The current account surplus in the Euro Area narrowed to EUR 26.6 billion in October 2018 from EUR 37.4 billion in the same month of the previous year. The goods surplus declined sharply to EUR 19.5 billion from EUR 28.8 billion a year ago and the secondary deficit widened to EUR 13.7 billion from EUR 10.8 billion. On the other hand, the services surplus increased to EUR 10.4 billion from EUR 9.1 billion a year earlier and the primary income surplus edged up to EUR 10.4 billion from EUR 10.3 billion. Current Account in the Euro Area averaged 7.26 EUR Billion from 1999 until 2018, reaching an all time high of 55.21 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 44.10 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 36.20 in 12 months time. In the long-term, the Euro Area Current Account is projected to trend around 34.40 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
2018-09-19 08:00 AM Current Account €31.9B €28.8B €22.4B €45.1B
2018-10-19 08:00 AM Current Account €20.5B €30B €21.4B €36.3B
2018-11-19 09:00 AM Current Account €24.07B €20.9B €41.4B
2018-12-20 09:00 AM Current Account €26.6B €24.7B €21.7B
2019-01-18 09:00 AM Current Account €26.6B €25.1B
2019-02-19 09:00 AM Current Account 44.1
2019-03-22 09:00 AM Current Account

Euro Area Trade Last Previous Highest Lowest Unit
Balance of Trade 18967.90 14666.50 30078.90 -16510.20 EUR Million [+]
Current Account 26.63 24.70 55.21 -28.62 EUR Billion [+]
Current Account to GDP 3.50 3.40 3.50 -1.50 percent [+]
Imports 184042.60 194469.50 194469.50 55698.40 EUR Million [+]
Exports 203010.50 209136.00 209136.00 53045.90 EUR Million [+]
External Debt 14450131.93 14295209.69 14450131.93 5501622.00 EUR Million [+]
Capital Flows 14.62 65.03 105.30 -70.94 EUR Billion [+]
Gold Reserves 504.77 504.77 766.88 501.45 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 January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
26.63 24.70 55.21 -28.62 1999 - 2018 EUR Billion Monthly
Current Prices, NSA

Country Last Previous
Argentina -7591.00 Sep/18
Australia -10688.00 Sep/18
Brazil -795.30 Nov/18
Canada -10343.00 Sep/18
China 233.00 Sep/18
Euro Area 26.63 Oct/18
France -2756.00 Nov/18
Germany 21400.00 Nov/18
India -19100.00 Sep/18
Indonesia -8846.10 Sep/18
Italy 6081.00 Oct/18
Japan 757.22 Nov/18
Mexico -5081.50 Sep/18
Netherlands 20484.80 Sep/18
Russia 27664.00 Sep/18
Saudi Arabia 29583.00 Sep/18
Singapore 23400.20 Sep/18
South Africa -176577.00 Sep/18
South Korea 5063.40 Nov/18
Spain 294.00 Oct/18
Switzerland 14596.00 Sep/18
Turkey 986.00 Nov/18
United Kingdom -26522.00 Sep/18
United States -124817.00 Sep/18