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.

Current Account to GDP in Euro Area is expected to be 2.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Euro Area Current Account to GDP is projected to trend around 2.50 percent in 2020, according to our econometric models.

Euro Area Current Account to GDP
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Euro Area Trade Last Previous Highest Lowest Unit
Balance of Trade 13141.70 11987.60 30079.40 -16510.20 EUR Million [+]
Current Account 24.07 20.92 55.21 -28.62 EUR Billion [+]
Current Account to GDP 3.50 3.40 3.50 -1.50 percent [+]
Imports 171671.30 169591.90 177622.30 55698.40 EUR Million [+]
Exports 184813.00 181579.50 205889.20 53045.90 EUR Million [+]
External Debt 14295209.69 13810662.00 14295209.69 5501622.00 EUR Million [+]
Capital Flows 67.87 28.43 105.30 -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 December of 2018.

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




Country Last Previous
Singapore 19.50 Dec/17
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
Saudi Arabia 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
South Africa -2.50 Dec/17
Canada -3.00 Dec/17
Australia -3.10 Dec/17
United Kingdom -4.10 Dec/17
Argentina -4.80 Dec/17
Turkey -5.50 Dec/17


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