Italy’s current account surplus widened to EUR 5.95 billion in August of 2020 from Eur 4.34 billion in the corresponding month of the previous year. The goods surplus rose to EUR 4.23 billion from EUR 3.42 billion a year earlier; the services surplus increased to EUR 1.32 billion from EUR 1.06 billion and the primary income surplus advanced to EUR 2.21 billion from EUR 1.55 billion. On the other hand, the secondary income shortfall climbed to EUR 1.81 billion from EUR 1.69 billion.

Current Account in Italy averaged 45.13 EUR Million from 1942 until 2020, reaching an all time high of 19332.70 EUR Million in July of 1981 and a record low of -10633.40 EUR Million in August of 1981. This page provides - Italy Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Italy Current Account - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020. source: Banca d'Italia

Current Account in Italy is expected to be 2210.00 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 Italy to stand at 1980.00 in 12 months time. In the long-term, the Italy Current Account is projected to trend around 1910.00 EUR Million in 2021 and 1750.00 EUR Million in 2022, according to our econometric models.

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Italy Current Account

Actual Previous Highest Lowest Dates Unit Frequency
5950.00 10168.00 19332.70 -10633.40 1942 - 2020 EUR Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-07-20 09:00 AM May €2272M €-952M €-620M
2020-08-19 09:00 AM Jun €3431M €2302M €1200M
2020-09-18 09:00 AM Jul €9308M €3515M €2150M
2020-10-20 09:00 AM Aug €5950M €10168M €4800M
2020-11-19 10:00 AM Sep €5950M € 2290M
2020-12-18 10:00 AM Oct


News Stream
Italy Current Account Surplus Widens in August
Italy’s current account surplus widened to EUR 5.95 billion in August of 2020 from Eur 4.34 billion in the corresponding month of the previous year. The goods surplus rose to EUR 4.23 billion from EUR 3.42 billion a year earlier; the services surplus increased to EUR 1.32 billion from EUR 1.06 billion and the primary income surplus advanced to EUR 2.21 billion from EUR 1.55 billion. On the other hand, the secondary income shortfall climbed to EUR 1.81 billion from EUR 1.69 billion.
2020-10-20
Italy Current Account Surplus Widens in July
Italy's current account surplus widened to EUR 9.3 billion in July 2020 from EUR 8.7 billion in the same month last year, as the goods surplus increased to EUR 9.8 billion from EUR 8.0 billion and the primary income surplus rose to EUR 1.3 billion from EUR 0.9 billion. Meanwhile, the services account was in balance, compared to a surplus of EUR 1.5 billion in July 2019, as tourism revenues declined to EUR 2.4 billion from EUR 6.0 billion amid the coronavirus crisis. The secondary income deficit, however, went up to EUR 1.8 billion from EUR 1.6 billion.
2020-09-18
Italy Current Account Surplus Narrows in June
Italy's current account surplus narrowed sharply to EUR 3.43 billion in June 2020 from EUR 5.62 billion in the same period last year. The services account posted a EUR 0.80 billion deficit, compared to a EUR 0.76 billion surplus in June 2019 amid falling tourism revenues, while the goods surplus shrank to EUR 4.93 billion from EUR 5.72 billion. At the same time, the secondary income gap widened to EUR 1.36 billion from EUR 1.13 billion a year ago, while the primary income surplus increased to EUR 0.66 billion from EUR 0.28 billion.
2020-08-19
Italy Posts Smallest Trade Surplus in Over a Year
Italy’s current account surplus narrowed to EUR 2,272 million in May 2020 from EUR 3,739 million in the corresponding month of the previous year. It was the smallest current account surplus since February last year, as the goods surplus decreased to EUR 4,423 million from EUR 5,365 million a year earlier. In addition, the services account shifted to a EUR 989 million deficit from a EUR 532 million surplus in May 2019; and the secondary income gap increased to EUR 794 million from EUR 430 million. On the other hand, the primary income shortfall declined to EUR 368 million from EUR 1,728 million.
2020-07-20

Italy Current Account
Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).