Italy recorded a Current Account surplus of 2.60 percent of the country's Gross Domestic Product in 2018.

Current Account to GDP in Italy averaged -0.32 percent from 1980 until 2018, reaching an all time high of 2.90 percent in 1996 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. source: Eurostat

Current Account to GDP in Italy is expected to be 2.50 percent by the end of this quarter, 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 2.80 percent in 2020, according to our econometric models.


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Italy Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
2.60 2.70 2.90 -3.70 1980 - 2018 percent Yearly

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.

Italy Trade Last Previous Highest Lowest Unit
Balance of Trade 4872.00 8057.00 8057.00 -6389.30 EUR Million [+]
Current Account 4921.40 8571.80 19332.70 -10633.40 EUR Million [+]
Current Account to GDP 2.60 2.70 2.90 -3.70 percent [+]
Imports 35300.29 37849.49 40173.09 5285.80 EUR Million [+]
Exports 40172.23 45906.06 45906.06 5946.40 EUR Million [+]
External Debt 2258602.00 2171891.00 2258602.00 524899.00 EUR Million [+]
Terms of Trade 104.90 104.30 105.50 83.40 points [+]
Capital Flows 8465.90 10142.40 17097.10 -27549.50 EUR Million [+]
Remittances 120.66 125.52 202.52 96.92 EUR Million [+]
Gold Reserves 2451.84 2451.84 2451.84 2451.80 Tonnes [+]
Terrorism Index 3.11 2.74 3.71 1.98 [+]
Tourism Revenues 2399.84 3998.01 6039.00 1128.47 EUR Million [+]
Weapons Sales 611.00 802.00 1715.00 1.00 USD Million [+]
Crude Oil Production 76.00 79.00 120.00 23.00 BBL/D/1K [+]
Foreign Direct Investment 3214.00 4522.00 14203.00 -10787.00 EUR Million [+]