European Union Current Account n.s.a.

Country:
European Union
EUR, Euro
Sector:
Trade
Low €40.7 B €45.9 B
€31.6 B
Last release Importance Actual Forecast
Previous
€26.8 B
€40.7 B
Next release Actual Forecast
Previous
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The current account is an important part of a country's balance of payments. The balance of payments systematically records all economic transactions between residents and non-residents over a defined period, usually one year. On the one hand, the current account shows whether the volume of payment flows has increased and whether there is a surplus or deficit in the balance of payments. These are important indicators of an economy and also of the EU.

The current account balance combines four other balances: the trade balance (imports and exports of goods), the services balance (travel, transport and insurance transactions), the transfer balance (remittances from employees, international organizations to or from other countries, development aid) and the income balance (wages, salaries, interest and dividends).

This means that this balance sheet compared to the of the balance of payments, the most comprehensive one of the balance sheets, does not include cash flows from capital imports and capital exports and fluctuations in gold and foreign exchange reserves. In this way, the European Union's current account provides meaningful information on its external economic relations.

A current account surplus increases net external assets and leads to an increase in capital exports in the form of an increase in external assets in the capital account. Some economists interpret this as a sign of weakness, others as its strength. In the case of a current account deficit, this is exactly the opposite. Furthermore, long-lasting, rising external imbalances are seen as causes of financial crises.

These figures are not seasonally and calendar day adjusted, so they show the typical seasonal patterns.

In general, however, values that exceed expectations are regarded as positive for the EUR and negative if they are below expectations.

Last values:

actual data

forecast

The chart of the entire available history of the "European Union Current Account n.s.a." macroeconomic indicator. The dashed line shows the forecast values ​​of the economic indicator for the specified dates.

A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values ​​of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.

Date (GMT)
Reference
Actual
Forecast
Previous
Mar 2020
€40.7 B
€45.9 B
€31.6 B
Feb 2020
€33.8 B
€19.4 B
€10.5 B
Jan 2020
€8.7 B
€20.5 B
€51.2 B
Dec 2019
€51.2 B
€42.4 B
€35.2 B
Nov 2019
€36.6 B
€29.1 B
€44.4 B
Oct 2019
€41 B
€26.7 B
€35.8 B
Sep 2019
€35.8 B
€23.4 B
€27.6 B
Aug 2019
€25.7 B
€17.6 B
€31.4 B
Jul 2019
€29.8 B
€26.2 B
€23.1 B
Jun 2019
€23.1 B
€18.9 B
€13.5 B
May 2019
€13.3 B
€-5.4 B
€20.7 B
Apr 2019
€19.2 B
€10.6 B
€35.1 B
Mar 2019
€35.1 B
€34.5 B
€16.7 B
Feb 2019
€15.5 B
€17.2 B
€10.6 B
Jan 2019
€9.3 B
€1.4 B
€33 B
Dec 2018
€33 B
€36.2 B
€25.6 B
Nov 2018
€23.2 B
€28.7 B
€30.4 B
Oct 2018
€26.6 B
€26.2 B
€24.7 B
Sep 2018
€24.1 B
€32.9 B
€20.9 B
Aug 2018
€20.5 B
€30 B
Jul 2018
€31.9 B
€28.8 B
Jun 2018
€28.5 B
€6.6 B
May 2018
€4.6 B
€29.6 B
Apr 2018
€26.2 B
€41.3 B
Mar 2018
€40.6 B
€24.2 B
Feb 2018
€22.7 B
€12.6 B
Jan 2018
€12.8 B
€46.8 B
Dec 2017
€45.8 B
€40.1 B
Nov 2017
€37.8 B
€35.4 B
Oct 2017
€35.9 B
€43.2 B
Sep 2017
€41.8 B
€30.8 B
Aug 2017
€29.6 B
€37.1 B
Jul 2017
€32.5 B
€29.8 B
Jun 2017
€28.1 B
€17.9 B
May 2017
€18.3 B
€22.8 B
Apr 2017
€21.5 B
€46.4 B
Mar 2017
€44.8 B
€27.8 B
Feb 2017
€27.9 B
€3.1 B
Jan 2017
€2.5 B
€46.9 B
Dec 2016
€47 B
€40.8 B
Nov 2016
€40.5 B
€32.6 B
Oct 2016
€32.8 B
€32.2 B
Sep 2016
€29.8 B
€22.9 B
Aug 2016
€23.6 B
€33.8 B
Jul 2016
€31.5 B
€39.1 B
Jun 2016
€37.6 B
€16.5 B
May 2016
€15.4 B
€36.1 B
Apr 2016
€34 B
€31.3 B
Mar 2016
€32.3 B
€11.2 B
Feb 2016
€11.1 B
€8.3 B

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