Euro area monthly balance of payments: December 2025

  • Current account recorded €15 billion surplus in December 2025, up from €9 billion in previous month
  • Current account surplus amounted to €255 billion (1.6% of euro area GDP) in 2025, down from €407 billion (2.7%) in 2024
  • In financial account, euro area residents’ net acquisitions of non-euro area portfolio investment securities totalled €767 billion and non-residents’ net acquisitions of euro area portfolio investment securities totalled €838 billion in 2025

Published on 19th of February 2026

Chart 1
Euro area current account balance


(EUR billions unless otherwise indicated; working day and seasonally adjusted data)

image Image Euro area current account balance between 2019 and 2025 Thématique ECB Balance of payments Catégorie ECB press release
Source: ECB

The current account of the euro area recorded a surplus of €15 billion in December 2025, an increase of €6 billion from the previous month (Chart 1 and Table 1). Surpluses were recorded for goods (€20 billion) and services (€14 billion). Deficits were recorded for secondary income (€16 billion) and primary income (€ 4 billion).

Updated on the 19th of February 2026