The eurozone’s current account surplus narrowed to €12.6 billion in November 2025, down sharply from €27.1 billion a year earlier, reflecting weaker trade and income balances. The goods surplus fell to €27.1 billion from €33.0 billion, as exports declined by 2.8% while imports edged down by a more modest 0.4%. The services surplus also contracted, easing to €4.4 billion from €6.0 billion. Meanwhile, the primary income account swung into a €3.4 billion deficit, reversing a €4.9 billion surplus recorded in the same period last year. Partially offsetting these pressures, the secondary income deficit narrowed to €15.5 billion from €16.8 billion. From January to November 2025, the eurozone’s current account surplus narrowed to €226.2 billion, down significantly from €366.4 billion over the same period in 2024. source: European Central Bank

Euro Area recorded a Current Account surplus of 12.57 EUR Billion in November of 2025. Current Account in Euro Area averaged 10.30 EUR Billion from 1999 until 2025, reaching an all time high of 53.10 EUR Billion in December of 2023 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 February of 2026.

Euro Area recorded a Current Account surplus of 12.57 EUR Billion in November of 2025. 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. In the long-term, the Euro Area Current Account is projected to trend around 34.00 EUR Billion in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-12-19 09:00 AM
Current Account
Oct €32B €38.1B €36.0B
2026-01-20 09:00 AM
Current Account
Nov €12.6B €33B €25.0B
2026-02-19 09:00 AM
Current Account
Dec €12.6B €25.1B

Components Last Previous Unit Reference
Current Account Goods 27.11 37.20 EUR Billion Nov 2025
Current Account Services 4.40 8.01 EUR Billion Nov 2025

Related Last Previous Unit Reference
Balance of Trade 9895.90 17915.50 EUR Million Nov 2025
Capital Flows 25.14 4.05 EUR Billion Nov 2025
Current Account 12.57 33.03 EUR Billion Nov 2025
Exports 240169.00 257670.10 EUR Million Nov 2025
External Debt 16957333.00 16874632.00 EUR Million Sep 2025
Imports 230273.20 239754.60 EUR Million Nov 2025


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).
Actual Previous Highest Lowest Dates Unit Frequency
12.57 33.03 53.10 -33.54 1999 - 2025 EUR Billion Monthly
Current Prices, NSA

News Stream
Eurozone Current Account Surplus Shrinks in November
The eurozone’s current account surplus narrowed to €12.6 billion in November 2025, down sharply from €27.1 billion a year earlier, reflecting weaker trade and income balances. The goods surplus fell to €27.1 billion from €33.0 billion, as exports declined by 2.8% while imports edged down by a more modest 0.4%. The services surplus also contracted, easing to €4.4 billion from €6.0 billion. Meanwhile, the primary income account swung into a €3.4 billion deficit, reversing a €4.9 billion surplus recorded in the same period last year. Partially offsetting these pressures, the secondary income deficit narrowed to €15.5 billion from €16.8 billion. From January to November 2025, the eurozone’s current account surplus narrowed to €226.2 billion, down significantly from €366.4 billion over the same period in 2024.
2026-01-20
Eurozone Current Account Surplus Widens Slightly
The Eurozone current account surplus rose slightly to €32 billion in October 2025 from €29.5 billion in the same month a year earlier, as the goods surplus went up to EUR 36 billion from EUR 27.9 billion. Meanwhile, the services surplus narrowed to EUR 8.2 billion from EUR 11.5 billion in October 2024 and the primary income surplus shrank to EUR 2.8 billion from EUR 5.8 billion. The secondary income deficit was little changed at EUR 15 billion. On a seasonally adjusted basis, the current account surplus widened to EUR 25.7 billion in October from EUR 23.1 billion in the previous month, overshooting market expectations of EUR 19.6 billion.
2025-12-19
Eurozone Current Account Surplus Narrows in September
The Eurozone current account surplus narrowed to €38.1 billion in September 2025, down from a revised €43.5 billion a year earlier, largely due to a sharp drop in the primary income surplus, which fell to €0.8 billion from €12.0 billion. At the same time, the secondary income deficit widened to €16.2 billion from €13.6 billion. On the positive side, the goods surplus rose to €34.1 billion from €27.5 billion, supported by exports climbing 6.7% to €250.0 billion while imports increased more slowly by 4.4% to €215.9 billion. The services surplus also strengthened, reaching €19.4 billion compared with €17.6 billion. Looking at the broader picture, the Eurozone’s current account surplus for the first three quarters of 2025 narrowed to €213.4 billion from €306.5 billion in the same period of 2024.
2025-11-19