The current account surplus in the Euro Area narrowed to EUR 35.1 billion in March 2019 from EUR 43.9 billion in the corresponding month of the previous year and compared with market expectations of a EUR 34.5 billion surplus. The goods surplus declined to EUR 30.5 billion from EUR 34.2 billion a year earlier and the services surplus fell to EUR 7.0 billion from EUR 8.3 billion. Also, the primary income surplus dropped to EUR 10.4 billion from EUR 16.0 billion last year, while the secondary income deficit shrank to EUR 12.7 billion from EUR 14.6 billion. Considering the first quarter as a whole, the current account surplus narrowed to EUR 62.8 billion from EUR 74.6 billion in the same period of 2018. Current Account in the Euro Area averaged 7.50 EUR Billion from 1999 until 2019, reaching an all time high of 53.09 EUR Billion in December of 2015 and a record low of -28.62 EUR Billion in January of 2008.

Current Account in Euro Area is expected to be 29.60 EUR Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Euro Area to stand at 30.10 in 12 months time. In the long-term, the Euro Area Current Account is projected to trend around 28.90 EUR Billion in 2020, according to our econometric models.

Euro Area Current Account
Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2019-02-19 09:00 AM Current Account €33B €25.6B €36.2B €32.2B
2019-03-22 09:00 AM Current Account €9.3B €33B €6.5B
2019-04-17 08:00 AM Current Account €15.5B €10.6B €17.2B €21.2B
2019-05-20 08:00 AM Current Account €35.1B €16.7B €34.5B €32.2B
2019-06-19 08:00 AM Current Account €35.1B €27.1B
2019-07-19 08:00 AM Current Account €12.5B
2019-08-19 08:00 AM Current Account €29.6B

Euro Area Trade Last Previous Highest Lowest Unit
Balance of Trade 22532.90 19139.00 30374.60 -16510.20 EUR Million [+]
Current Account 35.10 16.70 53.09 -28.62 EUR Billion [+]
Current Account to GDP 3.00 3.20 3.20 -1.50 percent [+]
Imports 183095.50 167345.10 195477.40 55698.40 EUR Million [+]
Exports 205628.50 186484.10 209272.30 53045.90 EUR Million [+]
External Debt 14185222.30 14450131.93 14450131.93 5501622.00 EUR Million [+]
Capital Flows 36.70 14.80 106.32 -70.94 EUR Billion [+]
Gold Reserves 504.80 504.77 766.88 501.45 Tonnes [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category

Euro Area 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). This page provides the latest reported value for - Euro Area Current Account - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Euro Area Current Account - actual data, historical chart and calendar of releases - was last updated on May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
35.10 16.70 53.09 -28.62 1999 - 2019 EUR Billion Monthly
Current Prices, NSA

Country Last Previous
Argentina -2317.00 Dec/18
Australia -7203.00 Dec/18
Brazil -494.20 Mar/19
Canada -15483.00 Dec/18
China 586.00 Mar/19
Euro Area 35.10 Mar/19
France -1263.00 Mar/19
Germany 30217.35 Mar/19
India -16899.55 Dec/18
Indonesia -6966.00 Mar/19
Italy 4040.10 Mar/19
Japan 2847.87 Mar/19
Mexico -5634.10 Mar/19
Netherlands 27505.30 Dec/18
Russia 32800.00 Mar/19
Saudi Arabia 18521.00 Dec/18
Singapore 20296.50 Mar/19
South Africa -110158.00 Dec/18
South Korea 4820.00 Mar/19
Spain -2769.00 Feb/19
Switzerland 15181.70 Dec/18
Turkey -589.00 Mar/19
United Kingdom -23707.00 Dec/18
United States -134377.00 Dec/18