- Analytics
- News and Tools
- Market News
- The current account of the euro area recorded a surplus of €16 billion in December
The current account of the euro area recorded a surplus of €16 billion in December
European Central Bank said, the current account of the euro area recorded a surplus of €16 billion in December 2018, decreasing by around €7 billion compared with November 2018. Surpluses were recorded for goods (€16 billion), services (€11 billion) and primary income (€3 billion). These were partly offset by a deficit for secondary income (€13 billion).
According to preliminary results for 2018 as a whole, the current account recorded a surplus of €343 billion (3.0% of euro area GDP), compared with one of €362 billion (3.2% of euro area GDP) in 2017. This decrease was due to a lower surplus for goods(down from €340 billion to €289 billion) and a marginally higher deficit for secondary income (up from €146 billion to €147 billion), which were only partly offset by higher surpluses for services (up from €102 billion to €121 billion) and primary income (up from €66 billion to €80 billion).
In the financial account, euro area residents made net acquisitions of foreign portfolio investment securities of €107 billion in 2018 (decreasing from €641 billion in 2017). Non-residents’ net purchases of euro area portfolio investment securities amounted to €38 billion (down from €374 billion in 2017).
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
