Italy Current Account Surplus Expands in March

Italy’s current account surplus widened sharply to EUR 1.7 billion in March 2026 from EUR 0.3 billion in the same month a year ago. The primary income surplus rose significantly to EUR 2.3 billion, more than doubling from EUR 1.2 billion a year ago. The deficits in the services account (EUR -1.9 billion vs EUR -2.1 billion in March 2025) and secondary income (EUR -2.4 billion vs EUR -2.5 billion) also narrowed. Meanwhile, the goods surplus fell slightly to EUR 3.7 billion from EUR 3.8 billion.

Italy recorded a current account surplus of EUR 3.6 billion in February 2026, expanding sharply from EUR 1.1 billion in the same month a year earlier. This was the largest surplus since July 2025, driven by a wider goods surplus (EUR 4.9 billion vs EUR 4.5 billion in February 2025) and a sharp increase in the primary income surplus (EUR 1.1 billion vs EUR 0.2 billion). Additionally, the services deficit shrank to EUR 0.6 billion from EUR 1.6 billion last year, and the secondary income gap also edged down to EUR 1.8 billion from EUR 1.9 billion.

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.