Italy’s current account surplus narrowed to EUR 4211 million in December of 2018 from EUR 5381 million a year earlier. The goods surplus fell to EUR 4837 million from EUR 5790 million; the services gap widened to EUR 1004 million from EUR 980 million; and the secondary income deficit increased to EUR 1463 million from EUR 1264 million. On the other hand, the primary income surplus increased slightly to EUR 1841 million from EUR 1835 million. Considering full 2018, the country's current account surplus decreased to EUR 45272 million (or 2.6 percent of the GDP) from EUR 48042 million (or 2.8 percent of the GDP) in 2017, mainly due to a reduction in the goods surplus (EUR 48522 million from EUR 55772 million). Current Account in Italy averaged -6.68 EUR Million from 1942 until 2018, 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.

Current Account in Italy is expected to be 2720.00 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 2750.00 in 12 months time. In the long-term, the Italy Current Account is projected to trend around 1910.00 EUR Million in 2020, according to our econometric models.

Italy Current Account
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Calendar GMT Actual Previous Consensus TEForecast
2018-11-19 10:00 AM Current Account €3154M €5049M €4150M
2018-12-20 10:00 AM Current Account €6081M €3095M €6550M
2019-01-18 10:00 AM Current Account €4806M €6043M €4740M
2019-02-19 10:00 AM Current Account €4211M €4565M €3760M
2019-03-22 10:00 AM Current Account €4211M €-1200M
2019-04-19 09:00 AM Current Account €1950M
2019-05-17 09:00 AM Current Account €2720M


Italy Trade Last Previous Highest Lowest Unit
Balance of Trade 3658.00 3843.00 7902.67 -6389.30 EUR Million [+]
Current Account 4211.00 4565.00 19332.70 -10633.40 EUR Million [+]
Current Account to GDP 2.60 2.80 2.90 -3.70 percent [+]
Imports 32042.01 37372.80 39938.06 5285.80 EUR Million [+]
Exports 35699.85 41219.69 43756.10 5946.40 EUR Million [+]
External Debt 2139097.00 2138556.00 2177794.00 524899.00 EUR Million [+]
Terms of Trade 100.20 98.80 105.50 83.40 Index Points [+]
Capital Flows 5765.00 9983.00 17094.70 -27541.10 EUR Million [+]
Remittances 148.20 141.61 202.52 96.92 EUR Million [+]
Gold Reserves 2451.80 2451.80 2451.84 2451.80 Tonnes [+]
Terrorism Index 2.74 2.75 3.71 1.98 [+]
Tourism Revenues 2312.00 2253.00 5821.00 1128.47 EUR Million [+]
Weapons Sales 660.00 670.00 1715.00 8.00 USD Million [+]
Crude Oil Production 83.00 80.00 120.00 23.00 BBL/D/1K [+]
Foreign Direct Investment 4021.00 846.00 14203.00 -10787.00 EUR Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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). This page provides - Italy Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Italy Current Account - actual data, historical chart and calendar of releases - was last updated on February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
4211.00 4565.00 19332.70 -10633.40 1942 - 2018 EUR Million Monthly




Country Last Previous
Argentina -7591.00 Sep/18
Australia -10688.00 Sep/18
Brazil -815.00 Dec/18
Canada -10343.00 Sep/18
China 546.00 Dec/18
Euro Area 32.99 Dec/18
France -1117.00 Dec/18
Germany 21000.00 Dec/18
India -19100.00 Sep/18
Indonesia -9148.00 Dec/18
Italy 4211.00 Dec/18
Japan 452.80 Dec/18
Mexico -5081.50 Sep/18
Netherlands 20484.80 Sep/18
Russia 38800.00 Dec/18
Saudi Arabia 29583.00 Sep/18
Singapore 17796.10 Dec/18
South Africa -176577.00 Sep/18
South Korea 4819.30 Dec/18
Spain 1770.00 Nov/18
Switzerland 14596.00 Sep/18
Turkey -1437.00 Dec/18
United Kingdom -26522.00 Sep/18
United States -124817.00 Sep/18


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