Euro Area recorded a Current Account surplus of 2.50 percent of the country's Gross Domestic Product in 2021. source: EUROSTAT

Current Account to GDP in the Euro Area averaged 0.87 percent of GDP from 1999 until 2021, reaching an all time high of 3.20 percent of GDP in 2017 and a record low of -1.80 percent of GDP in 2008. This page provides - Euro Area Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Euro Area Current Account to GDP - values, historical data and charts - was last updated on December of 2022.

Current Account to GDP in Euro Area is expected to reach 2.70 percent of GDP by the end of 2022, according to Trading Economics global macro models and analysts expectations. In the long-term, the Euro Area Current Account to GDP is projected to trend around 3.10 percent of GDP in 2023 and 3.40 percent of GDP in 2024, according to our econometric models.

Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
Euro Area Current Account to GDP

Related Last Previous Unit Reference
Balance of Trade -34374.20 -52433.40 EUR Million Sep 2022
Current Account to GDP 2.50 1.90 percent of GDP Dec 2021
Imports 294015.70 283355.80 EUR Million Sep 2022
Exports 259641.40 230922.40 EUR Million Sep 2022

Euro Area Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.
Actual Previous Highest Lowest Dates Unit Frequency
2.50 1.90 3.20 -1.80 1999 - 2021 percent of GDP Yearly