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February 17, 2023EURO AREA CURRENT ACCOUNT, DECEMBER & ANNUAL 2022 Month over month (Dec-22 vs Nov-22, seasonally adjusted)
The European Central Bank reported that the Euro Area (EA19)
- Net current account surplus widened by €3.1 million to €15.9 billion.
- Net goods and services surplus narrowed by €3.1 billion to €22.3 billion.
- Net primary income surplus widened by €4.4 billion to €6.6 billion.
- Net secondary income deficit narrowed by €1.8 billion to €12.9 billion.
Net services surplus narrowed by €3.5 billion to €14.0 billion.
Net goods surplus widened by €0.4 billion to €8.2 billion. Goods exports decreased €12.6 billion to €246.2 billion. Goods imports decreased €13.0 billion to €238.0 billion.
ANNUAL 2022
The European Central Bank reported that the Euro Area (EA19)
- Net current account balance changed from a surplus of €281.8 billion in 2021 to a deficit of €105.9 billion in 2022.
- Net goods and services surplus narrowed by €326.0 billion to €53.2 billion.
- Net primary income surplus narrowed by €56.1 billion to €7.1 billion.
- Net secondary income deficit widened by €5.7 billion to €166.2 billion.
Net services surplus widened by €21.6 billion to €113.7 billion in 2022.
Net goods balance changed from a surplus of €287.0 billion in 2021 to a deficit of €60.5 billion in 2022. Goods exports increased €424.6 billion to €2,917.7 billion. Goods imports increased €772.1 billion to €2,978.2 billion.
REFERENCE
European Central Bank. Press Releases | Selected Current Account Data
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