Italy's current account surplus widened to EUR 4,136 million in March 2020 from EUR 2,721 million in the corresponding month of the previous year. The goods surplus increased to EUR 6,302 million from EUR 5,086 million a year earlier and the secondary income deficit narrowed to EUR 2,034 million from EUR 2,970 million. Meanwhile, the services gap went up to EUR 1,972 million from EUR 1,280 million in March 2019 and the primary income surplus decreased to EUR 1,840 million from EUR 1,885 million. Considering the first quarter of the year, the country recorded a EUR 8,617 million current account surplus.
Current Account in Italy averaged 23.19 EUR Million from 1942 until 2020, reaching an all time high of 19332.70 EUR Million in July of 1981 and a record low of -10633.40 EUR Million in August of 1981. This page provides - Italy Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Italy Current Account - data, historical chart, forecasts and calendar of releases - was last updated on June of 2020. source: Banca d'Italia
Current Account in Italy is expected to be 4220.00 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 Italy to stand at 1900.00 in 12 months time. In the long-term, the Italy Current Account is projected to trend around 1910.00 EUR Million in 2021 and 1750.00 EUR Million in 2022, according to our econometric models.