The Eurozone current account surplus narrowed to EUR 33.5 billion in September 2020 from EUR 38.3 billion in the corresponding period of the previous year, as the services surplus declined to EUR 11.7 billion from EUR 20.1 billion while the primary income account posted a EUR 2.9 billion deficit, compared to a EUR 2.1 billion surplus in September 2019. Meanwhile, the goods surplus increased to EUR 35.5 billion from EUR 28.2 billion last year, while the secondary income gap fell to EUR 10.8 billion from EUR 12.1 billion. source: European Central Bank
Current Account in the Euro Area averaged 7.79 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 November of 2020.
Current Account in Euro Area is expected to be 25.10 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 2021 and 30.00 EUR Billion in 2022, according to our econometric models.