France’s current account deficit widened sharply to EUR 2.8 billion in November 2018 from a downwardly revised EUR 0.3 billion in the previous month, as the goods shortfall rose to EUR 4.3 billion. Meantime, the services surplus was unchanged at EUR 2.0 billion while the primary and secondary income balance shifted to a EUR 0.4 billion deficit from a EUR 0.8 billion surplus in October. Current Account in France averaged 138.62 EUR Million from 1993 until 2018, reaching an all time high of 4784 EUR Million in August of 1998 and a record low of -6129 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 -550.00 EUR Million in 2020, according to our econometric models.