Italy's current account deficit narrowed sharply to EUR 1.8 billion in January 2026, from EUR 4.2 billion in the same month of the previous year. The goods account surplus widened significantly to EUR 1.2 billion from EUR 0.2 billion in January 2025, while the services deficit marginally decreased to EUR 0.9 billion from EUR 1.1 billion. Additionally, the primary income surplus slightly rose to EUR 0.5 billion in January 2026 from EUR 0.1 billion a year earlier, and the secondary income deficit fell to EUR 2.6 billion from EUR 3.4 billion. source: Banca d'Italia

Italy recorded a Current Account deficit of 1785.20 EUR Million in January of 2026. Current Account in Italy averaged 128.08 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 March of 2026.

Italy recorded a Current Account deficit of 1785.20 EUR Million in January of 2026. Current Account in Italy is expected to be 1780.00 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 3000.00 EUR Million in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-02-19 09:00 AM
Current Account
Dec €3109M €-1594M €1990.0M
2026-03-20 09:00 AM
Current Account
Jan €-1785M €3406M €-750.0M
2026-04-17 08:00 AM
Current Account
Feb €-1785M


Related Last Previous Unit Reference
Balance of Trade 1089.38 5993.22 EUR Million Jan 2026
Capital Flows -3460.90 13603.90 EUR Million Jan 2026
Current Account -1785.20 3406.00 EUR Million Jan 2026
Exports 46498.00 51725.00 EUR Million Jan 2026
External Debt 2825964.00 2796691.00 EUR Million Sep 2025
Foreign Direct Investment 2850.00 -5460.00 EUR Million Jan 2026
Imports 45409.00 45732.00 EUR Million Jan 2026
Remittances 101.92 108.81 EUR Million Sep 2025
Tourism Revenues 3064.82 3034.40 EUR Million Jan 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
-1785.20 3406.00 19332.70 -10633.40 1942 - 2026 EUR Million Monthly

News Stream
Italy Current Account Deficit Narrows Sharply
Italy's current account deficit narrowed sharply to EUR 1.8 billion in January 2026, from EUR 4.2 billion in the same month of the previous year. The goods account surplus widened significantly to EUR 1.2 billion from EUR 0.2 billion in January 2025, while the services deficit marginally decreased to EUR 0.9 billion from EUR 1.1 billion. Additionally, the primary income surplus slightly rose to EUR 0.5 billion in January 2026 from EUR 0.1 billion a year earlier, and the secondary income deficit fell to EUR 2.6 billion from EUR 3.4 billion.
2026-03-20
Italy Current Account Surplus Widens
Italy posted a current account surplus of €3.1 billion in December 2025, expanding from a €2.5 billion surplus in the corresponding month of the previous year. The goods account surplus increased to €6.0 billion from €5.3 billion last year, and the primary income surplus rose to €1.5 billion from €0.8 billion. These improvements more than offset wider deficits in services (€-2.0 billion vs €-1.3 billion in December 2025) and secondary income (€-2.5 billion vs €-2.3 billion). For the full year of 2025, Italy’s current account surplus widened to €27.4 billion from €23.8 billion in 2024.
2026-02-19
Italy Current Account Deficit Narrows
Italy’s current account deficit narrowed to €1.3 billion in November 2025 from €2.2 billion in the same month last year. This improvement was largely underpinned by a stronger performance in trade in goods, as the goods account surplus widened to €4.7 billion from €3.4 billion in November 2024. Meanwhile, the services balance remained broadly unchanged, with the deficit holding steady at €2.2 billion. The deficits in both primary and secondary income increased to €3.0 billion and €0.8 billion, respectively, from €2.7 billion and €0.6 billion. Over the January to November period, Italy’s current account surplus rose to €24.5 billion, up from €21.2 billion in the corresponding period of the previous year.
2026-01-20