Euro area monthly balance of payments: July 2025

  • Current account recorded €28 billion surplus in July 2025, down from €36 billion in previous month
  • Current account surplus amounted to €315 billion (2.0% of euro area GDP) in the 12 months to July 2025, down from €394 billion (2.6%) one year earlier
  • In financial account, euro area residents’ net acquisitions of non-euro area portfolio investment securities totalled €807 billion and non-residents’ net acquisitions of euro area portfolio investment securities totalled €741 billion in the 12 months to July 2025

Published on the 18th of September 2025

The current account of the euro area recorded a surplus of €28 billion in July 2025, a decrease of €8 billion from the previous month (Chart 1 and Table 1). Surpluses were recorded for goods (€25 billion), services (€12 billion) and primary income (€7 billion). These were partly offset by a deficit for secondary income (€16 billion).

Updated on the 18th of September 2025