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.

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Euro Area Current Account

Actual Previous Highest Lowest Dates Unit Frequency
40.66 31.63 50.38 -33.54 1999 - 2020 EUR Billion Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-02-19 09:00 AM Dec €51.2B €35.2B €42.4B €38.8B
2020-03-20 09:00 AM Jan €8.7B €51.2B €20.5B €9.5B
2020-04-20 08:00 AM Feb €33.8B €10.5B €18.4B
2020-05-20 08:00 AM Mar €40.7B €33.8B €27.1B
2020-06-19 08:00 AM Apr €40.7B €16.2B
2020-07-20 08:00 AM May €5.1B
2020-08-19 08:00 AM Jun € 27.5B
2020-09-18 08:00 AM Jul €29B


News Stream
Eurozone Current Account Surplus Widens in March
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.
2020-05-20
Eurozone Current Account Surplus Widens Sharply in February
The Eurozone current account surplus widened sharply to EUR 33.8 billion in February 2020 from EUR 19.4 billion in the same month of the previous year. The goods surplus increased to EUR 32.6 billion from EUR 25.9 billion a year earlier and the primary income surplus rose to EUR 10.9 billion from EUR 10.1 billion, while the secondary income deficit narrowed to EUR 14.1 billion from EUR 24.2 billion. Meanwhile, the services surplus declined to EUR 4.5 billion from EUR 7.6 billion.
2020-04-20
Eurozone Current Account Surplus Flat in January
The Eurozone current account surplus stood at EUR 8.7 billion in January 2020, unchanged from the previous year. The goods surplus narrowed to EUR 9.6 billion from EUR 10.4 billion a year earlier, while the secondary income deficit widened to EUR 19.6 billion from EUR 15.8 billion. Meanwhile, the services surplus increased to EUR 7.7 billion from EUR 5.5 billion and the primary income surplus rose to EUR 11.0 billion from EUR 8.6 billion.
2020-03-20
EA Posts Largest Current Account Surplus on Record
The Euro Area current account surplus widened to EUR 51.2 billion in December of 2019 from EUR 42.8 billion in the same month of the previous year. It was the largest current account surplus on record, as the goods surplus increased to EUR 33.1 billion from EUR 26.5 billion a year earlier and the secondary income deficit narrowed to EUR 9.5 billion from EUR 15.9 billion. Meanwhile, the services surplus declined to EUR 7.7 billion from EUR 9.5 billion a year earlier and the primary income surplus went down to EUR 19.8 billion from EUR 22.6 billion. Considering 2019 as a whole, the Euro Area current account surplus decreased to EUR 356.4 billion, or 3 percent of GDP, from EUR 359.5 billion in 2018, or 3.1 percent of GDP.
2020-02-19

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).