Current Account in Italy

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

Italy - Current Account (billions of Euros)

Revised national accounts confirmed the economy collapsed in the first quarter, hammered by the coronavirus outbreak and its associated lockdown measures, and it appears that the economy is contracting even more sharply in Q2. The manufacturing PMI slumped in April while business and consumer confidence dived in May, prompted by the extension of containment measures. In response, on 13 May, the government approved a EUR 55 billion stimulus plan to shore up the economy. The package, which comes on the heels of the EUR 25 billion stimulus passed in March, includes grants and tax breaks for firms; financial support to SMEs; income support for employees and the self-employed; and additional funding for temporary layoff schemes. The plan, coupled with slumping tax revenue, will inevitably translate into a widening budget deficit, exacerbating the country’s already-frail fiscal position and heightening risks of financial distress.

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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