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.