The current account surplus in the Euro Area narrowed to EUR 33.0 billion in December 2018 from EUR 46.1 billion in the same month of the previous year. The goods surplus declined sharply to EUR 18.2 billion from EUR 32.4 billion a year ago and the services surplus fell to EUR 10.0 billion from EUR 11.3 billion, while the secondary deficit widened to EUR 12.8 billion from EUR 9.7 billion. On the other hand, the primary income surplus rose to EUR 17.6 billion from EUR 12.1 billion a year earlier. Considering 2018 full year, the current account surplus narrowed to EUR 341.6 billion, or 3 percent of GDP, from the previous year's EUR 363.7 billion, or 3.2 percent of GDP. Current Account in the Euro Area averaged 7.56 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 32.20 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 29.50 in 12 months time. In the long-term, the Euro Area Current Account is projected to trend around 28.90 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
2018-11-19 09:00 AM Current Account €24.07B €20.9B €41.4B
2018-12-20 09:00 AM Current Account €26.6B €24.7B €21.7B
2019-01-18 09:00 AM Current Account €23.2B €30.4B €25.1B
2019-02-19 09:00 AM Current Account €33B €25.6B €36.2B €32.2B
2019-03-22 09:00 AM Current Account €33B €6.5B
2019-04-17 08:00 AM Current Account €21.2B
2019-05-20 08:00 AM Current Account €32.2B

Euro Area Trade Last Previous Highest Lowest Unit
Balance of Trade 1547.90 17380.00 30374.00 -16510.20 EUR Million [+]
Current Account 32.99 25.59 55.21 -28.62 EUR Billion [+]
Current Account to GDP 3.00 3.20 3.20 -1.50 percent [+]
Imports 181835.30 160143.40 195273.60 55698.40 EUR Million [+]
Exports 183383.20 177523.40 209145.30 53045.90 EUR Million [+]
External Debt 14450131.93 14295209.69 14450131.93 5501622.00 EUR Million [+]
Capital Flows 81.51 24.05 101.03 -70.94 EUR Billion [+]
Gold Reserves 504.80 504.77 766.88 501.45 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 March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
32.99 25.59 55.21 -28.62 1999 - 2018 EUR Billion Monthly
Current Prices, NSA

Country Last Previous
Argentina -7591.00 Sep/18
Australia -7203.00 Dec/18
Brazil -6548.40 Jan/19
Canada -15483.00 Dec/18
China 546.00 Dec/18
Euro Area 32.99 Dec/18
France 898.00 Jan/19
Germany 18328.50 Jan/19
India -19100.00 Sep/18
Indonesia -9148.00 Dec/18
Italy 4211.00 Dec/18
Japan 600.40 Jan/19
Mexico -3424.00 Dec/18
Netherlands 20484.80 Sep/18
Russia 38800.00 Dec/18
Saudi Arabia 29583.00 Sep/18
Singapore 17796.10 Dec/18
South Africa -110158.00 Dec/18
South Korea 2772.30 Jan/19
Spain 4670.00 Dec/18
Switzerland 14596.00 Sep/18
Turkey -813.00 Jan/19
United Kingdom -26522.00 Sep/18
United States -124817.00 Sep/18