The Euro Area recorded a current account gap of EUR 5.4 billion in April of 2022, compared with a EUR 32.3 billion surplus in the same month of the previous year, as the goods account switched to a deficit of EUR 4.6 billion from a surplus of EUR 28.4 billion on surging oil and gas prices due to Russia's war in Ukraine. Also, the primary income account posted a EUR 2.5 billion shortfall, versus a EUR 7.4 billion surplus last year while the secondary income gap edged down to EUR 11.5 billion from EUR 11.7 billion. Meanwhile, the services surplus rose to EUR 13.2 billion from EUR 8.3 billion. source: European Central Bank
Current Account in the Euro Area averaged 8.31 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 June of 2022.
Current Account in Euro Area is expected to be 19.00 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.