Italy posted a current account deficit of EUR 915 million in April of 2020, compared to a EUR 3,437 million surplus in the corresponding month of the previous year. The services account recorded a EUR 779 million gap, switching from a EUR 15 million surplus a year earlier and the secondary income deficit widened to EUR 925 million from EUR 864 million. Also, the goods surplus narrowed to EUR 353 million from EUR 3,201 million and the primary income surplus fell to EUR 437 million from EUR 1.084 million.

Current Account in Italy averaged 22.24 EUR Million from 1942 until 2020, 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. Italy Current Account - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: Banca d'Italia

Current Account in Italy is expected to be 2220.00 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 1900.00 in 12 months time. In the long-term, the Italy Current Account is projected to trend around 1910.00 EUR Million in 2021 and 1750.00 EUR Million in 2022, according to our econometric models.

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Italy Current Account

Actual Previous Highest Lowest Dates Unit Frequency
-915.00 4183.00 19332.70 -10633.40 1942 - 2020 EUR Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-03-20 10:00 AM Jan €-209M €5094M €-800M
2020-04-20 09:00 AM Feb €4783M €-314M €3250M
2020-05-20 09:00 AM Mar €4136M €4795M €2460M
2020-06-19 09:00 AM Apr €-915M €4183M €3200M
2020-07-20 09:00 AM May €-915M
2020-08-19 09:00 AM Jun € 4220M
2020-09-18 09:00 AM Jul
2020-10-20 09:00 AM Aug


News Stream
Italy Current Account Balance Swings to Deficit in April
Italy posted a current account deficit of EUR 915 million in April of 2020, compared to a EUR 3,437 million surplus in the corresponding month of the previous year. The services account recorded a EUR 779 million gap, switching from a EUR 15 million surplus a year earlier and the secondary income deficit widened to EUR 925 million from EUR 864 million. Also, the goods surplus narrowed to EUR 353 million from EUR 3,201 million and the primary income surplus fell to EUR 437 million from EUR 1.084 million.
2020-06-19
Italy Current Account Surplus Widens in March
Italy's current account surplus widened to EUR 4,136 million in March 2020 from EUR 2,721 million in the corresponding month of the previous year. The goods surplus increased to EUR 6,302 million from EUR 5,086 million a year earlier and the secondary income deficit narrowed to EUR 2,034 million from EUR 2,970 million. Meanwhile, the services gap went up to EUR 1,972 million from EUR 1,280 million in March 2019 and the primary income surplus decreased to EUR 1,840 million from EUR 1,885 million. Considering the first quarter of the year, the country recorded a EUR 8,617 million current account surplus.
2020-05-20
Italy Current Account Surplus Widens in February
Italy's current account surplus widened to EUR 4,783 million in February of 2020 from EUR 2,143 million in the corresponding month of the previous year. The goods surplus rose to EUR 6,815 million from EUR 3,788 million in February of 2019 and the secondary income gap narrowed to EUR 2,276 million from EUR 2,294 million. On the other hand, the primary income surplus fell to EUR 1,579 million from EUR 1,872 million and the services shortfall advanced to EUR 1,335 million from EUR 1,223 million.
2020-04-20
Italy Current Account Gap Narrows Sharply in January
Italy's current account deficit fell significantly to EUR 0.21 billion in January of 2020 from EUR 0.98 billion a year earlier. The goods surplus rose to EUR 1.99 billion from EUR 1 billion in January of 2018 and the services gap shrank to EUR 0.99 billion from EUR 1.16 billion. Meantime, the primary income surplus decreased to EUR 0.46 billion from EUR 0.87 billion and while the secondary income shortfall fell slightly to EUR 1.67 billion from EUR 1.70 billion a year ago.
2020-03-20

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).