The Eurozone current account surplus narrowed sharply to EUR 25.5 billion in July 2020 from EUR 34.6 billion in the corresponding period of the previous year, as the services surplus declined to EUR 8.2 billion from EUR 10.0 billion while the primary income account posted a EUR 7.2 billion deficit, compared to a EUR 3.6 billion surplus in July 2019. Meanwhile, the goods surplus increased slightly to EUR 35.6 billion from EUR 34.6 billion last year, while the secondary income gap narrowed to EUR 11.1 billion from EUR 13.6 billion.
Current Account in the Euro Area averaged 7.66 EUR Billion from 1999 until 2020, reaching an all time high of 48.73 EUR Billion in December of 2017 and a record low of -33.54 EUR Billion in January of 2008. 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 - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020. source: European Central Bank
Current Account in Euro Area is expected to be 24.50 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 28.00 in 12 months time. In the long-term, the Euro Area Current Account is projected to trend around 28.90 EUR Billion in 2021 and 30.00 EUR Billion in 2022, according to our econometric models.