13/2017 - 19 January 2017
First estimate for November 2016
EU28 current account surplus €15.8 bn€11.8 bn surplus for trade in services
The EU28 seasonally adjusted current account of the balance of payments recorded a surplus of €15.8 bn in November 2016, compared with surpluses of €15.0 bn in October 2016 and €10.1 bn in November 2015, according to estimates from Eurostat, the statistical office of the European Union.
In November 2016, compared with October 2016, based on seasonally adjusted data, the surplus of the goods account increased (+€10.3 bn compared with +€7.0 bn), while the surplus of the services account dropped (+€11.8 bn compared with +€13.6 bn). The surplus of the primary income account fell (+€0.3 bn compared with +€0.9 bn) and the deficit of the secondary income account grew slightly (-€6.5 bn compared with -€6.4 bn).
The 12-month cumulated current account for the period ending in November 2016 recorded a surplus of €193.0 bn, compared with €145.8 bn for the 12 months to November 2015. The surplus of the goods account for the same period increased (+€148.7 bn compared with +€103.1 bn) and the deficit of the primary income account decreased (-€17.1 bn compared with -€25.7 bn). The surplus of the services account fell (+€139.8 bn compared with +€144.3 bn) and the deficit of the secondary income account grew slightly (-€78.4 bn compared with -€76.0 bn).
These data are subject to revision.
EU28 and euro area current account balance, seasonally adjusted, bn €40
35
30
25
20
15
10
5
0
-5
EU28
EA19
Balance of payments euro-indicators for the EU28 - monthly data, seasonally adjusted (bn €)Nov 15 | Dec 15 | Jan 16 | Feb 16 | Mar 16 | Apr 16 | May 16 | Jun 16 | Jul 16 | Aug 16 | Sep 16 | Oct 16 | Nov 16 | |
EU28 current account balance | 10.1 | 11.3 | 17.5 | 12.5 | 18.3 | 16.4 | 16.5 | 16.8 | 14.6 | 17.2 | 21.0 | 15.0 | 15.8 |
Balance of trade in goods | 10.5 | 13.4 | 13.6 | 9.0 | 15.1 | 13.5 | 13.4 | 13.1 | 11.9 | 13.3 | 15.2 | 7.0 | 10.3 |
Balance of trade in services | 12.9 | 11.5 | 10.7 | 11.4 | 11.7 | 10.4 | 11.0 | 11.6 | 10.7 | 12.7 | 12.7 | 13.6 | 11.8 |
Balance of primary income | -6.5 | -7.3 | -0.4 | -0.3 | -1.8 | -0.8 | -1.8 | -1.5 | -1.7 | -2.1 | -0.6 | 0.9 | 0.3 |
Balance of secondary income | -6.9 | -6.3 | -6.5 | -7.6 | -6.7 | -6.6 | -6.1 | -6.5 | -6.2 | -6.7 | -6.3 | -6.4 | -6.5 |
Source: Eurostat
EU28 current account - seasonally adjusted (bn €)Nov 2015 | Jul 2016 | Aug 2016 | Sep 2016 | Oct 2016 | Nov 2016 | |||||||
Credit | Debit | Credit | Debit | Credit | Debit | Credit | Debit | Credit | Debit | Credit | Debit | |
CURRENT ACCOUNT | 274.8 | 264.7 | 261.6 | 246.9 | 266.1 | 248.9 | 267.4 | 246.4 | 267.6 | 252.6 | 273.4 | 257.6 |
- Goods | 149.2 | 138.7 | 144.1 | 132.2 | 145.5 | 132.2 | 146.7 | 131.5 | 146.3 | 139.3 | 150.9 | 140.6 |
- Services | 70.1 | 57.2 | 64.3 | 53.5 | 66.9 | 54.2 | 67.1 | 54.4 | 67.1 | 53.5 | 67.7 | 55.9 |
- Primary income | 48.3 | 54.7 | 46.2 | 47.9 | 46.3 | 48.4 | 46.5 | 47.1 | 47.4 | 46.5 | 48.0 | 47.7 |
- Secondary income | 7.3 | 14.1 | 7.1 | 13.3 | 7.3 | 14.0 | 7.1 | 13.4 | 6.9 | 13.2 | 6.8 | 13.3 |
Source: Eurostat
Balance of payments euro-indicators for the euro area - monthly data, seasonally adjusted (bn €)Nov 15 | Dec 15 | Jan 16 | Feb 16 | Mar 16 | Apr 16 | May 16 | Jun 16 | Jul 16 | Aug 16 | Sep 16 | Oct 16 | Nov 16 | |
EA19 current account balance | 26.0 | 24.9 | 30.1 | 25.5 | 29.3 | 34.3 | 30.8 | 30.0 | 30.1 | 29.5 | 29.3 | 28.3 | 36.1 |
Balance of trade in goods | 29.9 | 29.8 | 29.5 | 27.4 | 32.4 | 32.5 | 31.9 | 33.0 | 29.5 | 32.6 | 34.6 | 25.9 | 30.9 |
Balance of trade in services | 4.9 | 4.4 | 4.8 | 6.1 | 6.2 | 4.2 | 4.2 | 4.5 | 6.0 | 6.7 | 7.4 | 8.9 | 4.8 |
Balance of primary income | 2.7 | 0.0 | 4.3 | 2.3 | 1.3 | 5.5 | 3.9 | 2.4 | 4.3 | 2.9 | 1.7 | 6.3 | 12.1 |
Balance of secondary income | -11.5 | -9.4 | -8.5 | -10.3 | -10.6 | -8.0 | -9.3 | -9.9 | -9.7 | -12.8 | -14.4 | -12.9 | -11.7 |
Source: European Central Bank
Geographical coverage
The European Union (EU28) includes Belgium, Bulgaria, the Czech Republic, Denmark, Germany, Estonia, Ireland, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Hungary, Malta, the Netherlands, Austria, Poland, Portugal, Romania, Slovenia, Slovakia, Finland, Sweden and the United Kingdom.
