Italy’s current account surplus rose to EUR 4.81 billion in November of 2018 from EUR 4.77 billion in the same month of the previous year. The primary income surplus advanced to EUR 1.73 billion from EUR 1.52 billion a year ago and the services deficit narrowed to EUR 1.09 billion from EUR 1.39 billion. On the other hand, the goods surplus decreased to EUR 5.09 billion from EUR 5.4 billion and the secondary income shortfall widened to EUR 0.93 billion from EUR 0.76 billion in November of 2017. Current Account in Italy averaged -10.99 EUR Million from 1942 until 2018, 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.
Current Account in Italy is expected to be 2720.00 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 2750.00 in 12 months time. In the long-term, the Italy Current Account is projected to trend around 1910.00 EUR Million in 2020, according to our econometric models.