Italy posted a current account deficit of EUR 1.251 billion in May of 2022, swinging from a surplus of EUR 4.240 billion in the corresponding month of the previous year. The goods surplus narrowed sharply to EUR 1.392 billion from EUR 6.299 billion while the services gap went down to EUR 1.064 billion from EUR 1.588 billion. Also, the primary income account recorded a EUR 0.432 billion gap, compared to a EUR 0.545 billion surplus a year earlier and the secondary income deficit widened to EUR 1.147 billion from EUR 1.016 billion. source: Banca d'Italia

Current Account in Italy averaged 117.24 EUR Million from 1942 until 2022, 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 August of 2022.

Current Account in Italy is expected to be 2600.00 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 1510.00 EUR Million in 2023, according to our econometric models.

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Italy Current Account



Calendar GMT Actual Previous Consensus TEForecast
2022-06-21 09:00 AM Apr €-2190M €-910M €-875M
2022-07-20 09:00 AM May €-1251M €-2316M €-3900M
2022-08-19 09:00 AM Jun €-1251M €-1700M


Related Last Previous Unit Reference
Current Account -1251.00 -2316.00 EUR Million May 2022
External Debt 2477624.00 2443292.00 EUR Million Mar 2022
Capital Flows 947.30 -2632.90 EUR Million May 2022
Remittances 111.49 122.02 EUR Million Mar 2022
Foreign Direct Investment 516.00 1313.00 EUR Million May 2022
Tourism Revenues 3361.59 2734.79 EUR Million May 2022

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
-1251.00 -2316.00 19332.70 -10633.40 1942 - 2022 EUR Million Monthly

News Stream
Italy Current Account Swings to Deficit in May
Italy posted a current account deficit of EUR 1.251 billion in May of 2022, swinging from a surplus of EUR 4.240 billion in the corresponding month of the previous year. The goods surplus narrowed sharply to EUR 1.392 billion from EUR 6.299 billion while the services gap went down to EUR 1.064 billion from EUR 1.588 billion. Also, the primary income account recorded a EUR 0.432 billion gap, compared to a EUR 0.545 billion surplus a year earlier and the secondary income deficit widened to EUR 1.147 billion from EUR 1.016 billion.
2022-07-20
Italy Current Account Swings to Deficit in April
Italy posted a current account deficit of EUR 2.19 billion in April of 2022, swinging from a surplus of EUR 6.39 billion in the corresponding period of the previous year. It was the fourth consecutive current account gap, as the goods account swung to a deficit of EUR 1.78 billion from a surplus of EUR 6.81 billion in the previous year, and the secondary account gap widened to EUR 1.4 billion from EUR 1.14 billion. On the other hand, the services deficit narrowed to EUR 1.17 billion from EUR 1.36 billion, and the primary account surplus widened to EUR 2.15 billion from EUR 2.08 billion.
2022-06-21
Italy Current Account Swings to Deficit in March
Italy posted a current account deficit of EUR 1.025 billion in March of 2022, swinging from a surplus of EUR 3.05 billion in the corresponding period of the previous year. It was the third consecutive current account gap, as the goods account surplus sharply narrowed to EUR 1.107 billion from EUR 5.756 billion a year ago, while the services gap slightly widened to EUR 1.992 billion from EUR 1.937 billion. On the other hand, the primary account surplus grew to EUR 2.904 billion from EUR 2.301 billion and the second account deficit narrowed to EUR 3.044 billion from EUR 3.07 billion.
2022-05-19