France's current account deficit widened sharply to EUR 2.5 billion in August 2019 from a revised EUR 0.3 billion in the previous month, well above market expectations of a EUR 0.4 billion gap. The goods deficit increased to EUR 4.5 billion from EUR 2.7 billion in July and the secondary income gap was unchanged at EUR 4.1 billion. In addition, the services surplus narrowed to EUR 1.7 billion from EUR 2.2 billion in the previous month while the primary income surplus edged up to EUR 4.4 billion from EUR 4.3 billion. Current Account in France averaged 172.23 EUR Million from 1993 until 2019, reaching an all time high of 4784 EUR Million in August of 1998 and a record low of -6608 EUR Million in June of 2014.
Current Account in France is expected to be -590.00 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 -1240.00 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.