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. source: Banca d'Italia

Italy recorded a Current Account deficit of 1333.20 EUR Million in November of 2025. Current Account in Italy averaged 126.99 EUR Million from 1942 until 2025, 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 February of 2026.

Italy recorded a Current Account deficit of 1333.20 EUR Million in November of 2025. 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, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-12-19 10:00 AM
Current Account
Oct €3532M €3412M €3000.0M
2026-01-20 09:00 AM
Current Account
Nov €-1333M €3401M €-1800.0M
2026-02-19 09:00 AM
Current Account
Dec €-1333M €1990.0M


Related Last Previous Unit Reference
Balance of Trade 5078.15 4182.54 EUR Million Nov 2025
Capital Flows -8984.40 11927.00 EUR Million Nov 2025
Current Account -1333.20 3401.50 EUR Million Nov 2025
Exports 53625.00 58685.00 EUR Million Nov 2025
External Debt 2825964.00 2796691.00 EUR Million Sep 2025
Foreign Direct Investment -1469.00 -3774.00 EUR Million Nov 2025
Imports 48547.00 54502.00 EUR Million Dec 2025
Remittances 101.92 108.81 EUR Million Sep 2025
Tourism Revenues 2795.07 4638.97 EUR Million Nov 2025


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
-1333.20 3401.50 19332.70 -10633.40 1942 - 2025 EUR Million Monthly

News Stream
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
Italy Current Account Surplus Widens Slightly
Italy’s current account surplus widened slightly to €3.5 billion in October 2025, from €3.3 billion in the same month a year earlier. The primary income surplus increased markedly to €2.2 billion, from €1.1 billion in October 2024. On the other hand, the goods account surplus fell to €4.1 billion from €4.5 billion, while the services account deficit widened slightly to €1.4 billion from €1.3 billion. Moreover, the secondary income deficit increased to €1.4 billion in October 2025, from €1.1 billion last year. Over the January–October period, Italy’s current account surplus reached €28.9 billion, compared with €25.9 billion in the corresponding period last year.
2025-12-19
Italy Current Account Surplus Widens Sharply
Italy posted a current account surplus of €3.4 billion in September 2025, more than double the €1.5 billion recorded in the same month a year ago. The goods surplus expanded to €3.0 billion from €2.4 billion in September 2024, and the primary income surplus widened sharply to €1.7 billion from €0.4 billion. Also, the services surplus increased to €0.7 billion from €0.5 billion. On the other hand, the secondary income deficit rose to €2.0 billion from €1.7 billion last year.
2025-11-19