Euro Area Current Account to GDP  1999-2018 | Data | Chart | Calendar

Euro Area recorded a Current Account surplus of 3.50 percent of the country's Gross Domestic Product in 2017. Current Account to GDP in the Euro Area averaged 0.71 percent from 1999 until 2017, reaching an all time high of 3.50 percent in 2017 and a record low of -1.50 percent in 2008.

Euro Area Current Account to GDP
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Euro Area Trade Last Previous Highest Lowest Unit
Balance of Trade 22509.60 16624.20 30074.90 -16510.20 EUR Million [+]
Exports 198563.70 189468.30 205851.50 53045.90 EUR Million [+]
Imports 176054.10 172844.20 177307.70 55698.40 EUR Million [+]
Current Account 28.50 6.60 55.21 -28.62 EUR Billion [+]
Current Account to GDP 3.50 3.40 3.50 -1.50 percent [+]
External Debt 13810662.00 13566525.00 14220708.00 5501622.00 EUR Million [+]
Capital Flows 35.18 -14.74 101.03 -70.94 EUR Billion [+]
Gold Reserves 504.77 504.77 766.88 501.45 Tonnes [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category

Euro Area Current Account to GDP

The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Euro Area Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Euro Area Current Account to GDP - actual data, historical chart and calendar of releases - was last updated on August of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
3.50 3.40 3.50 -1.50 1999 - 2017 percent Yearly

current account to GDP by Country
Country Last
Netherlands 10.20 Dec/17
Switzerland 9.80 Dec/17
Germany 8.00 Dec/17
South Korea 5.60 Dec/17
Japan 4.02 Dec/17
Euro Area 3.50 Dec/17
Italy 2.80 Dec/17
Russia 2.20 Dec/17
Spain 1.90 Dec/17
China 1.30 Dec/17
Brazil -0.48 Dec/17
France -0.80 Dec/17
Mexico -1.60 Dec/17
Indonesia -1.70 Dec/17
India -1.90 Dec/17
United States -2.40 Dec/17
Canada -3.00 Dec/17
Australia -3.10 Dec/17
United Kingdom -4.10 Dec/17
Turkey -5.50 Dec/17