Italy posted a current account deficit of EUR 2.018 billion in September of 2022, swinging from the EUR 4.967 billion surplus in the corresponding period of the previous year as the global economic slowdown dented demand for Italian exports while soaring energy prices inflated imports. The goods account recorded a gap of EUR 3.548 billion from a surplus of EUR 3.168 billion and the primary account surplus narrowed to EUR 2.618 billion from EUR 3.045 billion. On the other hand, the services account recorded a deficit of EUR 0.627 billion from a EUR 0.274 billion surplus in 2021, while the secondary account gap was reduced to EUR 0.461 billion from EUR 1.521 billion. source: Banca d'Italia
Current Account in Italy averaged 126.42 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 December of 2022.
Current Account in Italy is expected to be -2000.00 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 3200.00 EUR Million in 2023 and 3500.00 EUR Million in 2024, according to our econometric models.