Italy’s current account surplus shrank to EUR 593.9 million in May 2026 from EUR 1,906.9 million in the same month of the previous year. This marked the smallest surplus since a deficit in January, as the goods surplus declined to EUR 5,224.4 million from EUR 6,171.5 million, while the services balance swung to a shortfall of EUR 118.2 million from a surplus of EUR 173.9 million a year earlier. The primary income deficit also widened to EUR 4,034.4 million from EUR 3,746.7 million. Meanwhile, the secondary income gap narrowed to EUR 477.9 million from EUR 691.8 million. source: Banca d'Italia

Italy recorded a Current Account surplus of 593.90 EUR Million in May of 2026. Current Account in Italy averaged 133.64 EUR Million from 1942 until 2026, 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 July of 2026.

Italy recorded a Current Account surplus of 593.90 EUR Million in May of 2026. Current Account in Italy is expected to be 2150.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Italy Current Account is projected to trend around 3200.00 EUR Million in 2027 and 3400.00 EUR Million in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-06-18 08:00 AM
Current Account
Apr €2258M €1830M €1490.0M
2026-07-17 08:00 AM
Current Account
May €594M €2548M €2500.0M
2026-08-19 08:00 AM
Current Account
Jun €594M € 2680M


Related Last Previous Unit Reference
Balance of Trade 4793.00 4421.00 EUR Million May 2026
Capital Flows -6747.30 11192.30 EUR Million May 2026
Current Account 593.90 2548.10 EUR Million May 2026
Exports 57412.00 57790.00 EUR Million May 2026
External Debt 2838159.00 2824151.00 EUR Million Mar 2026
Foreign Direct Investment 878.00 -1632.00 EUR Million May 2026
Imports 52619.00 53368.00 EUR Million May 2026
Remittances 96.14 109.03 EUR Million Mar 2026
Tourism Revenues 5538.07 4543.16 EUR Million May 2026


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).
Actual Previous Highest Lowest Dates Unit Frequency
593.90 2548.10 19332.70 -10633.40 1942 - 2026 EUR Million Monthly

News Stream
Italy Current Account Surplus Shrinks in May
Italy’s current account surplus shrank to EUR 593.9 million in May 2026 from EUR 1,906.9 million in the same month of the previous year. This marked the smallest surplus since a deficit in January, as the goods surplus declined to EUR 5,224.4 million from EUR 6,171.5 million, while the services balance swung to a shortfall of EUR 118.2 million from a surplus of EUR 173.9 million a year earlier. The primary income deficit also widened to EUR 4,034.4 million from EUR 3,746.7 million. Meanwhile, the secondary income gap narrowed to EUR 477.9 million from EUR 691.8 million.
2026-07-17
Italy Current Account Surplus Widens Sharply in April
Italy posted a current account surplus of EUR 2.3 billion in April 2026, more than doubling the EUR 1.1 billion recorded in the corresponding month last year. The goods surplus expanded sharply to EUR 5.0 billion from EUR 3.3 billion in the previous year. The secondary income deficit also narrowed to EUR 0.9 billion from EUR 1.1 billion. On the other hand, deficits widened in both the services account (EUR -0.5 billion vs EUR -0.2 billion in April 2025) and the primary income (EUR -1.3 billion vs EUR -0.9 billion).
2026-06-18
Italy Current Account Surplus Expands in March
Italy’s current account surplus widened sharply to EUR 1.7 billion in March 2026 from EUR 0.3 billion in the same month a year ago. The primary income surplus rose significantly to EUR 2.3 billion, more than doubling from EUR 1.2 billion a year ago. The deficits in the services account (EUR -1.9 billion vs EUR -2.1 billion in March 2025) and secondary income (EUR -2.4 billion vs EUR -2.5 billion) also narrowed. Meanwhile, the goods surplus fell slightly to EUR 3.7 billion from EUR 3.8 billion.
2026-05-21