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.

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Italy Current Account

Actual Previous Highest Lowest Dates Unit Frequency
4136.00 4795.00 19332.70 -10633.40 1942 - 2020 EUR Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-02-19 10:00 AM Dec €4833M €4712M €2750M
2020-03-20 10:00 AM Jan €-209M €5094M €-800M
2020-04-20 09:00 AM Feb €4783M €-314M €3250M
2020-05-20 09:00 AM Mar €4136M €4795M €2460M
2020-06-19 09:00 AM Apr €4136M
2020-07-20 09:00 AM May
2020-08-19 09:00 AM Jun € 4220M
2020-09-18 09:00 AM Jul


News Stream
Italy Current Account Surplus Widens in March
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.
2020-05-20
Italy Current Account Surplus Widens in February
Italy's current account surplus widened to EUR 4,783 million in February of 2020 from EUR 2,143 million in the corresponding month of the previous year. The goods surplus rose to EUR 6,815 million from EUR 3,788 million in February of 2019 and the secondary income gap narrowed to EUR 2,276 million from EUR 2,294 million. On the other hand, the primary income surplus fell to EUR 1,579 million from EUR 1,872 million and the services shortfall advanced to EUR 1,335 million from EUR 1,223 million.
2020-04-20
Italy Current Account Gap Narrows Sharply in January
Italy's current account deficit fell significantly to EUR 0.21 billion in January of 2020 from EUR 0.98 billion a year earlier. The goods surplus rose to EUR 1.99 billion from EUR 1 billion in January of 2018 and the services gap shrank to EUR 0.99 billion from EUR 1.16 billion. Meantime, the primary income surplus decreased to EUR 0.46 billion from EUR 0.87 billion and while the secondary income shortfall fell slightly to EUR 1.67 billion from EUR 1.70 billion a year ago.
2020-03-20
Italy Current Account Surplus Widens in December
The current account surplus in Italy rose to EUR 4.833 billion in December 2019 from EUR 3.568 billion a year earlier. The goods surplus widened to EUR 6.161 billion from EUR 3.304 billion in December 2018 while the services gap climbed to EUR 1.146 billion from EUR 0.859 billion. Meantime, the primary income surplus narrowed to EUR 2.244 billion from EUR 3.347 billion and the secondary income deficit went up to EUR 2.425 billion from EUR 2.224 billion. Considering full 2019, the current account surplus widened to EUR 53.351 billion from EUR 45.974 billion in 2018.
2020-02-19

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).