France recorded a current account surplus of EUR 0.17 billion in July 2019 compared to an upwardly revised EUR 1.14 billion gap in June. This is the first current account surplus since January, as the goods deficit shrank considerably to EUR 2.40 billion from EUR 4.23 billion a month earlier. Meanwhile, the services surplus decreased to EUR 2.27 billion from EUR 2.75 billion and the primary income surplus also narrowed to EUR 4.26 billion from EUR 4.29 billion. At the same time, the secondary income deficit was unchanged at EUR 3.96 billion. Current Account in France averaged 188.12 EUR Million from 1993 until 2019, reaching an all time high of 4784 EUR Million in August of 1998 and a record low of -6602 EUR Million in June of 2014.
Current Account in France is expected to be -1720.00 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 -2400.00 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.