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Eurozone Current Account recorded a surplus of €37.8 billion

Friday, Nov 17 2017
Eurozone Current Account recorded a surplus of €37.8 billion

The current account of the euro area recorded a surplus of €37.8 billion in September 2017. This reflected surpluses for goods (€35.2 billion), primary income (€9.7 billion) and services (€7.3 billion), which were partly offset by a deficit for secondary income (€14.3 billion). The 12-month cumulated current account for the period ending in September 2017 recorded a surplus of €346.4 billion (3.2% of euro area GDP), compared with one of €359.3 billion (3.4% of euro area GDP) for the 12 months to September 2016.

This development was due to a decrease in the surplus for goods (from €377.0 billion to €342.0 billion) and an increase in the deficit for secondary income (from €135.9 billion to €151.1 billion). These were partly offset by increases in the surpluses for primary income (from €69.2 billion to €93.4 billion) and services (from €49.0 billion to €62.0 billion).

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