Euro Area Current Account - Forecast

Current Account in Euro Area is expected to be 36.20 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 44.20 in 12 months time. In the long-term, the Euro Area Current Account is projected to trend around 37.40 EUR Billion in 2020, according to our econometric models.


Euro Area Current Account
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Euro Area Trade Last Q2/18 Q3/18 Q4/18 Q1/19 2020
Balance of Trade 16705 29000 23400 27000 30500 25000
Exports 182908 189000 184500 186000 209000 190000
Imports 166203 160000 161100 159000 178500 165000
Current Account 26.2 36.2 45.4 45.1 44.2 37.4
Current Account to GDP 3.5 2.4 2.4 2.4 2.2 1.9
External Debt 13514526 14400000 14500000 14600000 14700000 15400000
Capital Flows -5.85 62.3 18.9 48.9 34.2 41.2
Gold Reserves 505 505 505 505 505 505