• Eurozone сurrent account surplus grows in December

Market news

19 February 2020

Eurozone сurrent account surplus grows in December

According to the report from European Central Bank, in December 2019 the current account of the euro area recorded a surplus of €33 billion, compared with a surplus of €32 billion in November 2019.

According to preliminary results for 2019 as a whole, the current account recorded a surplus of €362 billion (3.1% of euro area GDP), compared with a surplus of €359 billion (3.1% of euro area GDP) in 2018.

In the financial account, euro area residents made net acquisitions of foreign portfolio investment securities totalling €343 billion in 2019 (up from €202 billion in 2018). Over the same period, non-residents made net acquisitions of euro area portfolio investment securities amounting to €352 billion (in comparison with net sales of €5 billion in 2018).

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