The Eurozone current account surplus widened to EUR 51.9 billion in December of 2020 from EUR 33.4 billion in the corresponding month of the previous year. The goods surplus rose to EUR 41.7 billion from EUR 31.1 billion and the primary income surplus advanced to EUR 13.2 billion from EUR 11.7 billion. Also, the services account posted a EUR 10.3 billion surplus, compared to a EUR 0.8 billion deficit. On the other hand, the secondary income shortfall went up to EUR 13.3 billion from EUR 8.5 billion. Considering full 2020, the current account surplus shank to EUR 257 billion from EUR 274 billion in 2019. source: European Central Bank

Current Account in the Euro Area averaged 7.81 EUR Billion from 1999 until 2020, reaching an all time high of 51.90 EUR Billion in December of 2020 and a record low of -33.54 EUR Billion in January of 2008. This page provides the latest reported value for - Euro Area Current Account - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Euro Area Current Account - data, historical chart, forecasts and calendar of releases - was last updated on March of 2021.

Current Account in Euro Area is expected to be 32.00 EUR Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Euro Area to stand at 28.90 in 12 months time. In the long-term, the Euro Area Current Account is projected to trend around 30.00 EUR Billion in 2022, according to our econometric models.

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Euro Area Current Account

Actual Previous Highest Lowest Dates Unit Frequency
51.90 27.30 51.90 -33.54 1999 - 2020 EUR Billion Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-11-19 09:00 AM Sep €33.5B €20.4B €27.6B €24.5B
2020-12-18 09:00 AM Oct €34.1B €33.5B €36.2B
2021-01-19 09:00 AM Nov €26.8B €33B €29B
2021-02-19 09:00 AM Dec €51.9B €27.3B €32B
2021-03-22 09:00 AM Jan €51.9B
2021-04-19 08:00 AM Feb
2021-05-20 08:00 AM Mar
2021-06-18 08:00 AM Apr


News Stream
Euro Area Current Account Surplus Rises in December
The Eurozone current account surplus widened to EUR 51.9 billion in December of 2020 from EUR 33.4 billion in the corresponding month of the previous year. The goods surplus rose to EUR 41.7 billion from EUR 31.1 billion and the primary income surplus advanced to EUR 13.2 billion from EUR 11.7 billion. Also, the services account posted a EUR 10.3 billion surplus, compared to a EUR 0.8 billion deficit. On the other hand, the secondary income shortfall went up to EUR 13.3 billion from EUR 8.5 billion. Considering full 2020, the current account surplus shank to EUR 257 billion from EUR 274 billion in 2019.
2021-02-19
Eurozone Current Account Surplus Widens in November
The Eurozone current account surplus widened to EUR 26.8 billion in November 2020 from EUR 23.5 billion in the same month of the previous year. The services account posted a EUR 5.1 billion surplus, compared with a deficit of EUR 3.4 billion a year ago and the goods surplus rose to EUR 35.9 billion from EUR 30.0 billion. Meanwhile, the primary income surplus declined to EUR 3.8 billion from EUR 6.9 billion, while the secondary income gap increased to EUR 18.0 billion from EUR 10.0 billion. Considering January-November, the current account surplus shrank to EUR 204.5 billion from EUR 240.5 billion in the same period of 2019.
2021-01-19
Euro Area Current Account Surplus Rises in October
The Eurozone current account surplus widened to EUR 34.1 billion in October of 2020 from EUR 28.9 billion in the corresponding month of the previous year. The goods surplus rose to EUR 39 billion from EUR 36.5 billion in October of 2019, the services surplus advanced to EUR 7.9 billion from EUR 0.2 billion and the secondary income deficit narrowed to EUR 11.8 billion from EUR 12.5 billion. Meantime, the primary income account recorded a EUR 1 billion deficit, compared to a EUR 4.6 billion surplus a year earlier.
2020-12-18
Eurozone Current Account Surplus Narrows in September
The Eurozone current account surplus narrowed to EUR 33.5 billion in September 2020 from EUR 38.3 billion in the corresponding period of the previous year, as the services surplus declined to EUR 11.7 billion from EUR 20.1 billion while the primary income account posted a EUR 2.9 billion deficit, compared to a EUR 2.1 billion surplus in September 2019. Meanwhile, the goods surplus increased to EUR 35.5 billion from EUR 28.2 billion last year, while the secondary income gap fell to EUR 10.8 billion from EUR 12.1 billion.
2020-11-19

Euro Area 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).