The Eurozone current account surplus narrowed sharply to EUR 25.5 billion in July 2020 from EUR 34.6 billion in the corresponding period of the previous year, as the services surplus declined to EUR 8.2 billion from EUR 10.0 billion while the primary income account posted a EUR 7.2 billion deficit, compared to a EUR 3.6 billion surplus in July 2019. Meanwhile, the goods surplus increased slightly to EUR 35.6 billion from EUR 34.6 billion last year, while the secondary income gap narrowed to EUR 11.1 billion from EUR 13.6 billion.

Current Account in the Euro Area averaged 7.66 EUR Billion from 1999 until 2020, reaching an all time high of 48.73 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 September of 2020. source: European Central Bank

Current Account in Euro Area is expected to be 24.50 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 28.00 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
25.54 17.27 48.73 -33.54 1999 - 2020 EUR Billion Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-06-19 08:00 AM Apr €10.2B €40.7B €26.8B €22.2B
2020-07-20 08:00 AM May €-10.5B €9.9B €14.5B €12.1B
2020-08-19 08:00 AM Jun €17.3B €-7.4B € 27.5B
2020-09-18 08:00 AM Jul €25.5B €17.3B €29B
2020-10-20 08:00 AM Aug €25.5B €26.8B
2020-11-19 09:00 AM Sep €24.5B
2020-12-18 09:00 AM Oct €38.2B


News Stream
Eurozone Current Account Surplus Narrows in July
The Eurozone current account surplus narrowed sharply to EUR 25.5 billion in July 2020 from EUR 34.6 billion in the corresponding period of the previous year, as the services surplus declined to EUR 8.2 billion from EUR 10.0 billion while the primary income account posted a EUR 7.2 billion deficit, compared to a EUR 3.6 billion surplus in July 2019. Meanwhile, the goods surplus increased slightly to EUR 35.6 billion from EUR 34.6 billion last year, while the secondary income gap narrowed to EUR 11.1 billion from EUR 13.6 billion.
2020-09-18
Euro Area Current Account Surplus Rises in June
The Eurozone current account surplus widened to EUR 17.26 billion in June of 2020 from EUR 15 billion a year earlier. The goods surplus went up to EUR 28.6 billion from EUR 25.9 billion, the services surplus increased slightly to EUR 2.5 billion from EUR 2.4 billion and the secondary income gap narrowed to EUR 8.8 billion from EUR 11.6 billion. In contrast, the primary income deficit widened to 5.1 billion from EUR 1.8 billion.
2020-08-19
Eurozone Current Account Swings to Deficit in May
The Euro Area's current account posted a EUR 10.5 billion deficit in May 2020, compared with a EUR 1.0 billion surplus in the same month last year and missing market expectations of a EUR 14.5 billion surplus. This was the largest deficit for a May month since 2011 as the goods surplus declined sharply to EUR 15.4 billion from EUR 26.5 billion a year ago, while the secondary income gap widened to EUR 12.5 billion from EUR 6.1 billion. Meanwhile, the services surplus increased to EUR 2.6 billion from EUR 1.0 billion, while the primary income deficit shrank to EUR 16.0 billion from EUR 20.3 billion.
2020-07-20
Eurozone Current Account Surplus Below Expectations
The Eurozone current account surplus narrowed to EUR 10.21 billion in April of 2020 from EUR 13.26 billion in the corresponding month of the previous year, below market expectations of a EUR 26.8 billion surplus. The goods surplus fell to EUR 12.64 billion from EUR 23.09 billion and the secondary income gap widened to EUR 10.73 billion from EUR 10.57 billion. On the other hand, the services account posted a EUR 1.20 billion, compared to a EUR 0.4 billion gap a year earlier and the primary income surplus rose to EUR 7.1 billion from EUR 1.18 billion.
2020-06-19

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).