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.

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Italy Current Account



Calendar GMT Actual Previous Consensus TEForecast
2022-08-19 09:00 AM Jun €-1112M €-1251M €-1700M
2022-09-20 09:00 AM Jul €1636M €-804M €-1050M
2022-10-20 09:00 AM Aug €1636M €-1015M


Related Last Previous Unit Reference
Current Account 1636.00 -804.00 EUR Million Jul 2022
External Debt 2477624.00 2443292.00 EUR Million Mar 2022
Capital Flows 2885.40 7442.90 EUR Million Jul 2022
Remittances 123.53 111.49 EUR Million Jun 2022
Tourism Revenues 5619.16 4291.50 EUR Million Jul 2022
Foreign Direct Investment -571.00 -1902.00 EUR Million Jul 2022

Italy 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
1636.00 -804.00 19332.70 -10633.40 1942 - 2022 EUR Million Monthly

News Stream
Italy Posts Widest Current Account Surplus in 9 Months
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.
2022-09-20
Italy Records 3rd Current Account Gap
Italy posted a current account deficit of EUR 1.112 billion in June of 2022, swinging from the surplus of EUR 5.037 billion in the corresponding month of the previous year. The good account recorded a EUR 415 million gap from the EUR 6.519 billion surplus as soaring energy prices inflated imports. Also, the secondary account gap widened to EUR 1.803 billion from EUR 1.195 billion. On the other hand, the services gap narrowed to EUR 96 million from EUR 944 million, and the Primary account surplus rose to EUR 1.201 billion from EUR 657 million.
2022-08-19
Italy Current Account Swings to Deficit in May
Italy posted a current account deficit of EUR 1.251 billion in May of 2022, swinging from a surplus of EUR 4.240 billion in the corresponding month of the previous year. The goods surplus narrowed sharply to EUR 1.392 billion from EUR 6.299 billion while the services gap went down to EUR 1.064 billion from EUR 1.588 billion. Also, the primary income account recorded a EUR 0.432 billion gap, compared to a EUR 0.545 billion surplus a year earlier and the secondary income deficit widened to EUR 1.147 billion from EUR 1.016 billion.
2022-07-20