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Euro Area Current Account Shrinks to €23 Billion Surplus in December

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Eurozone’s current account posted a surplus of €23 billion in December 2021, falling €1 billion from the prior month.

Source: European Central Bank

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Surpluses were recorded for services, €18 billion, goods, €11 billion, and primary income, €7 billion. But, the surpluses were partly offset by a deficit for a secondary income, €14 billion.

For the full year 2021, the current account posted a surplus of €310 billion, compared with a surplus of €213 billion in 2020.

That increase was largely driven by larger surpluses for services, expanding from €6 billion to €123 billion and primary income increasing from €32B to €53B.

Eurozone’s residents made net direct investments of €107 billion in non-euro area assets in 2021 after disinvestments of €15 billion in 2020.

Eurozone’s residents made purchases of non-eurozone equity, increasing to €329 billion in 2021 from €306 billion in 2020.

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