Italy’s current account surplus widened to EUR 3882 million in May of 2021 from EUR 2983 million in the corresponding month of the previous year. The goods surplus rose to EUR 6213 million from EUR 5869 million in May of 2020 and the services gap narrowed to EUR 1050 million from EUR 1209 million. Also, the primary income account recorded a surplus of EUR 52 million, switching from a EUR 496 deficit while the secondary income gap went up to EUR 1333 million from EUR 1180 million. source: Banca d'Italia

Current Account in Italy averaged 99.01 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 July of 2021.

Current Account in Italy is expected to be 1980.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Italy to stand at 2650.00 in 12 months time. In the long-term, the Italy Current Account is projected to trend around 1750.00 EUR Million in 2022 and 1510.00 EUR Million in 2023, according to our econometric models.

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Italy Current Account

Actual Previous Highest Lowest Dates Unit Frequency
3882.00 6582.00 19332.70 -10633.40 1942 - 2021 EUR Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-04-20 09:00 AM Feb €3737M €637M €4150M
2021-05-20 09:00 AM Mar €3099M €3701M €3240M
2021-06-18 09:00 AM Apr €6654M €2997M €2450M
2021-07-20 09:00 AM May €3882M €6582M €5260M
2021-08-19 09:00 AM Jun €3882M
2021-09-17 09:00 AM Jul
2021-10-20 09:00 AM Aug
2021-11-19 10:00 AM Sep


News Stream
Italy Current Account Surplus Widens in May
Italy’s current account surplus widened to EUR 3882 million in May of 2021 from EUR 2983 million in the corresponding month of the previous year. The goods surplus rose to EUR 6213 million from EUR 5869 million in May of 2020 and the services gap narrowed to EUR 1050 million from EUR 1209 million. Also, the primary income account recorded a surplus of EUR 52 million, switching from a EUR 496 deficit while the secondary income gap went up to EUR 1333 million from EUR 1180 million.
2021-07-20
Italy Current Account Balance Swings to Surplus
Italy posted a current account surplus of EUR 6654 million in April of 2021, compared to a EUR 1992 million deficit in the corresponding month of the previous year. The goods account recorded a EUR 7338 million surplus, shifting from a EUR 85 million gap a year earlier and the services shortfall narrowed to EUR 652 million from EUR 1006 million. Also, the primary income surplus widened to EUR 1475 million from 418 million while the secondary income deficit rose to EUR 1506 million from EUR 1319 million.
2021-06-18
Italy Current Account Surplus Shrinks in March
Italy’s current account surplus narrowed to EUR 3.099 billion in March of 2021 from EUR 3.412 billion in the corresponding month of the previous year. The goods surplus shrank to EUR 5.482 billion from EUR 5.846 billion and the primary income surplus fell to EUR 1.757 billion from EUR 1.959 billion. Meantime, the secondary income shortfall widened to EUR 2.690 billion from EUR 2.433 billion while the services gap declined to EUR 1.450 billion from EUR 1.959 billion.
2021-05-20
Italy Current Account Surplus Shrinks in February
Italy’s current account surplus narrowed to EUR 3.737 billion in February of 2021 from a EUR 4.830 billion in the corresponding month of the previous year. The goods surplus shrank to EUR 5.222 billion from EUR 6.395 billion and the primary income surplus fell to EUR 1.668 billion from EUR 1.843 billion. Meantime, the secondary income shortfall widened to EUR 2.097 billion from EUR 1.851 billion while the services gap declined to EUR 1.055 billion from EUR 1.557 billion.
2021-04-20

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).