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For additional information relating to this article, please contact:

Thomas StorringDirector – Economics and Statistics
Tel: 902-424-2410Email: thomas.storring@novascotia.ca

January 17, 2025
EURO AREA CURRENT ACCOUNT, NOVEMBER 2024

Month over month (November 2024 vs October 2024, seasonally adjusted)

The European Central Bank reported today that the Euro Area:

  • Current account surplus narrowed by €3.2 billion to €27.0 billion
  • Goods trade surplus grew by €3.7 billion to €35.2 billion
  • Services trade surplus narrowed by €3.6 billion to €11.9 billion
  • Primary income deficit grew by €4.2 billion to €6.2 billion
  • Secondary income deficit narrowed by €0.9 billion to €14.0 billion

Compared with the previous month the Euro Area's exports of goods increased by 4.0% to €244.5 billion in the current month. Imports of goods increased 2.8% to €209.3 billion.   

Exports of services from the Euro Area increased by 0.3% to €120.5 billion while imports of services to the Euro Area increased 3.8% to €108.6 billion in November 2024.  

Primary income receipts for the Euro Area decreased by 2.5% to €106.1 billion while payments increased by 1.3% to €112.3 billion in November 2024. 

Secondary income receipts in the Euro Area declined by 1.3% to €15.6 billion while secondary income payments from the Euro Area decreased by 3.5% to €29.5 billion. 

Source: European Central Bank.  Press Releases Selected Current Account Data 



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