Current account recorded €15 billion surplus in December 2025, up from €9 billion in previous month.

• Current account surplus amounted to €255 billion (1.6% of euro area GDP) in 2025, down from €407 billion (2.7%) in 2024.
• In financial account, euro area residents’ net acquisitions of non-euro area portfolio investment securities totalled €767 billion and non-residents’ net acquisitions of euro area portfolio investment securities totalled €838 billion in 2025.

Current account recorded €9 billion surplus in November 2025, down from €27 billion in previous month.

• Current account surplus amounted to €267 billion (1.7% of euro area GDP) in the 12 months to November 2025, down from €414 billion (2.7%) one year earlier.
• In financial account, euro area residents’ net acquisitions of non-euro area portfolio investment securities totalled €844 billion and non-residents’ net acquisitions of euro area portfolio investment securities totalled €830 billion in the 12 months to November 2025.

Current account recorded €26 billion surplus in October 2025, up from €24 billion in previous month.

• Current account surplus amounted to €313 billion (2.0% of euro area GDP) in the 12 months to October 2025, down from €419 billion (2.8%) one year earlier.
• In financial account, euro area residents’ net acquisitions of non-euro area portfolio investment securities totalled €829 billion and non-residents’ net acquisitions of euro area portfolio investment securities totalled €780 billion in the 12 months to October 2025.

The euro area recorded a €28 billion current account surplus in July 2025, down from €36 billion in June, reflecting weaker external balances across several components.

• Goods posted a €25 billion surplus, services €12 billion, and primary income €7 billion, while secondary income registered a –€16 billion deficit.

• Over the 12 months to July 2025, the current account surplus narrowed to €315 billion (2.0% of GDP) from €394 billion (2.6%) a year earlier, driven by a swing in primary income (from +€41 billion to –€2 billion) and a larger secondary income deficit.

• The goods surplus eased slightly to €361 billion over the 12 months (from €363 billion), and the services surplus declined to €143 billion (from €158 billion).

• In direct investment, euro area residents made net investments of €284 billion abroad versus net disinvestments of €211 billion a year earlier, while non-residents invested €220 billion in euro area assets versus net disinvestments of €417 billion previously.

• In portfolio investment, euro area residents’ net purchases of non-euro area securities rose to €807 billion (from €532 billion a year earlier), while non-residents’ net purchases of euro area securities reached €741 billion (from €749 billion previously).

• Reserve assets of the Eurosystem increased to €1,499 billion in July, up from €1,462 billion in June, reflecting valuation gains in gold and favorable exchange rate movements.

The euro area recorded a €36 billion current account surplus in June 2025, up from €32 billion in May, supported by solid surpluses in goods, services and primary income.

• Goods posted a €23 billion surplus, services €16 billion, and primary income €14 billion, while secondary income registered a –€17 billion deficit.

• Over the 12 months to June 2025, the current account surplus narrowed to €318 billion (2.0% of GDP) from €386 billion (2.6%) a year earlier, mainly due to a swing in primary income (from +€43 billion to –€7 billion) and a larger secondary income deficit.

• Goods surplus over the same period increased to €367 billion (from €354 billion), partly offsetting a decline in the services surplus (to €144 billion from €158 billion).

• Euro area residents made €814 billion in net purchases of non-euro area portfolio securities in the 12 months to June, while non-residents bought €749 billion in euro-area portfolio instruments.

• Direct investment flows turned more positive, with euro area residents making €261 billion in net investments abroad (vs –€230 billion a year earlier) and non-residents investing €184 billion in euro-area assets (vs –€374 billion the year before).

The euro area posted a current account surplus of €32 billion in May 2025, up from €19 billion in April, driven by stronger goods and services balances.

• In May, the goods surplus increased €2 billion to €33 billion, and the services surplus increased €6 billion to €13 billion.
• In May, the primary income balance increased €5 billion to €2 billion, while the secondary income balance was unchanged at -€16 billion.
• The 12-month current account surplus narrowed to €333 billion (2.1% of GDP) from €364 billion (2.5% of GDP) a year earlier, due to a swing in primary income (from +€34B to -€5B) and a larger secondary income deficit.
• Goods surplus rose to €378 billion (from €346B), while services surplus slipped to €146 billion (from €153B).
• Euro area residents made €758 billion in net portfolio investment purchases in the 12 months to May; non-residents purchased €744 billion in euro area assets.

• Direct investment reversed, with euro area residents investing €200 billion abroad in the 12 months to May 2025 vs -€215 billion in the 12 months to May 2024.
• Non-residents invested €126 billion in the 12 months to May 2025 vs -€398 billion the 12 months to May 2024.
• Net external assets of euro area MFIs increased €417 billion over the 12-month period, supported by current account strength and portfolio inflows.

The euro area posted a current account surplus of €20 billion (vs €40.4 billion expected) in April, down from €51 billion in March, as goods and services surpluses narrowed and the secondary income deficit widened.

• The goods balance dropped from €44 billion in April to €30 billion in March as exports fell -€26 billion and imports dropped -€12 billion.
• The services and primary income balances both declined as well by -€6 billion and -€7 billion.
• The 12-month current account surplus rose to €419 billion (2.8% of GDP), up from €339 billion (2.3%) a year earlier, led by stronger goods (+€42B), services (+€24B), and primary income (+€23B).
• Euro area residents and non-residents each made €690 billion in net portfolio investment purchases in the 12 months to April.
• Direct investment saw euro area residents shift to net investments of €134 billion (vs -€192 billion YoY), while non-residents disinvested €20 billion (vs -€334 billion YoY).
• In other investment, euro area residents’ net asset acquisitions surged to €403 billion, nearly triple the amount from a year earlier.
• Net external assets of euro area MFIs increased €452 billion over the year, supported by current account strength and portfolio inflows.