The current account surplus in Italy widened to EUR 4.9 billion in November of 2019 from EUR 3.9 billion a year earlier. The goods surplus increased to EUR 5.9 billion from EUR 4.4 billion a year ago while the services shortfall went down to EUR 1.3 billion from EUR 1.6 billion. On the other hand, the primary income surplus narrowed to EUR 1.9 billion from EUR 2.5 billion while the secondary income gap rose to EUR 1.6 billion from EUR 1.4 billion. In the twelve months ending in November 2019 the current account surplus amounted to EUR 52.3 billion from EUR 47.4 billion in the corresponding period of 2018.

Current Account in Italy averaged 13.61 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. This page provides - Italy Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Banca d'Italia

Current Account in Italy is expected to be 2460.00 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 2210.00 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.


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Italy Current Account

Actual Previous Highest Lowest Dates Unit Frequency
4921.40 8571.80 19332.70 -10633.40 1942 - 2019 EUR Million Monthly

Calendar GMT Actual Previous Consensus TEForecast
2019-10-18 09:00 AM Aug €6037M €8537M €4560M
2019-11-19 10:00 AM Sep €4102M €5959M €2570M
2019-12-20 10:00 AM Oct €8600M €4003M €3870M
2020-01-17 10:00 AM Nov €4921M €8572M
2020-02-19 10:00 AM Dec €4921M € 2750M


News Stream
2019-12-20
Italy Current Account Surplus Widens in October
The current account surplus in Italy widened to EUR 8.6 billion in October of 2019 from EUR 5.6 billion a year earlier. The goods surplus increased sharply to EUR 8.2 billion from EUR 4.5 billion; and the services deficit narrowed to EUR 0.43 billion from EUR 0.7 billion. In contrast, the primary income surplus fell to EUR 2.4 billion from EUR 3.2 billion and the secondary income gap increased to EUR 1.5 billion from EUR 1.3 billion. In the twelve months ending in October 2019 the current account surplus amounted to EUR 54.4 billion (equivalent to 3.1 percent of GDP), from EUR 47.7 billion in the corresponding period of 2018.

2019-11-19
Italy Current Account Surplus Widens in September
Italy’s current account surplus rose to EUR 4,102 million in September 2019 from EUR 3,116 million in the same month of the previous year. The goods surplus widened to EUR 3832 million from EUR 1,911 million in September 2018 and the services surplus went up to EUR 867 million from EUR 719 million. On the other hand, the primary income surplus narrowed to EUR 771 million from EUR 2,040 million while the secondary income gap edged down to EUR 1,367 million from EUR 1,554 million.

2019-10-18
Italy Current Account Surplus Widens in August
Italy's current account surplus widened to EUR 6.04 billion in August 2019 from EUR 5.56 billion in the same month of the previous year. The goods surplus advanced to EUR 4.66 billion from EUR 3.28 billion and the secondary income shortfall went down to EUR 1.43 billion from EUR 1.45 billion a year earlier. Meanwhile, the services surplus narrowed to EUR 1.04 billion from EUR 1.28 billion and the primary income surplus fell to EUR 1.76 billion from EUR 2.48 billion.

2019-09-19
Italy Current Account Surplus Largest in 3 Years
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.

2019-08-19
Italy Current Account Surplus Narrows in June
Italy's current account surplus narrowed to EUR 5.05 billion in June 2019 from EUR 5.58 billion in the same month last year, as the services surplus declined to EUR 0.44 billion from EUR 0.68 billion while the primary income account posted a EUR 0.06 billion deficit, compared to a EUR 0.50 surplus. Meanwhile, the goods surplus widened to EUR 5.87 billion from EUR 5.74 billion a year ago while the secondary income gap decreased to EUR 1.20 billion from EUR 1.33 billion.

2019-07-19
Italy Current Account Surplus Widens in May
Italy's current account surplus widened to EUR 2.60 billion in May 2019 from EUR 1.86 billion in the same month last year, as the goods surplus increased to EUR 4.93 billion from EUR 3.95 billion while the secondary income deficit fell to EUR 0.49 billion from EUR 0.72 billion. Meanwhile, the services surplus declined to EUR 0.12 billion from EUR 0.15 billion a year earlier while the primary income deficit rose to EUR 1.96 billion from EUR 1.53 billion. From January-May, the current account widened to EUR 11.19 billion from EUR 9.34 billion in the same period of 2018.


Italy 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).

Italy Trade Last Previous Highest Lowest Unit
Balance of Trade 4872.00 8057.00 8057.00 -6389.30 EUR Million [+]
Current Account 4921.40 8571.80 19332.70 -10633.40 EUR Million [+]
Current Account to GDP 2.60 2.70 2.90 -3.70 percent [+]
Imports 35300.29 37849.49 40173.09 5285.80 EUR Million [+]
Exports 40172.23 45906.06 45906.06 5946.40 EUR Million [+]
External Debt 2258602.00 2171891.00 2258602.00 524899.00 EUR Million [+]
Terms of Trade 104.90 104.30 105.50 83.40 points [+]
Capital Flows 8465.90 10142.40 17097.10 -27549.50 EUR Million [+]
Remittances 120.66 125.52 202.52 96.92 EUR Million [+]
Gold Reserves 2451.84 2451.84 2451.84 2451.80 Tonnes [+]
Terrorism Index 3.11 2.74 3.71 1.98 [+]
Tourism Revenues 2399.84 3998.01 6039.00 1128.47 EUR Million [+]
Weapons Sales 611.00 802.00 1715.00 1.00 USD Million [+]
Crude Oil Production 76.00 79.00 120.00 23.00 BBL/D/1K [+]
Foreign Direct Investment 3214.00 4522.00 14203.00 -10787.00 EUR Million [+]