Italy’s current account deficit narrowed slightly to EUR 5.225 billion in January of 2023 from EUR 5.470 billion in the corresponding period of the previous year, as energy prices fell and eased debits from the current account that were prevalent through 2022. The goods deficit narrowed to EUR 1.697 billion from EUR 3.978 billion, while the secondary income gap eased to EUR 1.343 billion from EUR 1.371 billion. On the other hand, the services gap widened to EUR 2.373 billion from EUR 1.735 billion and the primary income surplus fell to EUR 188 million from EUR 1.613 billion. source: Banca d'Italia

Current Account in Italy averaged 128.10 EUR Million from 1942 until 2023, 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 March of 2023.

Current Account in Italy is expected to be 500.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Italy Current Account is projected to trend around 1500.00 EUR Million in 2024 and 1750.00 EUR Million in 2025, according to our econometric models.

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Italy Current Account



Calendar GMT Actual Previous Consensus TEForecast
2023-02-17 10:00 AM Dec €2527M €374M €250
2023-03-22 10:00 AM Jan €-5225M €2546M €500.0M
2023-04-19 09:00 AM Feb €-5225M €-750.0M


Related Last Previous Unit Reference
Balance of Trade -4194.13 1360.11 EUR Million Jan 2023
Current Account -5225.10 2546.40 EUR Million Jan 2023
Imports 51710.59 50603.62 EUR Million Jan 2023
Exports 47516.46 51963.73 EUR Million Jan 2023
External Debt 2510439.00 2473373.00 EUR Million Sep 2022
Capital Flows -10781.60 6996.60 EUR Million Jan 2023
Remittances 118.45 123.53 EUR Million Sep 2022
Tourism Revenues 2235.29 2403.88 EUR Million Jan 2023
Foreign Direct Investment 4257.00 4548.00 EUR Million Jan 2023

Italy 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).
Actual Previous Highest Lowest Dates Unit Frequency
-5225.10 2546.40 19332.70 -10633.40 1942 - 2023 EUR Million Monthly

News Stream
Italy Current Account Deficit Narrows in January
Italy’s current account deficit narrowed slightly to EUR 5.225 billion in January of 2023 from EUR 5.470 billion in the corresponding period of the previous year, as energy prices fell and eased debits from the current account that were prevalent through 2022. The goods deficit narrowed to EUR 1.697 billion from EUR 3.978 billion, while the secondary income gap eased to EUR 1.343 billion from EUR 1.371 billion. On the other hand, the services gap widened to EUR 2.373 billion from EUR 1.735 billion and the primary income surplus fell to EUR 188 million from EUR 1.613 billion.
2023-03-22
Italy Current Account Surplus Widens in December
Italy’s current account surplus widened to EUR 2.527 million in December of 2022 from EUR 0.769 million in the corresponding month of the previous year. The goods account recorded a EUR 1.522 million surplus, switching from a EUR 0.935 million deficit and the secondary income gap narrowed to EUR 0.329 million from EUR 0.902 million. On the other hand, the services deficit widened to EUR 1.372 million and the primary income surplus fell to EUR 2.707 million from EUR 3.848 million. Considering 2022, the country’s current account posted a EUR 14.0 million deficit, compared with a EUR 54.4 million surplus in 2021, as energy prices declined from their yearly peaks and limited the amount of goods debits.
2023-02-17
Italy Records 2nd Straight Current Account Surplus
Italy recorded a current account surplus of EUR 446 million in November of 2022, narrowing sharply from the EUR 2,185 million surplus in the corresponding period of the previous year. Still, it was the second consecutive surplus following a series of unconventional current account deficits during 2022, as energy prices declined from their yearly peaks and limited the amount of goods debits. The goods account surplus narrowed to EUR 2,716 million from EUR 3,143 million in the corresponding period of 2021, while the services deficit widened to EUR 2,080 million from EUR 1,703 million and the primary account surplus narrowed to EUR 1,437 from EUR 2,480 million. On the other hand, the secondary account deficit narrowed to EUR 1,627 million from EUR 1,734 million.
2023-01-19