Current Account in Eurozone

Eurozone Current Account | Economic News & Forecasts

Eurozone - Current Account

Growth slipped in the final quarter of 2019 as the French and Italian economies both unexpectedly contracted. More broadly, prolonged weakness in the bloc’s industrial sector amid weak external demand, coupled with policy uncertainties at home, have likely continued to constrain growth. Improved economic sentiment and a stable PMI in January, however, suggest momentum strengthened somewhat at the start of 2020. Meanwhile, in politics, Irish voters head to the polls; Slovenia’s Prime Minister resigned on disputes over healthcare funding; Austria’s conservative People’s Party struck an unprecedented coalition deal with the Greens; Pedro Sánchez was confirmed as Spain's prime minister; and Italy’s ruling coalition seems to have dodged a government crisis. Moreover, the European Parliament backed Britain’s departure from the European Union, with negotiations now turning to trade talks.

Eurozone - Current Account Data

2014   2015   2016   2017   2018  
Current Account (% of GDP)2.5  2.7  3.1  3.2  2.9  

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Eurozone Current Account Chart


Euro Current Account
Note: Current account balance as % of GDP.
Source: Eurostat and FocusEconomics calculations.

Eurozone Facts

Value Change Date
Exchange Rate1.120.65 %Dec 31

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