The Eurozone current account surplus widened to EUR 13.3 billion in May 2019 from EUR 9.3 billion in the corresponding month of the previous year. The goods surplus increased to EUR 28.9 billion from EUR 22.6 billion a year earlier; the primary income deficit narrowed to EUR 15.2 billion from EUR 16.8 billion and the secondary income gap declined to EUR 6.2 billion from EUR 6.5 billion. On the other hand, the services surplus fell to EUR 5.9 billion from EUR 10.1 billion a year ago. In January-May, the current account surplus decreased to EUR 97.6 billion from EUR 113.1 billion in the same period of 2018. Current Account in the Euro Area averaged 7.43 EUR Billion from 1999 until 2019, reaching an all time high of 47.72 EUR Billion in September of 2017 and a record low of -28.62 EUR Billion in January of 2008.

Current Account in Euro Area is expected to be 21.50 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 27.50 in 12 months time. In the long-term, the Euro Area Current Account is projected to trend around 28.90 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
2019-04-17 08:00 AM Current Account Feb €15.5B €10.6B €17.2B €21.2B
2019-05-20 08:00 AM Current Account Mar €35.1B €16.7B €34.5B €32.2B
2019-06-19 08:00 AM Current Account Apr €19.2B €35.1B €10.6B €15.1B
2019-07-19 08:00 AM Current Account May €13.3B €20.7B €12.5B
2019-08-19 08:00 AM Current Account Jun €13.3B €29.6B
2019-09-19 08:00 AM Current Account Jul €25.4B
2019-10-18 08:00 AM Current Account Aug €19.9B

Euro Area Trade Last Previous Highest Lowest Unit
Balance of Trade 23033.60 15915.60 30369.30 -16510.20 EUR Million [+]
Current Account 13.32 20.66 47.72 -28.62 EUR Billion [+]
Current Account to GDP 3.00 3.20 3.20 -1.50 percent [+]
Imports 180337.60 177268.20 195035.10 55698.40 EUR Million [+]
Exports 203371.20 193183.80 209250.90 53045.90 EUR Million [+]
External Debt 14431879.12 14185222.30 14450131.93 5501622.00 EUR Million [+]
Capital Flows 53.96 -31.16 106.32 -70.94 EUR Billion [+]
Gold Reserves 504.80 504.80 766.88 501.45 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 July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
13.32 20.66 47.72 -28.62 1999 - 2019 EUR Billion Monthly
Current Prices, NSA

Country Last Previous
Argentina -3849.43 Mar/19
Australia -2900.00 Mar/19
Brazil 662.00 May/19
Canada -17347.00 Mar/19
China 490.00 Mar/19
Euro Area 13.32 May/19
France 343.00 May/19
Germany 16500.00 May/19
India -4600.00 Mar/19
Indonesia -6966.00 Mar/19
Italy 2599.00 May/19
Japan 1594.84 May/19
Mexico -5634.10 Mar/19
Netherlands 18079.00 Mar/19
Russia 12100.00 Jun/19
Saudi Arabia 11518.00 Mar/19
Singapore 20296.50 Mar/19
South Africa -142495.00 Mar/19
South Korea 4949.40 May/19
Spain -413.00 Apr/19
Switzerland 17215.95 Mar/19
Turkey 151.00 May/19
United Kingdom -30045.00 Mar/19
United States -130400.00 Mar/19