Euro Area reported a current account surplus of EUR 13.4 billion in November 2022, the first one in eight months, and only slightly below a EUR 13.8 billion surplus reported in the same month of the previous year. It was only the second surplus this year, helped by increases in both services (EUR 10.1 billion from last year's EUR 6.2 billion) and primary income surpluses (EUR 8.6 billion from EUR 7.2 billion). Meanwhile, the goods surplus declined to EUR 9.3 billion from EUR 14.9 billion, as imports jumped 20.9 percent to EUR 262.7 billion, not far from September's record high, on the back of rising energy prices. Exports were up at a slower 17.1 percent to EUR 271.9 billion. The secondary income gap was slightly down to EUR 14.5 billion from EUR 14.6 billion a year ago. Considering January to November, the bloc posted a current account deficit of EUR 121.1 billion, compared with a surplus of EUR 266.8 billion in the same period of 2021. source: European Central Bank
Current Account in Euro Area averaged 7.52 EUR Billion from 1999 until 2022, reaching an all time high of 50.34 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 February of 2023.
Current Account in Euro Area is expected to be 3.20 EUR Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations.