Italy's current account surplus widened to EUR 4.04 billion in March 2019 from EUR 3.21 billion in the same month of the previous year, as the primary income surplus widened to EUR 2.17 billion from EUR 1.46 billion. In addition, the services deficit narrowed to EUR 1.18 billion from 1.30 billion last year and the secondary income gap declined to EUR 2.17 billion from EUR 2.24 billion. The goods surplus edged lower to EUR 5.22 billion from EUR 5.29 billion a year ago. Considering the first quarter as a whole, the current account surplus widened to EUR 7.17 billion from EUR 4.34 billion in the same period of 2018. Current Account in Italy averaged -6.01 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 4750.00 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.