This reflected surpluses for goods (€31.1 billion), primary income (€10.5 billion) and services (€4.5 billion), which were partly offset by a deficit for secondary income (€13.6 billion).

The 12-month cumulated current account for the period ending in November 2017 recorded a surplus of €386.1 billion (3.5% of euro area GDP), compared with one of €375.1 billion (3.5% of euro area GDP) for the 12 months to November 2016. This development was due to increases in the surpluses for services (from €43.4 billion to €73.7 billion) and primary income (from €98.7 billion to €112.6 billion). These were partly offset by a decrease in the surplus for goods (from €371.9 billion to €349.1 billion) and an increase in the deficit for secondary income (from €138.9 billion to €149.4 billion).