France’s current account shifted to a EUR 0.60 billion deficit in December 2019 from an upwardly revised EUR 0.56 billion surplus in the previous month, as the goods shortfall widened to EUR 2.24 billion from EUR 2.12 billion and the service surplus narrowed to EUR 1.63 billion from EUR 2.59 billion. In addition, the primary income surplus fell to EUR 3.93 billion from EUR 4.03 billion in November and the secondary income gap was unchanged at EUR 3.93 billion. On a quarterly basis, the current account shortfall decreased to EUR 2.1 billion in the last quarter of 2019 from EUR 5.6 billion in the prior period. Considering full 2019, the country's recorded a current account gap of EUR 18.7 billion.

Current Account in France averaged 70.28 EUR Million from 1993 until 2019, reaching an all time high of 4784 EUR Million in August of 1998 and a record low of -6615 EUR Million in June of 2014. This page provides - France Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Banque de France

Current Account in France is expected to be -2600.00 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 -550.00 in 12 months time. In the long-term, the France Current Account is projected to trend around -780.00 EUR Million in 2021 and -640.00 EUR Million in 2022, according to our econometric models.


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France Current Account

Actual Previous Highest Lowest Dates Unit Frequency
-596.00 564.00 4784.00 -6615.00 1993 - 2019 EUR Million Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2019-11-08 07:45 AM Sep €-2.7B €-3B €-0.609B €-1.7B
2019-12-06 07:45 AM Oct €-2.4B €-2.9B €-0.4B
2020-01-08 07:45 AM Nov €0.5B €-2.1B €-2.0B
2020-02-07 07:45 AM Dec €-0.6B €0.5B €-0.6B
2020-03-06 07:45 AM Jan €-0.6B €-0.8B
2020-04-07 06:45 AM Feb €-1.6B
2020-05-07 06:45 AM Mar €-2.6B
2020-06-08 06:45 AM Apr €-2.3B


News Stream
French Current Account Swings to Deficit in December
France’s current account shifted to a EUR 0.60 billion deficit in December 2019 from an upwardly revised EUR 0.56 billion surplus in the previous month, as the goods shortfall widened to EUR 2.24 billion from EUR 2.12 billion and the service surplus narrowed to EUR 1.63 billion from EUR 2.59 billion. In addition, the primary income surplus fell to EUR 3.93 billion from EUR 4.03 billion in November and the secondary income gap was unchanged at EUR 3.93 billion. On a quarterly basis, the current account shortfall decreased to EUR 2.1 billion in the last quarter of 2019 from EUR 5.6 billion in the prior period. Considering full 2019, the country's recorded a current account gap of EUR 18.7 billion.
2020-02-07
French Current Account Swings to Surplus
France posted a current account surplus of EUR 0.48 billion in November 2019, compared to a revised EUR 2.08 billion deficit in the previous month, as the service surplus widened to EUR 2.69 billion from EUR 1.32 billion while the goods deficit dropped to EUR 2.50 billion from EUR 3.69 billion. Meanwhile, the primary income surplus and the secondary income gap were unchanged at EUR 4.30 billion and EUR 4.00 billion respectively.
2020-01-08
French Current Account Gap Narrows in October
France's current account deficit decreased to EUR 2.4 billion in October 2019 from an upwardly revised EUR 2.9 billion in the previous month, as the goods shortfall narrowed to EUR 3.6 billion from EUR 5.0 billion. Meanwhile, the services surplus shrank to EUR 1.3 billion from EUR 2.2 billion. At the same time, the primary income surplus was unchanged at EUR 3.9 billion while the secondary income gap stood at EUR 4.1 billion.
2019-12-06
French Current Account Deficit Narrows in September
France's current account deficit narrowed to EUR 2.7 billion in September 2019 from an upwardly revised EUR 3 billion in the previous month and well above market forecasts of a EUR 0.61 billion shortfall. The services surplus widened to EUR 2.4 billion from EUR 1.6 billion in August while the secondary income gap was unchanged at EUR 4.1 billion. On the other hand, the goods gap increased to EUR 5.1 billion from EUR 4.6 billion in the prior month and the primary income surplus declined to EUR 4.1 billion from EUR 4.2 billion. Considering the third quarter as a whole, the country's current account gap rose to EUR 6.2 billion from EUR 4.8 billion in the prior period.
2019-11-08

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).