Euro Area Current Account to GDP  1999-2017 | Data | Chart | Calendar

Euro Area recorded a Current Account surplus of 3.30 percent of the country's Gross Domestic Product in 2016. Current Account to GDP in the Euro Area averaged 0.57 percent from 1999 until 2016, reaching an all time high of 3.30 percent in 2016 and a record low of -1.40 percent in 2000.

Euro Area Current Account to GDP
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Euro Area Trade Last Previous Highest Lowest Unit
Balance of Trade 17858.90 29928.40 30219.50 -16510.20 EUR Million [+]
Exports 167676.30 204920.20 204920.20 53045.90 EUR Million [+]
Imports 149817.40 174991.80 174991.80 55698.40 EUR Million [+]
Current Account 21.50 46.40 46.40 -28.51 EUR Billion [+]
Current Account to GDP 3.30 3.20 3.30 -1.40 percent [+]
External Debt 13558785.12 13362619.36 13558785.12 5501622.07 EUR Million [+]
Capital Flows 15.49 42.26 88.17 -71.22 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 Notes

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 June of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
3.30 3.20 3.30 -1.40 1999 - 2016 percent Yearly



current account to gdp by Country

Last
Switzerland 11.50 Dec/15
Netherlands 8.40 Dec/16
Germany 8.30 Dec/16
South Korea 7.00 Dec/16
Japan 3.70 Dec/16
Euro Area 3.30 Dec/16
Italy 2.60 Dec/16
Spain 2.20 Dec/16
China 1.80 Dec/16
Russia 1.80 Dec/16
India -0.70 Dec/16
France -0.90 Dec/16
Brazil -1.30 Dec/16
Indonesia -1.80 Dec/16
United States -2.60 Dec/16
Australia -2.70 Dec/16
Mexico -2.70 Dec/16
Canada -3.30 Dec/15
Turkey -3.80 Dec/16
United Kingdom -4.40 Dec/16