Euro area monthly balance of payments: November 2024

  • Current account recorded €27 billion surplus in November 2024, down from €30 billion in previous month
  • Current account surplus amounted to €412 billion (2.7% of euro area GDP) in the 12 months to November 2024, up from €225 billion (1.5%) one year earlier
  • In financial account, euro area residents’ net acquisitions of non-euro area portfolio investment securities totalled €620 billion and non-residents’ net acquisitions of euro area portfolio investment securities totalled €852 billion in the 12 months to November 2024

Published on the 17th of January 2025

The current account of the euro area recorded a surplus of €27 billion in November 2024, a decrease of €3 billion from the previous month (Chart 1 and Table 1). Surpluses were recorded for goods (€35 billion) and services (€12 billion). Deficits were recorded for secondary income (€14 billion) and primary income (€6 billion).

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Updated on the 17th of January 2025