The current account gap in France widened sharply to EUR 8.5 billion in May of 2020 from an upwardly revised EUR 5.8 billion in the previous month. It is the highest current account gap on record, mainly due to a surge in imports due to the end of the coronavirus lockdown. The goods gap widened markedly to EUR 8.5 billion from EUR 3 billion in April. In contrast, the services account switched to a EUR 0.9 billion surplus from a EUR 0.5 billion deficit, mainly due to consultancy and R&D services and the primary and secondary gap narrowed to EUR 0.8 billion from EUR 1.3 billion.
Current Account in France averaged -4.96 EUR Million from 1993 until 2020, reaching an all time high of 4784 EUR Million in August of 1998 and a record low of -8493 EUR Million in May of 2020. This page provides - France Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. France Current Account - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: Banque de France
Current Account in France is expected to be -1200.00 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 -2200.00 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.