The Euro Area current account surplus narrowed to EUR 29.8 billion in July 2019 from EUR 30.2 billion in the corresponding month of the previous year, as the services surplus declined sharply to EUR 4.6 billion from EUR 12.0 billion and the primary income surplus decreased to EUR 4.9 billion from 6.0 billion. On the other hand, the goods surplus increased to EUR 32.7 billion from EUR 24.8 billion a year earlier and the secondary income shortfall fell to EUR 12.3 billion from EUR 12.6 billion. Current Account in the Euro Area averaged 7.59 EUR Billion from 1999 until 2019, reaching an all time high of 47.72 EUR Billion in September of 2017 and a record low of -28.62 EUR Billion in January of 2008.

Current Account in Euro Area is expected to be 21.50 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 27.50 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
2019-06-19 08:00 AM Current Account Apr €19.2B €35.1B €10.6B €15.1B
2019-07-19 08:00 AM Current Account May €13.3B €20.7B €12.5B
2019-08-19 08:00 AM Current Account Jun €23.1B €13.5B €24.6B
2019-09-19 08:00 AM Current Account Jul €29.8B €23.1B €26.2B €25.4B
2019-10-18 08:00 AM Current Account Aug €29.8B €19.9B
2019-11-19 09:00 AM Current Account Sep €21.5B
2019-12-20 09:00 AM Current Account Oct €28.6B

Euro Area Trade Last Previous Highest Lowest Unit
Balance of Trade 24789.70 20347.00 30466.40 -16297.90 EUR Million [+]
Current Account 29.84 23.09 47.72 -28.62 EUR Billion [+]
Current Account to GDP 2.90 3.20 3.20 -1.50 percent [+]
Imports 181703.50 169206.70 195194.80 55698.40 EUR Million [+]
Exports 206493.20 189553.70 209267.50 53045.90 EUR Million [+]
External Debt 14431879.12 14054262.89 14640755.82 5501622.00 EUR Million [+]
Capital Flows 6.16 52.63 106.32 -70.94 EUR Billion [+]
Gold Reserves 504.80 504.80 766.88 501.45 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 September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
29.84 23.09 47.72 -28.62 1999 - 2019 EUR Billion Monthly
Current Prices, NSA

Country Last Previous
Argentina -3849.43 Mar/19
Australia 5853.00 Jun/19
Brazil -9034.90 Jul/19
Canada -6380.00 Jun/19
China 570.00 Jun/19
Euro Area 29.84 Jul/19
France 173.00 Jul/19
Germany 22100.00 Jul/19
India -4600.00 Mar/19
Indonesia -8442.80 Jun/19
Italy 8420.80 Jul/19
Japan 1999.92 Jul/19
Mexico 5142.70 Jun/19
Netherlands 18079.00 Mar/19
Russia 12100.00 Jun/19
Saudi Arabia 11518.00 Mar/19
Singapore 21497.50 Jun/19
South Africa -204100.00 Jun/19
South Korea 6949.40 Jul/19
Spain 2050.00 Jun/19
Switzerland 21272.85 Jun/19
Turkey 1158.00 Jul/19
United Kingdom -30045.00 Mar/19
United States -128188.00 Jun/19