Italy Current Account to GDP

Italy recorded a Current Account deficit of 0.70 percent of the countrys Gross Domestic Product in 2012. Current Account to GDP in Italy is reported by the Eurostat. From 1980 until 2012, Italy Current Account to GDP averaged -1.0 Percent reaching an all time high of 3.2 Percent in December of 1996 and a record low of -3.7 Percent in December of 1980. 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 - Italy Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-25

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-0.70 -3.30 3.20 -3.70 0.87 | 2013/12 1980 - 2012 Percent Yearly

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Italy Current Account to GDP
LIST BY COUNTRY

Trade Last Previous Highest Lowest Forecast Unit
Current Account to GDP -0.70 2012-12-31 -3.30 3.20 -3.70 0.87 2013-12-31 Percent [+]
Capital Flows -5394.40 2014-02-15 7181.90 27962.30 -15242.10 103.18 2014-03-31 EUR Million [+]
External Debt 742564.00 2013-12-31 746416.00 838388.00 524899.00 747636.64 2014-03-31 EUR Million [+]
Remittances 120.00 2013-11-15 135.00 135.00 54.00 128.33 2014-03-31 EUR Million [+]
Terms of Trade 100.80 2014-02-15 102.50 113.90 91.40 100.59 2014-03-31 Index Points [+]
Current Account 298.00 2014-02-15 -1255.00 19332.70 -11387.00 700.77 2014-03-31 EUR Million [+]
Balance of Trade 2622.85 2014-02-15 360.00 6382.91 -6389.31 2311.14 2014-03-31 EUR Million [+]
Exports 31809.03 2014-02-15 29987.95 38136.48 5946.40 34132.96 2014-03-31 EUR Million [+]
Imports 29186.18 2014-02-15 29626.00 38526.50 5285.80 30381.84 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.


RELATED NEWS

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Italian consumer prices slowed to 0.4 percent year-on-year in March of 2014, the lowest rate since October of 2009 and matching the initial estimates. On a monthly basis, the inflation rate accelerated to 0.1 percent, up from a 0.1 percent fall in February.
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In March of 2014, annual consumer prices are expected to slow to 0.4 percent, down from 0.5 percent in the previous month and reaching the lowest rate since October of 2009. The slowdown was mainly due to a fall in prices of energy products and unprocessed food.
Italy Posts Trade Surplus in January  
Italy’s trade balance turned into a € 365 million surplus in January of 2014 compared with a € 1810 million deficit in the same period last year, as imports fell and exports rose slightly. Compared with the previous month, the trade surplus narrowed 89 percent.
Italy Inflation Confirmed at 0.5% in February  
Italian inflation rate rose at its lowest pace in four years of 0.5 percent in February of 2014, confirming the preliminary estimates. The slowdown was mainly due to volatile components, such as unprocessed food and energy.
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Italian economy returned to growth in the last three months of 2013. Final estimates confirmed the GDP advanced 0.1 percent on a quarter-on-quarter basis, driven by exports and a marginal recovery in investments.
Italy’s Unemployment Rate Up to New Record High  
In January of 2014, Italian jobless rate rose to a new record high of 12.9 percent, up from 12.7 percent in the last month of 2013. The January rate is the highest since the data series began in 1977.
Italian Inflation Falls to 4-Year-Low of 0.5% in February  
In February, Italy's consumer price index rose by 0.5 percent with respect to February of 2013, its slowest pace since October of 2009. The slowdown was mainly driven by lower prices of energy and fresh food.
Italy’s Inflation Confirmed at 0.7% in January  
In January of 2014, the Italian consumer price index rose by 0.2 percent compared with the previous month and by 0.7 percent with respect to January of 2013, the same annual rate of December. Final data confirms the provisional estimates.
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