BUZ INVESTORS Euro Area Current Account Eurozone’s current account surplus widened to EUR 27.9 billion in February of 2017 from EUR 16.8 billion in the same month of the previous year. It is the biggest surplus on record for a February month, boosted by a 67.6 percent jump in the services surplus to EUR 5.7 billion and a 39.8 decline in the secondary income deficit to EUR 13.6 billion.
Euro Area Current Account
On the other hand, the goods surplus narrowed slightly by 0.7 percent to EUR 27.6 billion and the primary income surplus also decreased by 1.2 percent to EUR 8.2 billion. Considering the 12 months to February, the current account surplus increased to 3.4 percent of the GDP from 3.2 percent a year earlier. Current Account in the Euro Area averaged 5.27 EUR Billion from 1999 until 2017, reaching an all time high of 43.70 EUR Billion in December of 2015 and a record low of -28.51 EUR Billion in January of 2008. Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid). This page provides the latest reported value for – Euro Area Current Account – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.