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.