The Eurozone posted a current account surplus of EUR 4.3 billion in May 2021, compared with a EUR 0.7 billion deficit in the same month of the previous year, due to increases in surpluses of both goods (EUR 22.5 billion vs EUR 16.9 billion) and services (EUR 7.4 billion vs EUR 5.0 billion) and a decline in the secondary income deficit (EUR 10.4 billion vs EUR 13.6 billion). Meanwhile, the primary income gap rose to EUR 15.2 billion from EUR 8.9 billion last year. source: European Central Bank
Current Account in the Euro Area averaged 8.14 EUR Billion from 1999 until 2021, reaching an all time high of 50.89 EUR Billion in March of 2018 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 July of 2021.
Current Account in Euro Area is expected to be 25.10 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 26.00 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.