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.

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France Current Account

Actual Previous Highest Lowest Dates Unit Frequency
-8493.00 -5829.00 4784.00 -8493.00 1993 - 2020 EUR Million Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-04-07 06:45 AM Feb €-3.8B €-3.1B €-1.6B
2020-05-07 06:45 AM Mar €-3.3B €-3.4B €-2.6B
2020-06-09 06:45 AM Apr €-5.4B €-2.8B €-2.3B
2020-07-07 06:45 AM May €-8.5B €-5.8B €-1.0B
2020-08-07 06:45 AM Jun €-8.5B €-2.4B
2020-09-07 06:45 AM Jul €-1.2B
2020-10-08 06:45 AM Aug €-3.2B
2020-11-09 07:45 AM Sep €-1.2B


News Stream
France Current Account Gap Hits Record High
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.
2020-07-07
France Current Account Gap Second-Highest on Record in April
French current account deficit widened to EUR 5.4 billion in April of 2020 from a downwardly revised EUR 2.8 billion in the previous month. It s the biggest current account gap since a record deficit of EUR 6.5 billion in June of 2014, mainly due to a plunge in exports as a coronavirus lockdown from March 14th led many businesses and factories to close. The goods gap increased sharply to EUR 4 billion from EUR 2 billion and the services account switched to a EUR 0.5 billion gap from a EUR 0.5 billion surplus. The primary and secondary income shortfall rose to EUR 0.8 billion from EUR 0.1 billion.
2020-06-09
French Current Account Gap Little-Changed in March
France's current account deficit stood at EUR 3.3 billion in March 2020, little-changed from a revised EUR 3.4 billion in the previous month, as the goods gap fell to EUR 3.5 billion from EUR 5.0 billion and the services surplus dropped to EUR 0.4 billion from EUR 1.8 billion. The primary income surplus was unchanged at EUR 3.2 billion and the secondary income gap was flat at EUR 3.4 billion.
2020-05-07
French Current Account Gap Widens in February
France's current account deficit widened to EUR 3.8 billion in February 2020 from a revised EUR 3.1 billion in the previous month, as the goods gap was EUR 5.1 billion (vs EUR 5.3 billion in January) while the services surplus declined sharply to EUR 1.5 billion (vs EUR 2.4 billion in January). Meanwhile, the primary income surplus and the secondary income deficit were unchanged at EUR 3.2 billion and EUR 3.4 billion respectively.
2020-04-07

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).