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Eurozone Current Account recorded a surplus of €28.4 billion

Tuesday, Jun 19 2018
Eurozone Current Account recorded a surplus of €28.4 billion

The current account of the euro area recorded a surplus of €28.4 billion in April 2018. This reflected surpluses for goods (€21.0 billion), services (€9.6 billion) and primary income (€8.5 billion), which were partly offset by a deficit for secondary income (€10.7 billion). The 12-month cumulated current account for the period ending in April 2018 recorded a surplus of €413.7 billion (3.7% of euro area GDP), compared with €361.3 billion (3.3% of euro area GDP) in the 12 months to April 2017.

This development was due to increases in the surpluses for services (from €46.1 billion to €106.1 billion) and goods (from €347.2 billion to €353.9 billion), and to a decrease in the deficit for secondary income (from €147.2 billion to €138.3 billion). These were partially offset by a decrease in the surplus for primary income.

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