Italy recorded a Current Account surplus of 3 percent of the country's Gross Domestic Product in 2019. source: EUROSTAT

Current Account to GDP in Italy averaged -0.23 percent from 1980 until 2019, reaching an all time high of 3 percent in 2019 and a record low of -3.70 percent in 1981. This page provides - Italy Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Italy Current Account to GDP - values, historical data and charts - was last updated on February of 2021.

Current Account to GDP in Italy is expected to reach 3.40 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Italy Current Account to GDP is projected to trend around 3.20 percent in 2021 and 2.80 percent in 2022, according to our econometric models.

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Italy Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
3.00 2.60 3.00 -3.70 1980 - 2019 percent Yearly

Italy Trade Last Previous Highest Lowest Unit
Balance of Trade 6843.54 6751.26 9689.39 -6389.31 EUR Million [+]
Current Account 6715.00 7121.00 19332.70 -10633.40 EUR Million [+]
Current Account to GDP 3.00 2.60 3.00 -3.70 percent [+]
Imports 31988.98 34161.59 40173.09 5285.80 EUR Million [+]
Exports 38832.52 40927.94 46310.40 5946.40 EUR Million [+]
External Debt 2295928.00 2276159.00 2295928.00 524899.00 EUR Million [+]
Terms of Trade 108.40 109.50 114.40 83.40 points [+]
Capital Flows 9161.30 16279.20 23871.70 -27549.50 EUR Million [+]
Remittances 140.00 159.37 202.52 96.92 EUR Million [+]
Gold Reserves 2451.84 2451.84 2451.84 2451.84 Tonnes [+]
Terrorism Index 3.04 3.11 3.71 1.98 [+]
Tourism Revenues 528.30 450.11 6023.00 318.00 EUR Million [+]
Weapons Sales 611.00 802.00 1715.00 1.00 USD Million [+]
Crude Oil Production 81.00 77.00 120.00 23.00 BBL/D/1K [+]
Foreign Direct Investment -4644.00 -1288.00 14203.00 -10787.00 EUR Million [+]


Italy Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.