The euro area (EA19) includes Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland.
Methods and definitions
The current account covers all transactions occurring between resident and non-resident entities, and refers to international trade in goods and services, as well as primary and secondary income.
In line with the agreed allocation of responsibility, the European Central Bank (ECB) is in charge of compiling and disseminating monthly and quarterly balance of payments and quarterly international investment position statistics for the euro area, while the European Commission (Eurostat) focuses on monthly, quarterly and annual aggregates of the EU. The aggregates for the euro area and the EU are compiled consistently on the basis of Member States' transactions with residents of countries outside the euro area and the European Union respectively.
Revisions and time table
The EU balance of payments estimates for the reference month are based on figures provided by the Member States to Eurostat 44 days after the end of the reference month, and should be considered as provisional. Figures may be subject to revision when data for later months are transmitted by the Member States.
For more information
Eurostat website section on balance of payments Eurostat metadata on balance of payments statistics Eurostat database section on balance of payments
Eurostat Statistics Explained article on balance of payments ECB statistics on balance of payments data
Eurostat €-indicators release calendar
Issued by: Eurostat Press Office
Vincent BOURGEAIS Tel: +352-4301-33 444eurostat-pressoffice@ec.europa.eu
ec.europa.eu/eurostat/
For further information on data:
Olaf NOWAK Tel: +352-4301-38590ESTAT-BOP@ec.europa.eu
@EU_Eurostat
Media requests: Eurostat media support / Tel: +352-4301-33 408 / eurostat-mediasupport@ec.europa.eu Current account balances - national data (intra-EU28 + extra-EU28) - not calendar and seasonally adjusted (bn €)Nov 15 | Dec 15 | Jan 16 | Feb 16 | Mar 16 | Apr 16 | May 16 | Jun 16 | Jul 16 | Aug 16 | Sep 16 | Oct 16 | Nov 16 | |
Belgium | -0.70 | 2.36 | 0.66 | -0.03 | 0.46 | -0.67 | -1.14 | 0.49 | -0.14 | -0.80 | 1.69 | -0.89 | -0.47 |
Bulgaria | -0.36 | -0.28 | 0.16 | -0.01 | 0.14 | -0.12 | 0.00 | 0.66 | 0.48 | 0.54 | 0.40 | -0.05 | 0.12 |
Czech Republic | 0.18 | 0.14 | 1.26 | 1.58 | 1.22 | -0.06 | 0.05 | -0.48 | -0.86 | -0.12 | 0.15 | 0.63 | 0.17 |
Denmark | 1.93 | 1.82 | 1.41 | 1.59 | 0.15 | 1.93 | 2.09 | 2.15 | 2.10 | 1.74 | 2.28 | 1.81 | 2.47 |
Germany | 25.37 | 25.92 | 14.16 | 20.90 | 29.64 | 28.09 | 18.40 | 26.32 | 19.84 | 17.36 | 24.45 | 19.40 | 24.59 |
Estonia | 0.04 | 0.01 | -0.03 | -0.02 | -0.03 | 0.02 | 0.05 | 0.08 | 0.07 | 0.12 | 0.10 | 0.04 | 0.08 |
