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. Current Account in Italy averaged -1.66 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 2460.00 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.

Italy Current Account
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Calendar GMT Actual Previous Consensus TEForecast
2019-04-17 09:00 AM Current Account Feb €3253M €-122M €1950M
2019-05-20 09:00 AM Current Account Mar €4040M €3250M €2720M
2019-06-19 09:00 AM Current Account Apr €3914M €4105M €2450M
2019-07-19 09:00 AM Current Account May €2599M €4066M €1420M
2019-08-16 09:00 AM Current Account Jun €2599M €4750M
2019-09-19 09:00 AM Current Account Jul €5150M
2019-10-18 09:00 AM Current Account Aug €4560M


Italy Trade Last Previous Highest Lowest Unit
Balance of Trade 5347.00 2885.00 7902.67 -6389.30 EUR Million [+]
Current Account 2599.00 4066.00 19332.70 -10633.40 EUR Million [+]
Current Account to GDP 2.50 2.80 2.90 -3.70 percent [+]
Imports 38452.89 35569.93 39938.06 5285.80 EUR Million [+]
Exports 43800.17 38420.92 43800.17 5946.40 EUR Million [+]
External Debt 2134121.00 2113580.00 2177794.00 524899.00 EUR Million [+]
Terms of Trade 103.10 101.70 105.50 83.40 Index Points [+]
Capital Flows -762.90 7706.80 17094.70 -27541.10 EUR Million [+]
Remittances 117.08 148.11 202.52 96.92 EUR Million [+]
Gold Reserves 2451.80 2451.80 2451.84 2451.80 Tonnes [+]
Terrorism Index 2.74 2.75 3.71 1.98 [+]
Tourism Revenues 3932.85 3389.49 5854.26 1128.47 EUR Million [+]
Weapons Sales 611.00 802.00 1715.00 1.00 USD Million [+]
Crude Oil Production 82.00 88.00 120.00 23.00 BBL/D/1K [+]
Foreign Direct Investment 1808.00 463.00 14203.00 -10787.00 EUR Million [+]

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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). This page provides - Italy Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Italy Current Account - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2599.00 4066.00 19332.70 -10633.40 1942 - 2019 EUR Million Monthly




Country Last Previous
Argentina -3849.43 Mar/19
Australia -2900.00 Mar/19
Brazil 662.00 May/19
Canada -17347.00 Mar/19
China 490.00 Mar/19
Euro Area 13.32 May/19
France 343.00 May/19
Germany 16500.00 May/19
India -4600.00 Mar/19
Indonesia -6966.00 Mar/19
Italy 2599.00 May/19
Japan 1594.84 May/19
Mexico -5634.10 Mar/19
Netherlands 18079.00 Mar/19
Russia 12100.00 Jun/19
Saudi Arabia 11518.00 Mar/19
Singapore 20296.50 Mar/19
South Africa -142495.00 Mar/19
South Korea 4949.40 May/19
Spain -413.00 Apr/19
Switzerland 17215.95 Mar/19
Turkey 151.00 May/19
United Kingdom -30045.00 Mar/19
United States -130400.00 Mar/19


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