France posted a current account deficit of EUR 0.8 billion in February 2019, compared to a downwardly revised EUR 0.3 billion surplus in the previous month, as the secondary income gap was unchanged at EUR 3.8 billion while the services surplus narrowed sharply to EUR 1.4 billion from EUR 2.7 billion. Meanwhile, the goods deficit edged down to EUR 2.8 billion from EUR 2.9 billion a month earlier and the primary income surplus increased to EUR 4.4 billion from EUR 4.3 billion. Current Account in France averaged 226.47 EUR Million from 1993 until 2019, reaching an all time high of 4784 EUR Million in August of 1998 and a record low of -6601 EUR Million in June of 2014.
Current Account in France is expected to be -2100.00 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 -2600.00 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.