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.

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Italy Current Account



Calendar GMT Actual Previous Consensus TEForecast
2022-10-20 09:00 AM Aug €-5259M €1874M €-1015M
2022-11-22 10:00 AM Sep €-2018M €-5494M €-5500M
2022-12-20 10:00 AM Oct €-2018M €-1500M


Related Last Previous Unit Reference
Current Account -2018.00 -5494.00 EUR Million Sep 2022
External Debt 2470741.00 2477624.00 EUR Million Jun 2022
Capital Flows -7649.90 -11690.00 EUR Million Sep 2022
Remittances 123.53 111.49 EUR Million Jun 2022
Tourism Revenues 5378.88 6526.00 EUR Million Sep 2022
Foreign Direct Investment -2529.00 4287.00 EUR Million Sep 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
-2018.00 -5494.00 19332.70 -10633.40 1942 - 2022 EUR Million Monthly

News Stream
Italy Current Account Swings to Deficit
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.
2022-11-22
Italy Current Account at Second-Widest Gap on Record
Italy posted a current account deficit of EUR 5.259 billion in August of 2022, briskly swinging from the EUR 5.285 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 foreign purchases. The goods account recorded a gap of EUR 6.481 from a surplus of EUR 2.719 billion, the widest on record, as the premium that Italy paid to source energy from sources other than Russia drove inflows of goods to nearly double. Also, the services account swung to a gap of EUR 0.131 billion from a surplus of EUR 0.986 billion. Meanwhile, the primary account surplus narrowed to EUR 3.097 billion from EUR 3.462 billion and the secondary account gap widened to EUR 1.745 billion from EUR 1.646 billion.
2022-10-20
Italy Posts Widest Current Account Surplus in 9 Months
Italy posted a current account surplus of EUR 1.636 billion in July of 2022, narrowing sharply from the EUR 8.706 billion in the corresponding month of the previous year. Still, it was the first surplus since March and the widest since October of 2021. The goods account surplus narrowed to EUR 1.013 billion from EUR 9.024 billion, largely due to more expensive energy imports, and the secondary income deficit widened to EUR 1.656 billion from EUR 1.521 billion. On the other hand, the services gap narrowed to EUR 0.035 billion from EUR 0.337 billion and the primary account surplus rose to EUR 2.315 billion from EUR 1.541 billion.
2022-09-20