The current account surplus in the Euro Area narrowed to EUR 24.1 billion in September 2018 from EUR 47.5 billion in the same month of the previous year. The goods surplus declined sharply to EUR 16.5 billion from EUR 33.4 billion and the services surplus fell to EUR 12.8 billion from EUR 13.4 billion. Additionally, the primary income surplus decreased to EUR 6.5 billion from EUR 12.1 billion a year earlier and the secondary deficit widened to EUR 11.7 billion from EUR 11.4 billion. Current Account in the Euro Area averaged 7.17 EUR Billion from 1999 until 2018, reaching an all time high of 55.21 EUR Billion in December of 2015 and a record low of -28.62 EUR Billion in January of 2008.

Current Account in Euro Area is expected to be 44.10 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 36.20 in 12 months time. In the long-term, the Euro Area Current Account is projected to trend around 34.40 EUR Billion in 2020, according to our econometric models.

Euro Area Current Account
Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2018-08-17 08:00 AM Current Account €28.5B €6.6B €23.2B €36.2B
2018-09-19 08:00 AM Current Account €31.9B €28.8B €22.4B €45.1B
2018-10-19 08:00 AM Current Account €20.5B €30B €21.4B €36.3B
2018-11-19 09:00 AM Current Account €24.07B €20.9B €41.4B
2018-12-20 09:00 AM Current Account €24.1B €21.7B
2019-01-20 09:00 AM Current Account
2019-02-19 09:00 AM Current Account € 44.1B

Euro Area Trade Last Previous Highest Lowest Unit
Balance of Trade 13141.70 11987.60 30079.40 -16510.20 EUR Million [+]
Current Account 24.07 20.92 55.21 -28.62 EUR Billion [+]
Current Account to GDP 3.50 3.40 3.50 -1.50 percent [+]
Imports 171671.30 169591.90 177622.30 55698.40 EUR Million [+]
Exports 184813.00 181579.50 205889.20 53045.90 EUR Million [+]
External Debt 14295209.69 13810662.00 14295209.69 5501622.00 EUR Million [+]
Capital Flows 67.87 28.43 105.30 -70.94 EUR Billion [+]
Gold Reserves 504.77 504.77 766.88 501.45 Tonnes [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category

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). 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 - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
24.07 20.92 55.21 -28.62 1999 - 2018 EUR Billion Monthly
Current Prices, NSA

Country Last Previous
Argentina -8292.00 Jun/18
Australia -10688.00 Sep/18
Brazil 329.00 Oct/18
Canada -10343.00 Sep/18
China 160.00 Sep/18
Euro Area 24.07 Sep/18
France -684.00 Oct/18
Germany 15900.00 Oct/18
India -19100.00 Sep/18
Indonesia -8846.10 Sep/18
Italy 3154.00 Sep/18
Japan 1309.90 Oct/18
Mexico -5081.50 Sep/18
Netherlands 16769.50 Jun/18
Russia 26400.00 Sep/18
Saudi Arabia 19181.00 Jun/18
Singapore 23400.20 Sep/18
South Africa -176577.00 Sep/18
South Korea 9190.00 Oct/18
Spain 899.00 Sep/18
Switzerland 22143.83 Jun/18
Turkey 2770.00 Oct/18
United Kingdom -20317.00 Jun/18
United States -101460.00 Jun/18