France posted a current account deficit of EUR 0.8 billion in June 2019 compared to a revised EUR 0.045 billion gap in May and market expectations of EUR 0.56 billion shortfall. The goods gap increased sharply to EUR 4.0 billion from EUR 2.2 billion a month earlier while the services surplus rose to EUR 2.7 billion from EUR 1.8 billion. Meantime, the primary income surplus was unchanged at EUR 4.3 billion and the secondary income gap was also unchanged at EUR 3.9 billion. Current Account in France averaged 185.29 EUR Million from 1993 until 2019, reaching an all time high of 4784 EUR Million in August of 1998 and a record low of -6642 EUR Million in June of 2014.
Current Account in France is expected to be -1720.00 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 France to stand at -2400.00 in 12 months time. In the long-term, the France Current Account is projected to trend around -780.00 EUR Million in 2020, according to our econometric models.