The Euro Area current account surplus narrowed to EUR 8.7 billion in March of 2022 from EUR 39.7 billion in the corresponding month of the previous year. The goods surplus shrank to EUR 4.7 billion from EUR 37.7 billion and the primary income surplus decreased to EUR 4.8 billion from EUR 10 billion. Meanwhile, the services surplus widened to EUR 12.5 billion from EUR 5.6 billion and the secondary income gap fell to EUR 13.4 billion from EUR 13.6 billion. source: European Central Bank
Current Account in the Euro Area averaged 8.36 EUR Billion from 1999 until 2022, reaching an all time high of 50.51 EUR Billion in December of 2017 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 May of 2022.
Current Account in Euro Area is expected to be 19.00 EUR Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Euro Area Current Account is projected to trend around 34.00 EUR Billion in 2023 and 24.00 EUR Billion in 2024, according to our econometric models.