Euro Area Current Account to GDP

Euro Area recorded a Current Account surplus of 1.50 percent of the countrys Gross Domestic Product in 2012. Current Account to GDP In the Euro Area is reported by the Eurostat. From 1999 until 2012, Euro Area Current Account to GDP averaged 0.1 Percent reaching an all time high of 1.5 Percent in December of 2012 and a record low of -1.5 Percent in December of 2000. The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Euro Area Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-17

Actual Previous Highest Lowest Forecast Dates Unit Frequency
1.50 0.20 1.50 -1.50 1.96 | 2013/12 1999 - 2012 Percent Yearly

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Euro Area Current Account to GDP
LIST BY COUNTRY

Trade Last Previous Highest Lowest Forecast Unit
Current Account to GDP 1.50 2012-12-31 0.20 1.50 -1.50 1.96 2013-12-31 Percent [+]
Current Account 13.87 2014-02-15 6.99 32.91 -26.95 9016.65 2014-03-31 EUR Billion [+]
Capital Flows -9.50 2014-02-15 -3.71 38.51 -38.59 -13.65 2014-03-31 EUR Billion [+]
External Debt 11964387.19 2013-09-30 12063066.12 12096481.11 5501622.07 12035655.62 2013-12-31 EUR Million [+]
Balance of Trade 13600.00 2014-02-15 800.00 21512.70 -16570.20 11122.53 2014-03-31 EUR Million [+]
Imports 139700.00 2014-02-15 147200.00 161000.70 55101.20 146643.86 2014-03-31 EUR Million [+]
Exports 153300.00 2014-02-15 148100.00 172619.60 52826.80 168371.49 2014-03-31 EUR Million [+]
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Current Account to GDP | Notes
The Current account balance as a percent of GDP provides an indication on the level of international competiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.


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Euro Area annual inflation is expected to be 0.5 percent in March of 2014, down from 0.7 percent in February, according to a flash estimate. It is the lowest rate since November of 2009.
Euro Area Trade Surplus Narrows in January  
Euro Area recorded a € 900 million trade surplus in January of 2014, compared with a € 13.8 billion surplus a month earlier, as imports surged 8.6 percent. January's reading is above the € 5.4 billion deficit recorded in the same month last year.
Euro Area Inflation Rate Back to 0.7% in February  
Euro Area annual inflation came back to a 4-year low of 0.7 percent in February of 2014, revised downwards from a preliminary 0.8 percent. On a monthly basis, prices increased 0.3 percent.
Euro Area Industrial Production Up 2.1% YoY in January  
Euro Area industrial output rose at a faster-than-expected 2.1 percent over a year earlier in January of 2014, compared with a 0.5 percent rise in the previous month. On a monthly basis, production shrank for the second straight month by 0.2 percent on falling energy output.
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