 405.8 million from USD 349.8 million.
2021-03-22
Serbia Current Account Narrows in December
The current account deficit in Serbia shrank to USD 21.2 million in December of 2020 from USD 586.5 million a year earlier, as the goods and services gap decreased to USD 495 million from USD 875 million, along with the primary income shortfall of EUR 107.5 million from USD 220.8 million, while the secondary income surplus rose to USD 581.3 million from USD 464.2 million. Considering full 2020, the current account deficit narrowed to USD 2,220.3 million from USD 3,547.1 million in the previous year.
2021-02-17
Serbia Current Account Gap Rises in September
The current account deficit in Serbia widened to USD 193 million in September of 2020 from USD 150 million a year earlier, as the goods and services gap increased to USD 395 million from USD 229 million. Meantime, the primary income shortfall narrowed to EUR 160 million from USD 243 million and the secondary income surplus rose to USD 362 million from USD 322 million.
2020-11-19

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).