Fourth Quarter of 2022 EU Current Account Surplus €10.5 bn

05 April 2023

In the fourth quarter of 2022, the EU seasonally adjusted current account of the balance of payments recorded a surplus of €10.5 billion (0.3% of GDP), compared with a deficit of €80.4 billion (-2.0% of GDP) in the third quarter of 2022 and a surplus of €67.2 billion (+1.8% of GDP) in the fourth quarter of 2021, according to estimates released by Eurostat, the statistical office of the European Union. In the fourth quarter of 2022 compared with the third quarter of 2022, based on seasonally adjusted data, the deficit of the goods account decreased to-€17.5 bn compared to -€74.1 bn) and the surplus of the services account increased to+€64.2 bn compared to +€20.6 bn). The deficit of the primary income account increased (-€11.3 bn compared to -€5.5 bn), as did the deficit of the secondary income account (-€25.0 bn compared to -€21.5 bn). During the same period, the deficit of the capital account decreased (-€1.0 bn compared to -€7.1 bn).
Post by: Republic of Türkiye Ministry of Trade