Euro area monthly balance of payments: February 2026

• Current account surplus amounted to €289 billion (1.8% of euro area GDP) in the 12 months to February 2026, down from €371 billion (2.4%) one year earlier
   
• In financial account, euro area residents’ net acquisitions of non-euro area portfolio investment securities totalled €918 billion and non-residents’ net acquisitions of euro area portfolio investment securities totalled €1,013 billion in the 12 months to February 2026
   

The current account of the euro area recorded a surplus of €25 billion in February 2026, a decrease of €15 billion from the previous month (Chart 1 and Table 1). Surpluses were recorded for goods (€25 billion) and services (€16 billion), while deficits were observed for secondary income (€14 billion) and primary income (€2 billion).

Data for the current account of the euro area

In the 12 months to February 2026, the current account recorded a surplus of €289 billion (1.8% of euro area GDP), compared with a surplus of €371 billion (2.4% of euro area GDP) one year earlier. This decrease was mainly driven by a switch from a surplus (€29 billion) to a deficit (€29 billion) for primary income and, to a lesser extent, by a reduction in the surplus for services (down from €177 billion to €153 billion) and larger deficit for secondary income (up from €177 billion to €191 billion). These developments were partly offset by larger surplus for goods (up from €343 billion to €355 billion).