EU28 current account surplus €40.5 bn

05 July 2019

The EU28 seasonally adjusted current account of the balance of payments recorded a surplus of €40.5 billion (1.0% of GDP) in the first quarter of 2019, up from a surplus of €40.2 billion (1.0% of GDP) in the fourth quarter of 2018, according to estimates released by Eurostat.

In the first quarter of 2019 compared with the fourth quarter of 2018, based on seasonally adjusted data, the surpluses of the goods account (+€12.5 bn compared to +€11.3 bn), and the services account (+€48.6 bn compared to +€42.3 bn) both increased, while the deficit of the secondary income account decreased (-€20.6 bn compared to -€27.1 bn). The surplus of the primary income account fell (€0.0 bn compared to +€13.6 bn). The deficit of the capital account decreased (-€8.9 bn compared to -€54.8 bn).

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