Italy's current account surplus widened to EUR 8.42 billion in July 2019 from EUR 7.28 billion in the same month of the previous year. It was the largest current account surplus since July 2016, as the goods surplus rose to EUR 7.46 billion from EUR 6.10 billion and the services surplus increased to EUR 1.52 billion from EUR 1.06 billion. Meanwhile, the primary income surplus narrowed to EUR 0.76 billion from EUR 1.42 billion a year earlier and the secondary income gap advanced to EUR 1.32 billion from EUR 1.30 billion. Current Account in Italy averaged 3.91 EUR Million from 1942 until 2019, 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 2570.00 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 4220.00 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
2019-06-19 09:00 AM Current Account Apr €3914M €4105M €2450M
2019-07-19 09:00 AM Current Account May €2599M €4066M €1420M
2019-08-19 09:00 AM Current Account Jun €5047M €2734M €4750M
2019-09-19 09:00 AM Current Account Jul €8421M €5118M €5150M
2019-10-18 09:00 AM Current Account Aug €8421M €4560M
2019-11-19 10:00 AM Current Account Sep €2570M
2019-12-20 10:00 AM Current Account Oct €3870M


Italy Trade Last Previous Highest Lowest Unit
Balance of Trade 7630.87 5700.53 7902.67 -6389.30 EUR Million [+]
Current Account 8420.80 5117.60 19332.70 -10633.40 EUR Million [+]
Current Account to GDP 2.50 2.80 2.90 -3.70 percent [+]
Imports 37751.33 35086.42 39938.06 5285.80 EUR Million [+]
Exports 45382.20 40786.96 45382.20 5946.40 EUR Million [+]
External Debt 2134121.00 2113580.00 2177794.00 524899.00 EUR Million [+]
Terms of Trade 104.90 104.10 105.50 83.40 Index Points [+]
Capital Flows 11006.50 7180.50 17094.70 -27541.10 EUR Million [+]
Remittances 117.08 148.11 202.52 96.92 EUR Million [+]
Gold Reserves 2451.84 2451.80 2451.84 2451.80 Tonnes [+]
Terrorism Index 2.74 2.75 3.71 1.98 [+]
Tourism Revenues 5738.24 4658.79 5854.26 1128.47 EUR Million [+]
Weapons Sales 611.00 802.00 1715.00 1.00 USD Million [+]
Crude Oil Production 77.00 81.00 120.00 23.00 BBL/D/1K [+]
Foreign Direct Investment 2845.00 -2621.00 14203.00 -10787.00 EUR Million [+]

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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 September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
8420.80 5117.60 19332.70 -10633.40 1942 - 2019 EUR Million Monthly




Country Last Previous
Argentina -3849.43 Mar/19
Australia 5853.00 Jun/19
Brazil -9034.90 Jul/19
Canada -6380.00 Jun/19
China 570.00 Jun/19
Euro Area 29.84 Jul/19
France 173.00 Jul/19
Germany 22100.00 Jul/19
India -4600.00 Mar/19
Indonesia -8442.80 Jun/19
Italy 8420.80 Jul/19
Japan 1999.92 Jul/19
Mexico 5142.70 Jun/19
Netherlands 18079.00 Mar/19
Russia 12100.00 Jun/19
Saudi Arabia 11518.00 Mar/19
Singapore 21497.50 Jun/19
South Africa -204100.00 Jun/19
South Korea 6949.40 Jul/19
Spain 2050.00 Jun/19
Switzerland 21272.85 Jun/19
Turkey 1158.00 Jul/19
United Kingdom -30045.00 Mar/19
United States -128188.00 Jun/19


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