The Euro Area current account surplus widened to EUR 36.6 billion in November of 2019 from EUR 31.8 billion in the corresponding month of the previous year. The services surplus rose to EUR 6.6 billion from EUR 4.4 billion a year earlier and the secondary income deficit narrowed to EUR 9.5 billion from EUR 13.9 billion. On the other hand, the goods surplus declined to EUR 28.5 billion from EUR 29.0 billion a year earlier and the primary income surplus fell to EUR 11.0 billion from EUR 12.2 billion. Current Account in the Euro Area averaged 7.57 EUR Billion from 1999 until 2019, reaching an all time high of 51.10 EUR Billion in December of 2017 and a record low of -33.54 EUR Billion in January of 2008. source: European Central Bank
Current Account in Euro Area is expected to be 30.10 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 25.10 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.