The Eurozone current account surplus widened to EUR 40.66 billion in March 2020 from EUR 38.1 billion in the same month last year, as the goods surplus increased to EUR 39.68 billion from EUR 31.30 billion and the secondary income deficit dropped to EUR 10.34 billion from EUR 13.69 billion. Meanwhile, the service surplus narrowed to EUR 3.25 billion from EUR 9.20 billion a year ago and the primary income surplus declined to EUR 8.07 billion from EUR 11.30 billion. Considering the first quarter of the year, the current account surplus widened to EUR 83.05 billion from EUR 67.94 billion in the same period of 2019.
Current Account in the Euro Area averaged 7.82 EUR Billion from 1999 until 2020, reaching an all time high of 50.38 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 May of 2020. source: European Central Bank
Current Account in Euro Area is expected to be 27.50 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 32.00 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.