This reflected surpluses for goods (€30.2 billion), services (€9.4 billion) and primary income (€3.9 billion), which were partly offset by a deficit for secondary income (€11.5 billion).

The 12-month cumulated current account for the period ending in March 2018 recorded a surplus of €407.7 billion (3.6% of euro area GDP), compared with €375.2 billion (3.5% of euro area GDP) in the 12 months to March 2017. This development was mainly due to an increase in the surplus for services (from €41.7 billion to €103.5 billion) and, to a lesser extent, in the surplus for goods (from €355.1 billion to €358.2 billion), which were partially offset by decreases in the surpluses for primary income (from €116.8 billion to €91.0 billion) and an increase in the deficit for secondary income (from €138.4 billion to €144.9 billion).