Euro area monthly balance of payments: March 2025

  • Current account recorded €51 billion surplus in March 2025, up from €41 billion in previous month
  • Current account surplus amounted to €438 billion (2.9% of euro area GDP) in the 12 months to March 2025, up from €312 billion (2.1%) one year earlier
  • In financial account, euro area residents’ net acquisitions of non-euro area portfolio investment securities totalled €698 billion and non-residents’ net acquisitions of euro area

Published on the 20th of May 2025

Image Chart 1
Source: ECB.

The current account of the euro area recorded a surplus of €51 billion in March 2025, an increase of €10 billion from the previous month (Chart 1 and Table 1). Surpluses were recorded for goods (€44 billion), services (€13 billion) and primary income (€7 billion). These were partly offset by a deficit for secondary income (€13 billion).

Updated on the 21st of May 2025