France's balance of payments - 2025-08

Published on the 7th of October 2025

statistics

In August 2025, the current account balance (seasonally and working-day adjusted data) reached a surplus of EUR 1.5 billion, after a deficit of 1.9 billion in July. The deficit on trade in goods decreased to 4.2 billion, after 5.7 billion in July. Meanwhile, the surplus on trade in services increased to EUR 6.0 billion, after EUR 4.1 billion in July. On a 12-month cumulative basis, the current account balance stood at EUR - 8.1 billion, against EUR - 2.9 billion a year earlier.

In August 2025, the financial account (cumulative data over 12 months) recorded net capital inflows of EUR 79.9 billion, against net outflows of EUR 13.0 billion in August 2024. Direct investments showed net inflows of EUR 35.1 billion, compared with net outflows of EUR 34.8 billion a year earlier. Portfolio investments registered net outflows of EUR 51.2 billion, against net inflows of 48.8 billion in August 2024. Finally, net inflows from other investment reached EUR 88.3 billion, compared to net outflows of EUR 40.0 billion in August 2024.


Current account balance and its components
(billion euros, seasonally and working-day adjusted data)
Cumulated figures (over 12 months)
(EUR billions) Aug- 2024 Aug- 2025 July- 2025 Aug- 2025
Current account -2.9 -8.1 -1.9 1.5
Goods -62.0 -67.3 -5.7 -4.2
Energy -56.5 -45.3 -3.3 -3.3
Goods excl. Energy -5.6 -22.0 -2.3 -0.9
Services 51.4 59.8 4.1 6.0
Travel 15.7 18.6 1.9 1.9
Transport services 2.1 4.4 0.4 -0.1

Professional and management consulting services,
Research and development and Technical services ,
trade-related and other business services
8.4 6.9 -1.3 1.2
Other services 25.2 29.9 3.0 3.0
Income 7.7 -0.6 -0.2 -0.4
Note : Non-cumulated figures
Source and production : BANQUE DE FRANCE - DGSEI
Balance on financial transactions and its components (billions of euros, not adjusted data)
Cumulated figures (over 12 months)
(EUR billions) Aug- 2024 Aug- 2025 July- 2025 Aug- 2025
Financial account 13.0 -79.9 -15.7 -18.4
Direct investment 34.8 -35.1 -0.3 -0.8
Abroad 38.7 66.4 1.8 1.5
In France 3.9 101.5 2.1 2.3
Portfolio investment -48.8 51.2 -7.3 -38.6
Assets 199.1 305.3 34.5 -16.3
Liabilities 247.9 254.1 41.8 22.3
Financial derivatives -14.8 -12.8 -6.2 0.7
Other investment 40.0 -88.3 -2.0 20.2
Reserve assets 1.7 5.0 0.1 0.0
Note : Cumulated figures
Source and production : BANQUE DE FRANCE - DGSEI
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Balance of payments

STAT INFO - August 2025


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Updated on the 6th of October 2025