Italy posted a current account deficit of EUR 1.516 billion in February of 2022, swinging from a EUR 3.665 billion surplus in the corresponding period of the previous year. It was the second consecutive current account gap, as the goods account swung to a deficit of EUR 417 million from a EUR 5.315 billion surplus. On the other hand, the services account gap narrowed to EUR 1.25 billion from EUR 1.545 billion, while the primary account surplus widened to EUR 2.473 billion from EUR 2.247 billion and the secondary account gap slightly narrowed to EUR 2.322 billion from EUR 2.351 billion. source: Banca d'Italia

Current Account in Italy averaged 121.86 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 May of 2022.

Current Account in Italy is expected to be 2860.00 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
2022-03-22 10:00 AM Jan €-5907M €4594M €4110M
2022-04-22 09:00 AM Feb €-1517M €-6056M €2920M
2022-05-19 09:00 AM Mar €-1517M €-4420M


Related Last Previous Unit Reference
Current Account -1516.50 -6056.20 EUR Million Feb 2022
External Debt 2443292.00 2409210.00 EUR Million Dec 2021
Capital Flows -2333.00 -7435.00 EUR Million Feb 2022
Remittances 122.02 113.28 EUR Million Dec 2021
Tourism Revenues 1639.98 1497.54 EUR Million Feb 2022
Foreign Direct Investment 1228.00 6096.00 EUR Million Feb 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
-1516.50 -6056.20 19332.70 -10633.40 1942 - 2022 EUR Million Monthly

News Stream
Italy Current Account Swings to Deficit in February
Italy posted a current account deficit of EUR 1.516 billion in February of 2022, swinging from a EUR 3.665 billion surplus in the corresponding period of the previous year. It was the second consecutive current account gap, as the goods account swung to a deficit of EUR 417 million from a EUR 5.315 billion surplus. On the other hand, the services account gap narrowed to EUR 1.25 billion from EUR 1.545 billion, while the primary account surplus widened to EUR 2.473 billion from EUR 2.247 billion and the secondary account gap slightly narrowed to EUR 2.322 billion from EUR 2.351 billion.
2022-04-22
Italy Posts Largest Current Account Gap in 10 Years
Italy posted a current account deficit of EUR 5.907 billion in January of 2022, swinging from a EUR 0.936 surplus in the corresponding month of the prior year. It was the first current account gap since April of 2020 and the largest since May of 2011, as the goods account swung to a deficit of EUR 4.422 billion from a EUR 2.198 billion surplus, while the services account gap widened to EUR 1.25 billion from EUR 0.966 billion. On the other hand, the primary account surplus widened marginally to EUR 1.447 billion from EUR 1.462 billion, while the secondary account gap widened to EUR 1.686 billion from EUR 1.759 billion.
2022-03-22
Italy Current Account Surplus Shrinks in December
Italy’s current account surplus narrowed to EUR 4.399 billion in December of 2021 from EUR 7.500 billion in the corresponding month of the previous year. The goods surplus shrank to EUR 1.845 billion from EUR 6.804 billion and the primary income surplus went down to EUR 3.393 billion from EUR 3.714 billion. Also, the services gap widened to EUR 1.388 billion from EUR 0.459 billion while the secondary income account swung to a EUR 0.548 billion surplus from a EUR 2.560 billion gap. Considering full 2021, the current account surplus fell to EUR 58.180 billion from EUR 62.084 billion.
2022-02-18