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.
Current Account in Italy averaged 35.82 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 September of 2020. source: Banca d'Italia
Current Account in Italy is expected to be 2290.00 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 2400.00 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.