Italy's current account surplus widened to EUR 8.42 billion in July 2019 from EUR 7.28 billion in the same month of the previous year. It was the largest current account surplus since July 2016, as the goods surplus rose to EUR 7.46 billion from EUR 6.10 billion and the services surplus increased to EUR 1.52 billion from EUR 1.06 billion. Meanwhile, the primary income surplus narrowed to EUR 0.76 billion from EUR 1.42 billion a year earlier and the secondary income gap advanced to EUR 1.32 billion from EUR 1.30 billion. Current Account in Italy averaged 3.91 EUR Million from 1942 until 2019, reaching an all time high of 19332.70 EUR Million in July of 1981 and a record low of -10633.40 EUR Million in August of 1981.
Current Account in Italy is expected to be 2570.00 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 Italy to stand at 4220.00 in 12 months time. In the long-term, the Italy Current Account is projected to trend around 1910.00 EUR Million in 2020, according to our econometric models.