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.