Eurozone Current Account Surplus Surges in January

2026-03-20 09:41 By Joana Ferreira 1 min. read

The Eurozone’s current account surplus widened to €12.98 billion in January 2026, a significant increase from a revised €3.09 billion in the same month last year, driven by a stronger services surplus, which rose to €10.17 billion from €5.41 billion, and a shift in the primary income balance to a surplus of €4.26 billion from a previous deficit of €4.69 billion.

However, the goods surplus narrowed to €15.24 billion from €18.78 billion, while the secondary income deficit remained largely stable at €16.68 billion (vs. €16.41 billion a year earlier).

On a seasonally adjusted basis, the current account surplus surged to €37.89 billion in January, up sharply from a revised €13.30 billion in December 2025.



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Eurozone Current Account Surplus Surges in January
The Eurozone’s current account surplus widened to €12.98 billion in January 2026, a significant increase from a revised €3.09 billion in the same month last year, driven by a stronger services surplus, which rose to €10.17 billion from €5.41 billion, and a shift in the primary income balance to a surplus of €4.26 billion from a previous deficit of €4.69 billion. However, the goods surplus narrowed to €15.24 billion from €18.78 billion, while the secondary income deficit remained largely stable at €16.68 billion (vs. €16.41 billion a year earlier). On a seasonally adjusted basis, the current account surplus surged to €37.89 billion in January, up sharply from a revised €13.30 billion in December 2025.
2026-03-20
Eurozone Current Account Surplus Narrows Sharply
The euro area’s current account surplus narrowed significantly to €34.6 billion in December 2025, down from €45.9 billion in the same month a year earlier. The goods surplus declined to €26.2 billion from €29.3 billion in December 2024, with imports surging 6.9% and exports rising at slower 4.6%. The primary income surplus saw a more pronounced drop, falling to €15.2 billion from €23.6 billion. Meanwhile, the services surplus also moderated, easing to €9.7 billion from €13.2 billion a year earlier. Partly offsetting these declines, the secondary income deficit narrowed to €16.5 billion, compared with €20.1 billion in the same month last year. For 2025 as a whole, the eurozone’s current account surplus shrank markedly to €261.4 billion, down from €412.3 billion in 2024. On a seasonally and working day-adjusted, the current account surplus dropped to €255 billion, or 1.6% of GDP, compared with a surplus of €407 billion, or 2.7%, in 2024.
2026-02-19
Eurozone Current Account Surplus Shrinks in November
The eurozone’s current account surplus narrowed to €12.6 billion in November 2025, down sharply from €27.1 billion a year earlier, reflecting weaker trade and income balances. The goods surplus fell to €27.1 billion from €33.0 billion, as exports declined by 2.8% while imports edged down by a more modest 0.4%. The services surplus also contracted, easing to €4.4 billion from €6.0 billion. Meanwhile, the primary income account swung into a €3.4 billion deficit, reversing a €4.9 billion surplus recorded in the same period last year. Partially offsetting these pressures, the secondary income deficit narrowed to €15.5 billion from €16.8 billion. From January to November 2025, the eurozone’s current account surplus narrowed to €226.2 billion, down significantly from €366.4 billion over the same period in 2024.
2026-01-20