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Thomas StorringDirector – Economics and Statistics
Tel: 902-424-2410Email:

December 29, 2022

Month over month (Oct-22 vs Sep-22, seasonally adjusted)

The European Central Bank reported recently that the Euro Area (EA19)

  • Net current account deficit narrowed by €7.7 billion to €0.4 billion
  • Net goods and services changed from a deficit (€4.3 billion) to a surplus (€9.5 billion)
  • Net primary income surplus narrowed by €6.9 billion to €1.6 billion
  • Net secondary income deficit narrowed by €0.8 billion to €11.5 billion


Net services surplus widened by €6.6 billion to €12.8 billion.

Net goods deficit narrowed by €7.3 billion to €3.3 billion

  • Goods exports decreased €1.2 billion to €255.1 billion
  • Goods imports decreased €8.4 billion to €258.3 billion




European Central Bank.  Press Releases Selected Current Account Data 



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