France’s current account deficit narrowed to EUR 1.1 billion in December 2018 from an upwardly revised EUR 3.0 billion in the previous month, as the services surplus increased to EUR 2.9 billion from EUR 2.0 billion. Also, the secondary income shortfall declined to EUR 3.7 billion from EUR 5.0 billion in November. Meantime, the goods gap widened to EUR 4.7 billion from EUR 4.6 billion int the prior month and the primary income surplus fell to EUR 4.4 billion from EUR 4.5 billion. Current Account in France averaged 131.29 EUR Million from 1993 until 2018, reaching an all time high of 4784 EUR Million in August of 1998 and a record low of -6160 EUR Million in June of 2014.
Current Account in France is expected to be -2200.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in France to stand at -590.00 in 12 months time. In the long-term, the France Current Account is projected to trend around -780.00 EUR Million in 2020, according to our econometric models.