The Eurozone current account surplus widened to EUR 51.9 billion in December of 2020 from EUR 33.4 billion in the corresponding month of the previous year. The goods surplus rose to EUR 41.7 billion from EUR 31.1 billion and the primary income surplus advanced to EUR 13.2 billion from EUR 11.7 billion. Also, the services account posted a EUR 10.3 billion surplus, compared to a EUR 0.8 billion deficit. On the other hand, the secondary income shortfall went up to EUR 13.3 billion from EUR 8.5 billion. Considering full 2020, the current account surplus shank to EUR 257 billion from EUR 274 billion in 2019. source: European Central Bank
Current Account in the Euro Area averaged 7.81 EUR Billion from 1999 until 2020, reaching an all time high of 51.90 EUR Billion in December of 2020 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 March of 2021.
Current Account in Euro Area is expected to be 32.00 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 28.90 in 12 months time. In the long-term, the Euro Area Current Account is projected to trend around 30.00 EUR Billion in 2022, according to our econometric models.