The Eurozone posted a current account surplus of EUR 4.3 billion in May 2021, compared with a EUR 0.7 billion deficit in the same month of the previous year, due to increases in surpluses of both goods (EUR 22.5 billion vs EUR 16.9 billion) and services (EUR 7.4 billion vs EUR 5.0 billion) and a decline in the secondary income deficit (EUR 10.4 billion vs EUR 13.6 billion). Meanwhile, the primary income gap rose to EUR 15.2 billion from EUR 8.9 billion last year. source: European Central Bank

Current Account in the Euro Area averaged 8.14 EUR Billion from 1999 until 2021, reaching an all time high of 50.89 EUR Billion in March of 2018 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 July of 2021.

Current Account in Euro Area is expected to be 25.10 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 26.00 in 12 months time. In the long-term, the Euro Area Current Account is projected to trend around 30.00 EUR Billion in 2022 and 26.00 EUR Billion in 2023, according to our econometric models.

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Euro Area Current Account

Actual Previous Highest Lowest Dates Unit Frequency
4.30 30.63 50.89 -33.54 1999 - 2021 EUR Billion Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-04-19 08:00 AM Feb €13.3B €5.6B €19.1B
2021-05-20 08:00 AM Mar €31B €13.2B €25.1B
2021-06-18 08:00 AM Apr €31.4B €31B €18.5B
2021-07-20 08:00 AM May €4.3B €30.6B €19.5B
2021-08-19 08:00 AM Jun €4.3B
2021-09-17 08:00 AM Jul
2021-10-20 08:00 AM Aug
2021-11-19 09:00 AM Sep


News Stream
Eurozone Current Account Swings to Surplus in May
The Eurozone posted a current account surplus of EUR 4.3 billion in May 2021, compared with a EUR 0.7 billion deficit in the same month of the previous year, due to increases in surpluses of both goods (EUR 22.5 billion vs EUR 16.9 billion) and services (EUR 7.4 billion vs EUR 5.0 billion) and a decline in the secondary income deficit (EUR 10.4 billion vs EUR 13.6 billion). Meanwhile, the primary income gap rose to EUR 15.2 billion from EUR 8.9 billion last year.
2021-07-20
Euro Area Current Account Surplus More than Doubles
The Eurozone current account surplus widened sharply to EUR 31.4 billion in April of 2021 from EUR 12.1 billion in the same month of the previous year. The goods surplus jumped to EUR 26.4 billion from EUR 11.2 billion, the services surplus more than doubled to EUR 10.4 billion from EUR 3.9 billion and the secondary income gap fell to EUR 11.7 billion from EUR 12.4 billion. On the other hand, the primary income surplus narrowed to EUR 6.3 billion from EUR 9.5 billion.
2021-06-18
Eurozone Current Account Surplus Widens in March
The Eurozone current account surplus widened to EUR 31.0 billion in March 2021 from EUR 24.6 billion in the same month of the previous year, as the services account posted a surplus of EUR 9.1 billion, compared with a deficit of EUR 5.4 billion last year. Meanwhile, the goods surplus shrank to EUR 34.2 billion from EUR 37.8 billion a year ago and the primary income surplus declined to EUR 1.4 billion from EUR 4.0 billion, while the secondary income deficit rose to EUR 13.8 billion from EUR 11.9 billion.
2021-05-20
Eurozone Current Account Surplus Narrows in February
The Eurozone current account surplus narrowed to EUR 13.3 billion in February 2021 from EUR 14.1 billion in the same month of the previous year, as the primary income account posted a deficit of EUR 2.1 billion, compared with a surplus of EUR 7.0 billion last year, and the secondary income gap increased to EUR 21.8 billion from EUR 15.6 billion. Meanwhile, the goods surplus rose to EUR 29.8 billion from EUR 28.9 billion a year ago, and the services account posted a EUR 7.3 billion surplus, compared with a deficit of EUR 6.1 billion.
2021-04-19

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).