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.

France Current Account
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Calendar GMT Actual Previous Consensus TEForecast
2019-07-05 06:45 AM Current Account May €0.3B €-1.2B €-0.531B €-3.6B
2019-08-07 06:45 AM Current Account Jun €-0.8B €0B €-0.56B €-2.1B
2019-09-06 06:45 AM Current Account Jul €0.2B €-1.1B €-0.7B
2019-10-08 06:45 AM Current Account Aug €-2.5B €-0.3B €-0.4B €-2.4B
2019-11-08 07:45 AM Current Account Sep €-2.5B €-1.7B
2019-12-06 07:45 AM Current Account Oct €-0.4B


France Trade Last Previous Highest Lowest Unit
Balance of Trade -5019.00 -4535.00 2674.00 -7461.00 EUR Million [+]
Current Account -2487.00 -290.00 4784.00 -6608.00 EUR Million [+]
Current Account to GDP -0.30 -0.60 3.40 -2.10 percent [+]
Imports 47836.00 47013.00 48334.00 1151.90 EUR Million [+]
Exports 42818.00 42478.00 44007.00 1165.60 EUR Million [+]
External Debt 5685844.00 5498380.00 5685844.00 3536444.00 EUR Million [+]
Terms of Trade 115.15 114.77 115.87 89.48 Index Points [+]
Foreign Direct Investment 1819.00 1487.00 21742.00 -7723.00 EUR Million [+]
Capital Flows -4787.00 -13343.00 36458.00 -31626.00 EUR Million [+]
Remittances 72.00 72.00 87.00 22.00 EUR Million [+]
Gold Reserves 2436.07 2436.00 3024.70 2435.38 Tonnes [+]
Terrorism Index 5.48 5.96 5.96 3.38 [+]
Tourism Revenues 7382.00 7841.00 7841.00 1426.00 EUR Million [+]
Tourist Arrivals 89300.00 86800.00 89300.00 75000.00 Thousand [+]
Weapons Sales 1768.00 2302.00 4021.00 8.00 USD Million [+]


France 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). This page provides - France Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. France Current Account - actual data, historical chart and calendar of releases - was last updated on October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-2487.00 -290.00 4784.00 -6608.00 1993 - 2019 EUR Million Monthly
SA




Country Last Previous
Argentina -2560.58 Jun/19
Australia 5853.00 Jun/19
Brazil -4274.30 Aug/19
Canada -6380.00 Jun/19
China 461.67 Jun/19
Euro Area 25.71 Aug/19
France -2487.00 Aug/19
Germany 16900.00 Aug/19
India -14315.70 Jun/19
Indonesia -8442.80 Jun/19
Italy 6037.00 Aug/19
Japan 2157.71 Aug/19
Mexico 5142.70 Jun/19
Netherlands 13615.80 Jun/19
Russia 12900.00 Sep/19
Saudi Arabia 12407.00 Jun/19
Singapore 21497.50 Jun/19
South Africa -204100.00 Jun/19
South Korea 5270.00 Aug/19
Spain 3237.00 Jul/19
Switzerland 21272.85 Jun/19
Turkey 2604.00 Aug/19
United Kingdom -25200.00 Jun/19
United States -128188.00 Jun/19


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