The current account surplus in the Euro Area narrowed to EUR 15.5 billion in February 2019 from EUR 22.1 billion in the corresponding month of the previous year and compared with market expectations of a EUR 17.2 billion surplus. The services surplus fell to EUR 3.9 billion from EUR 6.4 billion a year earlier and the secondary income gap widened to EUR 22.4 billion from 16.4 billion. Meanwhile, the goods surplus increased to EUR 24.3 billion from EUR 22.4 billion in February 2018 and the primary income surplus went up to EUR 9.7 billion from EUR 9.4 billion. Current Account in the Euro Area averaged 7.38 EUR Billion from 1999 until 2019, reaching an all time high of 53.09 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 29.60 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 30.10 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
2019-01-18 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 €9.3B €33B €6.5B
2019-04-17 08:00 AM Current Account €15.5B €10.6B €17.2B €21.2B
2019-05-20 08:00 AM Current Account €15.5B €32.2B
2019-06-19 08:00 AM Current Account €27.1B
2019-07-19 08:00 AM Current Account €12.5B

Euro Area Trade Last Previous Highest Lowest Unit
Balance of Trade 17938.00 1827.10 30374.60 -16510.20 EUR Million [+]
Current Account 15.50 10.60 53.09 -28.62 EUR Billion [+]
Current Account to GDP 3.00 3.20 3.20 -1.50 percent [+]
Imports 165403.00 181586.20 195328.40 55698.40 EUR Million [+]
Exports 183341.00 183413.30 209179.00 53045.90 EUR Million [+]
External Debt 14185222.30 14450131.93 14450131.93 5501622.00 EUR Million [+]
Capital Flows 11.68 10.20 101.03 -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 April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
15.50 10.60 53.09 -28.62 1999 - 2019 EUR Billion Monthly
Current Prices, NSA

Country Last Previous
Argentina -2317.00 Dec/18
Australia -7203.00 Dec/18
Brazil -1134.00 Feb/19
Canada -15483.00 Dec/18
China 545.99 Dec/18
Euro Area 15.50 Feb/19
France -778.00 Feb/19
Germany 16300.00 Feb/19
India -16899.55 Dec/18
Indonesia -9148.00 Dec/18
Italy 3252.80 Feb/19
Japan 2676.85 Feb/19
Mexico -3424.00 Dec/18
Netherlands 27505.30 Dec/18
Russia 32800.00 Mar/19
Saudi Arabia 18521.00 Dec/18
Singapore 17796.10 Dec/18
South Africa -110158.00 Dec/18
South Korea 3601.90 Feb/19
Spain -1472.00 Jan/19
Switzerland 15181.70 Dec/18
Turkey -718.00 Feb/19
United Kingdom -23707.00 Dec/18
United States -134377.00 Dec/18