Ireland | c | c | c | c | c | c | c | c | c | c | c | c | c |
Greece | -1.17 | -0.78 | -0.77 | -0.83 | -0.77 | -0.87 | -0.46 | 0.91 | 1.36 | 1.73 | 0.93 | -0.20 | -1.19 |
Spain | 2.08 | 3.01 | -0.66 | -1.05 | 1.11 | 2.62 | 2.33 | 1.83 | 2.95 | 3.01 | 1.50 | 2.01 | c |
France | -3.32 | 3.14 | -5.50 | -9.02 | -1.56 | -1.76 | -1.70 | 0.87 | 0.66 | -5.60 | -0.13 | -5.45 | 0.29 |
Croatia | -0.02 | -0.37 | -0.44 | -0.56 | -0.59 | -0.25 | -0.09 | 0.50 | 1.57 | 1.52 | 0.24 | c | c |
Italy | 3.22 | 5.41 | -1.73 | 1.60 | 2.79 | 4.29 | 3.23 | 4.08 | 8.60 | 3.17 | 3.82 | 6.09 | 4.64 |
Cyprus | c | c | c | c | c | c | c | c | c | c | c | c | c |
Latvia | 0.05 | -0.04 | 0.09 | 0.11 | -0.05 | 0.03 | 0.01 | -0.08 | -0.01 | 0.01 | 0.09 | 0.02 | 0.06 |
Lithuania | 0.10 | 0.11 | 0.06 | 0.01 | -0.10 | -0.10 | -0.15 | -0.15 | -0.04 | -0.01 | 0.03 | 0.25 | 0.21 |
Luxembourg | 0.20 | 0.89 | 0.11 | 0.32 | 0.09 | 0.05 | -1.03 | 1.07 | -0.18 | 0.05 | 0.55 | 0.32 | 0.25 |
Hungary | 0.03 | 0.45 | 0.23 | 0.53 | 0.66 | 0.68 | 0.30 | 0.61 | 0.31 | 0.20 | 0.72 | 0.31 | 0.30 |
Malta | 0.06 | -0.08 | 0.13 | 0.11 | -0.15 | 0.03 | 0.05 | -0.02 | 0.32 | 0.01 | 0.01 | 0.07 | 0.11 |
Netherlands | c | c | c | c | c | c | c | c | c | c | c | c | c |
Austria | c | c | c | c | c | c | c | c | c | c | c | c | c |
Poland | 0.03 | -0.85 | 0.77 | -0.53 | 0.05 | 0.69 | 1.39 | -0.72 | -0.99 | -0.74 | -0.45 | -0.53 | -0.43 |
Portugal | -0.08 | -0.20 | -0.37 | -0.42 | 0.40 | -0.01 | -0.93 | -0.21 | 1.05 | 0.49 | 0.21 | 0.82 | -0.15 |
Romania | -0.35 | -0.87 | 0.23 | -0.33 | -0.15 | -0.59 | -0.80 | -0.22 | -0.25 | -0.41 | -0.01 | -0.40 | -0.40 |
Slovenia | 0.21 | 0.03 | 0.23 | 0.16 | 0.32 | 0.23 | 0.21 | 0.31 | 0.21 | 0.15 | 0.38 | 0.29 | 0.14 |
Slovakia | -0.05 | 0.25 | 0.00 | 0.01 | -0.12 | 0.00 | 0.05 | 0.09 | -0.28 | -0.13 | 0.17 | 0.15 | -0.02 |
Finland | 0.06 | 0.03 | -0.23 | 0.04 | -0.21 | -0.83 | -0.43 | -0.23 | -0.26 | 0.02 | 0.26 | 0.25 | 0.20 |
Sweden | 1.87 | 2.87 | 2.06 | 2.60 | 2.23 | 0.52 | 0.78 | 2.56 | 1.93 | 1.47 | 2.52 | 1.81 | 2.09 |
United Kingdom | c | c | c | c | c | c | c | c | c | c | c | c | c |
Former Yug. Rep. of Macedonia | -0.03 | -0.07 | 0.02 | -0.02 | -0.04 | -0.09 | -0.07 | -0.03 | 0.07 | 0.03 | 0.03 | -0.01 | : |
Serbia | -0.09 | -0.24 | 0.02 | -0.11 | -0.16 | -0.03 | -0.01 | -0.24 | -0.04 | -0.11 | -0.15 | -0.09 | -0.04 |
Source: Eurostat c confidential
: not available
EUROSTAT - European Union Statistical Office published this content on 19 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 19 January 2017 10:06:04 UTC.
Original documenthttp://ec.europa.eu/eurostat/documents/2995521/7820550/2-19012017-AP-EN.pdf/ab580c1e-f94c-40eb-8ff6-7073c90a67fb
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