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.

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Euro Area Current Account



Calendar GMT Actual Previous Consensus TEForecast
2022-12-20 09:00 AM Oct €-4.39B €3.81B €-16B
2023-01-19 09:00 AM Nov €13.41B €-4.5B €-3.7B
2023-02-17 09:00 AM Dec €13.41B € -9B


Related Last Previous Unit Reference
Balance of Trade -11659.50 -26958.20 EUR Million Nov 2022
Current Account 13.41 -4.50 EUR Billion Nov 2022
Exports 264663.30 252476.10 EUR Million Nov 2022
Imports 276322.80 279434.30 EUR Million Nov 2022
External Debt 16582799.02 16454912.16 EUR Million Sep 2022
Capital Flows -9.62 15.87 EUR Billion Nov 2022
Current Account Services 10.07 7.92 EUR Billion Nov 2022
Current Account Goods 9.26 -1.84 EUR Billion Nov 2022

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).
Actual Previous Highest Lowest Dates Unit Frequency
13.41 -4.50 50.34 -33.54 1999 - 2022 EUR Billion Monthly
Current Prices, NSA

News Stream
Eurozone Posts 1st CA Surplus in 8 Months
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.
2023-01-19
Eurozone Current Account Swings to Deficit
The Euro Area posted a current account deficit of EUR 4.4 billion in October 2022, compared with a surplus of EUR 6.51 in the same month of the previous year. The goods account shifted to a EUR 2.6 billion deficit from last year's EUR 12.9 billion surplus, with imports surging to near record high levels on the back of rising energy prices. Meanwhile, the secondary income gap was slightly down to EUR 11.2 billion from EUR 12.9 billion a year ago, while the services surplus increased to EUR 7.7 billion from EUR 5.0 billion and the primary income surplus advanced to EUR 1.7 billion from EUR 1.5 billion. Considering January to October, the bloc reported a EUR 86.7 billion gap, compared with a EUR 253.0 billion surplus during the same period of 2021.
2022-12-20
Eurozone Current Account Surplus Narrows Sharply
The current account surplus in the Euro Area decreased sharply to EUR 3.8 billion in September 2022 from EUR 33.1 billion in the same month a year earlier. The goods account shifted to a EUR 9.3 billion deficit from last year's EUR 22.3 billion surplus, with imports reaching an all-time high of EUR 275.5 billion on the back of higher energy prices. Meanwhile, the services surplus narrowed to EUR 14.7 billion from EUR 15.8 billion, while the primary income surplus widened to EUR 10.0 billion from EUR 8.2 billion. The secondary income deficit shrank to EUR 11.7 billion from EUR 13.2 billion. Considering January to September, the bloc reported a EUR 82.4 billion gap, compared with a EUR 246.5 billion surplus during the same period of 2021.
2022-11-22