The Euro Area recorded a current account gap of €10.1 billion in July of 2022, compared to a €36.8 billion surplus a year earlier, as rising energy costs continue to push up imports' value. The goods account posted a €12.7 billion deficit, switching from a €33.5 billion surplus and the primary income account recorded a €1.4 billion gap, versus a €2.3 billion surplus. Also, the secondary income shortfall widened to €13.4 billion from €10.6 billion while the services surplus rose to €17.4 billion from €11.6 billion. source: European Central Bank

Current Account in the Euro Area averaged 8.13 EUR Billion from 1999 until 2022, reaching an all time high of 50.51 EUR Billion in December of 2017 and a record low of -33.54 EUR Billion in January of 2008. This page provides the latest reported value for - Euro Area Current Account - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Euro Area Current Account - data, historical chart, forecasts and calendar of releases - was last updated on September of 2022.

Current Account in Euro Area is expected to be -11.20 EUR Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Euro Area Current Account is projected to trend around 34.00 EUR Billion in 2023 and 24.00 EUR Billion in 2024, according to our econometric models.

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Euro Area Current Account



Calendar GMT Actual Previous Consensus TEForecast
2022-08-19 08:00 AM Jun €3.24B €-19.4B €19B
2022-09-20 08:00 AM Jul €-10.1B €3.24B €-12.2B
2022-10-20 08:00 AM Aug €-10.1B €-16.5B


Related Last Previous Unit Reference
Current Account -10.10 3.24 EUR Billion Jul 2022
External Debt 16415917.53 16025333.04 EUR Million Mar 2022
Capital Flows 31.45 37.26 EUR Billion Jul 2022

Euro Area 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
-10.10 3.24 50.51 -33.54 1999 - 2022 EUR Billion Monthly
Current Prices, NSA

News Stream
Euro Area Current Account Swings to Deficit
The Euro Area recorded a current account gap of €10.1 billion in July of 2022, compared to a €36.8 billion surplus a year earlier, as rising energy costs continue to push up imports' value. The goods account posted a €12.7 billion deficit, switching from a €33.5 billion surplus and the primary income account recorded a €1.4 billion gap, versus a €2.3 billion surplus. Also, the secondary income shortfall widened to €13.4 billion from €10.6 billion while the services surplus rose to €17.4 billion from €11.6 billion.
2022-09-20
Eurozone Current Account Surplus Narrows in June
The Euro Area current account surplus narrowed sharply to EUR 3.2 billion in June of 2022 from EUR 27.6 billion in the corresponding month of the previous year, as the goods surplus shrank to EUR 4.3 billion from EUR 31.4 billion due rising import’s value on the back of higher energy costs. Meanwhile, the services surplus widened to EUR 16.4 billion from EUR 9.9 billion; and the primary income deficit fell to EUR 3 billion from EUR 3.2 billion while the secondary income shortfall rose to EUR 14.4 billion from EUR 10.6 billion. Considering Q2, the Euro Area recorded a current account gap of EUR 20.1 billion, compared to a EUR 1 billion surplus in Q1.
2022-08-19
Euro Area Current Account Deficit Highest in Over 2 Years
The Euro Area recorded a current account gap of €15.4 billion in May of 2022, the biggest deficit since January of 2020, and compared to a €15.9 billion surplus a year earlier, as rising energy costs continue to lift imports' value. The primary income account recorded a €16.3 billion deficit and the secondary income account a €11.9 billion gap. On the other hand, the goods account recorded a surplus of €0.6 billion and the services account a €12.2 billion surplus. In the 12 months to May, the current account surplus narrowed to 1.1% of GDP from 3% in the previous year.
2022-07-20