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February 19, 2025EURO AREA CURRENT ACCOUNT, DECEMBER AND ANNUAL 2024 Month over month (December 2024 vs November 2024, seasonally adjusted)
The European Central Bank reported today that the Euro Area:
- Current account surplus widened by €13.3 billion to €38.4 billion
- Goods trade surplus narrowed by €1.4 billion to €33.4 billion
- Services trade surplus widened by €6.9 billion to €18.1 billion
- Primary income increased €10.5 billion and changed from a deficit to a surplus of €4.3 billion
- Secondary income deficit widened by €2.7 billion to €17.4 billion
Euro Area's exports of goods decreased by 0.4% to €243.1 billion. Imports of goods increased 0.3% to €209.7 billion.
Exports of services from the Euro Area increased by 4.4% to €126.1 billion while imports of services to the Euro Area decreased 1.5% to €108.0 billion in December 2024.
Primary income receipts for the Euro Area decreased by 0.5% to €105.6 billion while payments decreased by 9.9% to €101.3 billion in December 2024.
Secondary income receipts in the Euro Area declined by 9.6% to €13.9 billion while secondary income payments from the Euro Area increased by 4.0% to €31.3 billion.
ANNUAL (2024 VS 2023)
Annually, the European Central Bank reported that the Euro Area (EA20)
- Current account surplus increased by €178.3 billion to €419.1 billion.
- Goods trade surplus increased by €134.1 billion to €389.9 billion.
- Services trade surplus increased by €39.8 billion to €162.4 billion.
- Primary income surplus declined by €0.2 billion to €31.9 billion.
- Secondary income deficit narrowed by €4.6 billion to €165.1 billion.
Source: European Central Bank. Press Releases | Selected Current Account Data
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