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Eurozone Current Account Surplus Rose to €337 billion By 2nd Quarter of 2021

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Еру map of Europe on euro coin, macro photo

The current account surplus was €337 billion in four quarters to the second quarter of 2021, up from €200 billion a year earlier.

Source: European Central Bank

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The increase reflected a shift in the services balance from a deficit of €23 billion to a surplus of €79 billion and an expanded surplus for goods.

The developments in services were largely attributable to a decline in the deficit for other business services from €163 billion to €35 billion.

Investment income in the euro area also triggered a decrease in the primary income from €43 billion to €14 billion.

The United Kingdom had the largest bilateral current account surpluses with the euro area at €176 billion and the United States (€74 billion), while the largest deficit was with China €66 billion.

The international investment position showed net liabilities of €576 billion (4.9% of euro area GDP at the close of the second quarter of 2021.

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