In the second quarter of 2022, the EU seasonally adjusted current account of the balance of payments recorded a deficit of €37.4 billion (-1.0% of GDP), down from a surplus of €8.8 billion (0.2% of GDP) in the first quarter of 2022.

In the second quarter of 2022 compared with the first quarter of 2022, based on seasonally adjusted data, the deficit of the goods account increased to?-€62.4 bn compared to -€21.7 bn. Decreases were observed in the surpluses of the services account (+€43.4 bn compared to +€45.6 bn) and of the primary income account (+€0.5 bn compared to +€3.9 bn). During the same period, the deficit of the capital account turned into a surplus (+€112.1 bn compared to -€1.6 bn).

Source:  Eurostat
Post by: Republic of Türkiye Ministry of Trade