Current account recorded €40 billion surplus in July 2024, down from €51 billion in previous month
Current account surplus amounted to €388 billion (2.6% of euro area GDP) in the 12 months to July 2024, up from €71 billion (0.5%) one year earlier
In financial account, euro area residents’ net acquisitions of non-euro area portfolio investment securities totalled €477 billion and non-residents’ net acquisitions of euro area portfolio investment securities totalled €642 billion in the 12 months to July 2024
Published on the 19th of September 2024
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Euro area current account balance
The current account of the euro area recorded a surplus of €40 billion in July 2024, a decrease of €11 billion from the previous month (Chart 1 and Table 1). Surpluses were recorded for goods (€35 billion) and services (€19 billion). Deficits were recorded for secondary income (€13 billion) and primary income (€ 1 billion).
