The current account gap in France rose to EUR 8.4 billion in June of 2020 from a downwardly revised 8.2 billion in the previous month. This was the widest current account gap on record, as the services surplus fell to EUR 0.2 billion from EUR 0.9 billion, amid sluggishness in transportation services due to the global pandemic. Meanwhile, the goods gap decreased to EUR 8.2 billion from EUR 8.6 billion and the primary and secondary gap narrowed to EUR 0.5 billion from EUR 0.8 billion. In the second quarter of the year, the country posted a current account shortfall of EUR 22.2 billion compared to EUR 11.5 billion in the prior quarter.
Current Account in France averaged -27.01 EUR Million from 1993 until 2020, reaching an all time high of 4784 EUR Million in August of 1998 and a record low of -8409 EUR Million in June of 2020. This page provides - France Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. France Current Account - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020. source: Banque de France
Current Account in France is expected to be -1200.00 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 -2200.00 in 12 months time. In the long-term, the France Current Account is projected to trend around -780.00 EUR Million in 2021 and -640.00 EUR Million in 2022, according to our econometric models.