This development was due to increases in the surpluses for services (from €39.0 billion to €80.9 billion) and primary income (from €95.3 billion to €112.8 billion). These were partly offset by a decrease in the surplus for goods (from €373.0 billion to €348.2 billion) and an increase in the deficit for secondary income (from €139.7 billion to €150.5 billion).
Eurozone Current Account recorded surplus of €29.9 billion
- Monday, Feb 19 2018
The current account of the euro area recorded a surplus of €29.9 billion in December 2017. This reflected surpluses for goods (€30.9 billion), services (€7.3 billion) and primary income (€3.7 billion), which were partly offset by a deficit for secondary income (€12.0 billion). According to the preliminary results for 2017 as a whole, the current account recorded a surplus of €391.4 billion (3.5% of euro area GDP), compared with one of €367.6 billion (3.4% of euro area GDP) in 2016.