Italy’s current account surplus narrowed to EUR 5.03 billion in August of 2021 from EUR 6.99 billion in the corresponding month of 2020. The goods surplus decreased to EUR 2.47 billion form EUR 4.68 billion a year earlier, while the secondary income gap widened to EUR 1.67 billion from EUR 1.31 billion. At the same time, the services account surplus widened to EUR 1.62 billion from EUR 1.39 billion and primary income increased its surplus to EUR 2.61 billion from EUR 2.23 billion in August of 2021. source: Banca d'Italia

Current Account in Italy averaged 125.20 EUR Million from 1942 until 2021, 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 October of 2021.

Current Account in Italy is expected to be 4920.00 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 2870.00 EUR Million in 2022 and 1510.00 EUR Million in 2023, according to our econometric models.

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Italy Current Account


Calendar GMT Actual Previous Consensus TEForecast
2021-09-17 09:00 AM Jul €7947M €3655M €7400M
2021-10-20 09:00 AM Aug €5031M €7947M €5840M
2021-11-19 10:00 AM Sep €5510M


News Stream
Italy Current Account Surplus Narrows in August
Italy’s current account surplus narrowed to EUR 5.03 billion in August of 2021 from EUR 6.99 billion in the corresponding month of 2020. The goods surplus decreased to EUR 2.47 billion form EUR 4.68 billion a year earlier, while the secondary income gap widened to EUR 1.67 billion from EUR 1.31 billion. At the same time, the services account surplus widened to EUR 1.62 billion from EUR 1.39 billion and primary income increased its surplus to EUR 2.61 billion from EUR 2.23 billion in August of 2021.
2021-10-20
Italy Current Account Surplus Narrows in July
Italy’s current account surplus shrank to EUR 7.94 billion in July of 2021 from EUR 10 billion in the same month of the previous year. The goods surplus decreased to EUR 9.02 billion from EUR 9.77 billion a year earlier, whereas the services balance swung to a deficit of EUR 0.1 billion from EUR 0.6 billion surplus. At the same time, the primary income surplus decreased to EUR 0.58 billion from EUR 0.79 billion while the secondary income gap widened to EUR 1.5 billion from EUR 1.2 billion in July of 2020.
2021-09-17
Italy Current Account Surplus Shrinks in June
Italy’s current account surplus shrank to EUR 3.5 billion in June of 2021 from EUR 3.87 billion in the corresponding month of the previous year. The goods surplus narrowed to EUR 6.1 billion from EUR 6.5 billion and the services deficit widened to EUR 1.1 billion from EUR 0.8 billion. Also, the secondary income gap worsened slightly to EUR 1.81 billion from EUR 1.79 billion while the primary income surplus went up to EUR 0.244 billion from EUR 0.03 billion.
2021-08-19

Italy Last Unit Reference Previous Highest Lowest
Current Account 5030.80 EUR Million Aug/21 8261.50 19332.70 -10633.40
External Debt 2362795.00 EUR Million Jun/21 2345211.00 2362795.00 524899.00
Capital Flows 5255.00 EUR Million Aug/21 -905.00 25819.00 -27549.50
Remittances 116.18 EUR Million Jun/21 109.54 202.52 77.46
Foreign Direct Investment 2177.00 EUR Million Aug/21 7696.00 14203.00 -10787.00
Tourism Revenues 4974.16 EUR Million Aug/21 3190.79 6023.37 311.80


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).