France posted a current account surplus of EUR 0.9 billion in January 2019, the first since February last year and compared to December's deficit of EUR 0.1 billion, as the goods gap narrowed to EUR 2.4 billion from EUR 3.8 billion. Meanwhile, the services surplus decreased to EUR 2.7 billion from EUR 3.1 billion a month earlier and the primary income surplus was unchanged at EUR 4.4 billion, the secondary income deficit edged higher to EUR 3.8 billion from EUR 3.7 billion. Current Account in France averaged 205.23 EUR Million from 1993 until 2019, reaching an all time high of 4784 EUR Million in August of 1998 and a record low of -6645 EUR Million in June of 2014.
Current Account in France is expected to be -2200.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in France to stand at -590.00 in 12 months time. In the long-term, the France Current Account is projected to trend around -780.00 EUR Million in 2020, according to our econometric models.