Current Account in Eurozone

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

Eurozone - Current Account (billions of Euros)

GDP growth surprised on the upside in Q3, mainly thanks to stronger-than-expected expansions in France and Italy more than offsetting subdued growth in Spain. Momentum has likely moderated significantly in Q4, as a strong upward trend in inflation hit consumer confidence in October and will be weighing on household spending, while protracted supply bottlenecks are dragging on activity in the secondary sector, as shown by October’s manufacturing PMI. Moreover, several countries in the bloc have tightened, or are planning to tighten, Covid-19 restrictions amid a fourth wave of infections, which will restrain the services sector. In other news, the European Commission recently delayed the implementation of stricter bank capital rules until 2025 in a bid to support the recovery. Meanwhile, in late October President Biden announced the U.S. will roll back tariffs on European steel and aluminum, boding well for trade.

Eurozone - Current Account (EUR bn) Data

2015   2016   2017   2018   2019  
Current Account Balance (EUR bn)291  352  348  361  320  

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Eurozone Current Account (EUR bn) 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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