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.

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Euro Area Current Account

Actual Previous Highest Lowest Dates Unit Frequency
13.28 5.57 50.43 -33.54 1999 - 2021 EUR Billion Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-01-19 09:00 AM Nov €26.8B €33B €29B
2021-02-19 09:00 AM Dec €51.9B €27.3B €32B
2021-03-22 09:00 AM Jan €5.8B €51.9B €34.3B €32B
2021-04-19 08:00 AM Feb €13.3B €5.6B €19.1B
2021-05-20 08:00 AM Mar €13.3B €25.1B
2021-06-18 08:00 AM Apr
2021-07-20 08:00 AM May
2021-08-19 08:00 AM Jun
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Eurozone Current Account Surplus Narrows in February
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.
2021-04-19
Eurozone Current Account Surplus Below Expectations
The Euro Area's current account posted a EUR 5.8 billion surplus in January of 2021, compared with a EUR 8.2 billion deficit in the same month last year but missing market expectations of a EUR 34.3 billion surplus. The services account recorded a EUR 8.6 billion surplus, switching from a EUR 4.5 billion gap a year earlier and the goods surplus widened to EUR 17.8 billion from EUR 9.3 billion. Also, the secondary income deficit narrowed to EUR 18.3 billion from EUR 20 billion while the primary income account posted a EUR 2.2 billion shortfall, swinging from a EUR 6.9 billion surplus.
2021-03-22
Euro Area Current Account Surplus Rises in December
The Eurozone current account surplus widened to EUR 51.9 billion in December of 2020 from EUR 33.4 billion in the corresponding month of the previous year. The goods surplus rose to EUR 41.7 billion from EUR 31.1 billion and the primary income surplus advanced to EUR 13.2 billion from EUR 11.7 billion. Also, the services account posted a EUR 10.3 billion surplus, compared to a EUR 0.8 billion deficit. On the other hand, the secondary income shortfall went up to EUR 13.3 billion from EUR 8.5 billion. Considering full 2020, the current account surplus shank to EUR 257 billion from EUR 274 billion in 2019.
2021-02-19
Eurozone Current Account Surplus Widens in November
The Eurozone current account surplus widened to EUR 26.8 billion in November 2020 from EUR 23.5 billion in the same month of the previous year. The services account posted a EUR 5.1 billion surplus, compared with a deficit of EUR 3.4 billion a year ago and the goods surplus rose to EUR 35.9 billion from EUR 30.0 billion. Meanwhile, the primary income surplus declined to EUR 3.8 billion from EUR 6.9 billion, while the secondary income gap increased to EUR 18.0 billion from EUR 10.0 billion. Considering January-November, the current account surplus shrank to EUR 204.5 billion from EUR 240.5 billion in the same period of 2019.
2021-01-19

Euro Area Current Account
Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).