Italy posted a current account surplus pf EUR 710 million in January of 2021, compared to a EUR 988 million deficit in the corresponding month of the previous year. The goods surplus widened sharply to EUR 1,813 million from EUR 874 million and the services gap narrowed to EUR 499 million from EUR 1,257 million. Also, the primary income surplus rose to EUR 1,000 million from EUR 700 million while the secondary income shortfall went up to EUR 1,604 million from EUR 1,305 million. source: Banca d'Italia

Current Account in Italy averaged 78.45 EUR Million from 1942 until 2021, 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 April of 2021.

Current Account in Italy is expected to be 1900.00 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 1910.00 in 12 months time. In the long-term, the Italy Current Account is projected to trend around 1750.00 EUR Million in 2022 and 1510.00 EUR Million in 2023, according to our econometric models.

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Italy Current Account

Actual Previous Highest Lowest Dates Unit Frequency
710.00 6715.00 19332.70 -10633.40 1942 - 2021 EUR Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-12-18 10:00 AM Oct €8174M €7496M €6800M
2021-01-19 10:00 AM Nov €7110M €8049M €6450M
2021-02-19 10:00 AM Dec €6715M €7121M €6780M
2021-03-22 10:00 AM Jan €710M €6715M €-870M
2021-04-20 09:00 AM Feb €710M €4150M
2021-05-20 09:00 AM Mar
2021-06-18 09:00 AM Apr
2021-07-20 09:00 AM May


News Stream
Italy Current Account Balance Swings to Surplus in January
Italy posted a current account surplus pf EUR 710 million in January of 2021, compared to a EUR 988 million deficit in the corresponding month of the previous year. The goods surplus widened sharply to EUR 1,813 million from EUR 874 million and the services gap narrowed to EUR 499 million from EUR 1,257 million. Also, the primary income surplus rose to EUR 1,000 million from EUR 700 million while the secondary income shortfall went up to EUR 1,604 million from EUR 1,305 million.
2021-03-22
Italy Current Account Surplus Rises in December
Italy’s current account surplus widened to EUR 6.715 billion in December of 2020 from EUR 5.739 billion in the same month of the previous year. The goods surplus rose to EUR 6.761 billion from EUR 5.175 billion and the services deficit narrowed to EUR 0.589 billion from EUR 0.847 billion. Meantime, the primary income surplus declined to EUR 2.596 billion from EUR 2.723 billion and the secondary income shortfall advanced to EUR 2.053 billion from EUR 1.312 billion. Considering Q4, the current account surplus went up to EUR 21.886 billion from EUR 20.463 billion in the corresponding period of 2019.
2021-02-19
Italy Current Account Surplus Widens in November
Italy’s current account surplus rose to EUR 7.1 billion in November of 2020 from EUR 5.1 billion in the same month of the previous year. The goods surplus increased to EUR 6.7 billion from EUR 5.1 billion a year earlier and the services deficit fell to EUR 1.2 billion from EUR 1.5 billion. At the same time, the primary income surplus widened to EUR 2.9 billion from EUR 2.2 billion in November of 2019 while the secondary income shortfall rose to EUR 1.3 billion from EUR 0.7 billion.
2021-01-19
Italy Current Account Surplus Narrows in October
Italy’s current account surplus shrank to EUR 8.17 billion in October of 2020 from EUR 9.63 in the same month of the previous year. The goods surplus decreased to EUR 7.29 billion from EUR 8.19 billion a year earlier and the services deficit went up to EUR 0.84 billion from EUR 0.47 billion. At the same time, the primary income surplus rose to EUR 2.92 billion from EUR 2.57 billion while the secondary income gap widened sharply to EUR 1.19 billion from EUR 0.66 billion in October of 2019.
2020-12-18

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).