Euro Area recorded a Current Account surplus of 2.50 percent of the country’s Gross Domestic Product in 2021. Current Account to GDP in the Euro Area averaged 0.87 percent of GDP from 1999 until 2021, reaching an all time high of 3.20 percent of GDP in 2017 and a record low of -1.80 percent of GDP in 2008. The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides – Euro Area Current Account to GDP – actual values, historical data, forecast, chart, statistics, economic calendar and news.
source: tradingeconomics.com
