Italy posted a current account surplus of EUR 1.636 billion in July of 2022, narrowing sharply from the EUR 8.706 billion in the corresponding month of the previous year. Still, it was the first surplus since March and the widest since October of 2021. The goods account surplus narrowed to EUR 1.013 billion from EUR 9.024 billion, largely due to more expensive energy imports, and the secondary income deficit widened to EUR 1.656 billion from EUR 1.521 billion. On the other hand, the services gap narrowed to EUR 0.035 billion from EUR 0.337 billion and the primary account surplus rose to EUR 2.315 billion from EUR 1.541 billion. source: Banca d'Italia
Current Account in Italy averaged 119.35 EUR Million from 1942 until 2022, reaching an all time high of 19332.70 EUR Million in July of 1981 and a record low of -10633.40 EUR Million in August of 1981. This page provides - Italy Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Italy Current Account - data, historical chart, forecasts and calendar of releases - was last updated on September of 2022.
Current Account in Italy is expected to be 2000.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Italy Current Account is projected to trend around 3200.00 EUR Million in 2023 and 3500.00 EUR Million in 2024, according to our econometric models.