EU28 current account surplus €63.5 bn

10 April 2018

The EU28 seasonally adjusted current account of the balance of payments recorded a surplus of €63.5 billion (1.6% of GDP) in the fourth quarter of 2017, according to estimatesreleased by Eurostat.

In the fourth quarter of 2017 compared with the third quarter of 2017, based on seasonally adjusted data, the surplus of the goods account increased (+€40.9 bn compared to +€40.3 bn), while the surplus of the services account decreased (+€49.7 bn compared to +€50.1 bn). The primary income account turned from balance into a deficit (-€4.1 bn compared to €0.0 bn). The deficit of the secondary income account increased slightly (-€23.0 bn compared to -€22.9 bn), while the deficit of the capital account decreased (-€3.9 bn compared to -€6.4 bn).

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