The Eurozone current account surplus narrowed to EUR 13.3 billion in February 2021 from EUR 14.1 billion in the same month of the previous year, as the primary income account posted a deficit of EUR 2.1 billion, compared with a surplus of EUR 7.0 billion last year, and the secondary income gap increased to EUR 21.8 billion from EUR 15.6 billion. Meanwhile, the goods surplus rose to EUR 29.8 billion from EUR 28.9 billion a year ago, and the services account posted a EUR 7.3 billion surplus, compared with a deficit of EUR 6.1 billion. source: European Central Bank
Current Account in the Euro Area averaged 7.88 EUR Billion from 1999 until 2021, reaching an all time high of 50.43 EUR Billion in December of 2017 and a record low of -33.54 EUR Billion in January of 2008. This page provides the latest reported value for - Euro Area Current Account - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Euro Area Current Account - data, historical chart, forecasts and calendar of releases - was last updated on May of 2021.
Current Account in Euro Area is expected to be 28.00 EUR Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Euro Area to stand at 28.00 in 12 months time. In the long-term, the Euro Area Current Account is projected to trend around 30.00 EUR Billion in 2022 and 26.00 EUR Billion in 2023, according to our econometric models.