EU28 current account surplus €40.9 bn

04 October 2019

The EU28 seasonally adjusted current account of the balance of payments recorded a surplus of €40.9 billion (1.0% of GDP) in the second quarter of 2019, down from a surplus of €47.4 billion (1.2% of GDP) in the first quarter of 2019.

In the second quarter of 2019 compared with the first quarter of 2019, based on seasonally adjusted data, the surplus of the goods account increased (+€32.4 bn compared to +€16.6 bn), while the surpluses of the services account (+€25.7 bn compared to +€47.3 bn) and the primary income account (+€3.5 bn compared to +€5.4 bn) both fell. The deficit of the secondary income account decreased (-€20.7 bn compared to -€21.8 bn). The deficit of the capital account grew (-€19.1 bn compared to -€9.2 bn).

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