Euro area monthly balance of payments: October 2024
Current account recorded €26 billion surplus in October 2024, down from €39 billion in previous month
Current account surplus amounted to €435 billion (2.9% of euro area GDP) in the 12 months to October 2024, up from €206 billion (1.4%) one year earlier
In financial account, euro area residents’ net acquisitions of non-euro area portfolio investment securities totalled €623 billion and non-residents’ net acquisitions of euro area portfolio investment securities totalled €741 billion in the 12 months to October 2024
Published on the 19th of December 2024
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Source: ECB.
The current account of the euro area recorded a surplus of €26 billion in October 2024, a decrease of €13 billion from the previous month (Chart 1 and Table 1). Surpluses were recorded for goods (€30 billion) and services (€15 billion). Deficits were recorded for secondary income (€15 billion) and primary income (€5 billion).
