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. source: Banca d'Italia

Current Account in Italy averaged 61.79 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 January of 2021.

Current Account in Italy is expected to be 2210.00 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 1980.00 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
8174.50 7495.50 19332.70 -10633.40 1942 - 2020 EUR Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-09-18 09:00 AM Jul €9308M €3515M €2150M
2020-10-20 09:00 AM Aug €5950M €10168M €4800M
2020-11-19 10:00 AM Sep €7642M €5950M €2290M
2020-12-18 10:00 AM Oct €8174M €7496M €6800M
2021-01-19 10:00 AM Nov €8174M €6450M
2021-02-19 10:00 AM Dec
2021-03-19 10:00 AM Jan
2021-04-20 09:00 AM Feb


News Stream
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 Surplus Rises in September
Italy’s current account surplus widened to EUR 1.642 billion in September 2020 from EUR 2.951 billion in the corresponding month of the previous year. The goods surplus rose to EUR 6.44 billion from EUR 3.384 billion a year earlier; the services surplus increased to EUR 0.838 billion from EUR 0.835 billion and the primary income surplus advanced to EUR 2.228 billion from EUR 0.409 billion. On the other hand, the secondary income shortfall climbed to EUR 1.864 billion from EUR 1.677 billion.
2020-11-19
Italy Current Account Surplus Widens in August
Italy’s current account surplus widened to EUR 5.95 billion in August of 2020 from Eur 4.34 billion in the corresponding month of the previous year. The goods surplus rose to EUR 4.23 billion from EUR 3.42 billion a year earlier; the services surplus increased to EUR 1.32 billion from EUR 1.06 billion and the primary income surplus advanced to EUR 2.21 billion from EUR 1.55 billion. On the other hand, the secondary income shortfall climbed to EUR 1.81 billion from EUR 1.69 billion.
2020-10-20
Italy Current Account Surplus Widens in July
Italy's current account surplus widened to EUR 9.3 billion in July 2020 from EUR 8.7 billion in the same month last year, as the goods surplus increased to EUR 9.8 billion from EUR 8.0 billion and the primary income surplus rose to EUR 1.3 billion from EUR 0.9 billion. Meanwhile, the services account was in balance, compared to a surplus of EUR 1.5 billion in July 2019, as tourism revenues declined to EUR 2.4 billion from EUR 6.0 billion amid the coronavirus crisis. The secondary income deficit, however, went up to EUR 1.8 billion from EUR 1.6 billion.
2020-09-18

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).