Current Account Balance in Euro Area
The current account balance averaged 2.2% of GDP in the decade to 2022. The 2022 reading was -0.7% of GDP. For more current account information, visit our dedicated page.
Euro Area Current Account Chart
Euro Area Current Account Data
2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Current Account Balance (% of GDP) | 2.5 | 1.6 | 2.4 | -0.4 | 1.6 |
Current Account Balance (EUR bn) | 296 | 186 | 304 | -52 | 224 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects European current account projections for the next ten years from a panel of 32 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable current account forecast available for European current account.
Download one of our sample reports to visualize what a Consensus Forecast is and see our European current account projections.
Want to get access to the full dataset of European current account forecasts? Send an email to info@focus-economics.com.