Italy’s current account deficit narrowed slightly to EUR 5.225 billion in January of 2023 from EUR 5.470 billion in the corresponding period of the previous year, as energy prices fell and eased debits from the current account that were prevalent through 2022. The goods deficit narrowed to EUR 1.697 billion from EUR 3.978 billion, while the secondary income gap eased to EUR 1.343 billion from EUR 1.371 billion. On the other hand, the services gap widened to EUR 2.373 billion from EUR 1.735 billion and the primary income surplus fell to EUR 188 million from EUR 1.613 billion. source: Banca d'Italia
Current Account in Italy averaged 128.10 EUR Million from 1942 until 2023, 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 March of 2023.
Current Account in Italy is expected to be 500.00 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 1500.00 EUR Million in 2024 and 1750.00 EUR Million in 2025, according to our econometric models.