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Montenegro's c/a gap expands in Q1 - table

Author Radomir Ralev
Montenegro's c/a gap expands in Q1 - table Source:

PODGORICA (Montenegro), May 21 (SeeNews) - Montenegro's current account balance showed a deficit of 317.6 million euro ($354 million) in the first quarter of 2019, compared to a deficit of 303.6 million euro in the like period of last year, the country's statistical office said.

The deficit in trade in goods increased to 409.2 million euro in January-March, while the surplus in services grew to 25.8 million euro, according to data posted on the website of Montenegro's statistical office.

Primary income came in at 9.4 million euro, while secondary revenue amounted to 56.4 million euro last year.

Details follow (in millions of euro):

  Q1'19 Q1'18
Current account -317.6 -303.6
- trade in goods balance -409.2 -389.3
- balance of services 25.8 18.0
- primary income 9.4 11.9
- secondary income  56.4 55.9
Net financial account -291.8 -147.5

($ = 0.897186 euro)