Current Account in Eurozone

Eurozone Current Account | Economic News & Forecasts

Eurozone - Current Account

A second estimate confirmed that the Eurozone economy cooled markedly in the final quarter of 2019, while weak available data and the coronavirus outbreak bode ill for the first quarter of this year. A notable downturn in the industrial sector against the backdrop of global trade tensions, subdued demand from key trading partners and sustained political uncertainty weighed on the economy in the fourth quarter. Turning to Q1 2020, still-weak consumer and business confidence in January-February suggest economic activity will remain feeble. Moreover, the outbreak of coronavirus in Italy and its spread to other Euro area countries look set to hit the manufacturing and tourism sectors. In politics, the resignation of Annegret Kramp-Karrenbauer, Merkel’s obvious successor, highlights tensions between government coalition partners, stoking political uncertainty in Europe’s largest economy.

Eurozone - Current Account Data

2014   2015   2016   2017   2018  
Current Account (% of GDP)2.5  2.6  3.3  3.1  3.1  

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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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