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EU28 current account surplus €17.8 billion

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Staff Writer | February 18, 2017
The EU28 seasonally adjusted current account of the balance of payments recorded a surplus of €17.8 bn in December 2016.
Eurozone economy grows
Europe   The 12-month cumulated current account
This is compared with surpluses of €16.2 bn in November 2016 and €11.4 bn in December 2015, according to estimates from Eurostat.

In December 2016, compared with November 2016, based on seasonally adjusted data, the surplus of the goods account increased (+€12.9 bn compared with +€10.4 bn), while the surplus of the services account dropped (+€11.2 bn compared with +€12.1 bn).

The surplus of the primary income account fell (+€0.0 bn compared with +€0.4 bn) as did the deficit of the secondary income account (-€6.3 bn compared with -€6.6 bn).

The 12-month cumulated current account for the period ending in December 2016 recorded a surplus of €199.9 bn, compared with €144.1 bn for the 12 months to December 2015.

The surplus of the goods account for the same period increased (+€148.5 bn compared with +€110.9 bn) and the deficit of the primary income account decreased (-€10.0 bn compared with -€33.2 bn).

The surplus of the services account fell (+€139.9 bn compared with +€142.9 bn) and the deficit of the secondary income account grew slightly (-€78.5 bn compared with -€76.5 bn).


 

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