Euro Area Current Account  Forecast


Euro Area Current Account
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Current Account in Euro Area is expected to be 48.20 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 33.40 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 Trade Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Balance of Trade 26365 29000 31000 29000 23400 25000
Exports 187068 184000 207000 189000 184500 190000
Imports 160703 155000 176000 160000 161100 165000
Current Account 41.81 48.2 32.2 32.4 33.4 37.4
Current Account to GDP 3.3 2.8 2.4 2.4 2.4 1.9
External Debt 13888578 14200000 14300000 14400000 14500000 15400000
Capital Flows 80.32 54.5 36.8 62.3 18.9 41.2
Gold Reserves 505 505 505 505 505 505