Current Account in Italy

Italy Current Account (EUR bn) | Economic News & Forecasts

Italy - Current Account (billions of Euros)

The economy runs a serious risk of falling into a recession in Q2. Italy is one of the non-eastern, Euro area countries most economically vulnerable to the war in Ukraine, due to its large dependence on Russian gas imports. Harmonized inflation remained at record levels in April, while the manufacturing and services PMIs also fell that same month. Likewise, business and consumer confidence deteriorated. Meanwhile, government bond spreads have continued to increase, posing a risk to financial stability given Italy’s large public debt—151% of GDP at the end of last year. That said, government measures seem to be stopping the rot somewhat, with a 15 EUR billion package unveiled in May helping both business and consumer confidence to rebound in that same month. Activity will also be supported by the further relaxation of pandemic-related restrictions, including on tourism, from 1 May.

Italy - Current Account (EUR bn) Data

2015   2016   2017   2018   2019  
Current Account Balance (EUR bn)23.5  44.0  44.7  44.0  52.9  

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Italy Current Account (EUR bn) Chart


Italy Current Account
Note: Current account balance as % of GDP.
Source: Bank of Italy.

Italy Facts

Value Change Date
Bond Yield1.31-0.40 %Jan 01
Exchange Rate1.120.65 %Dec 31

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