EU current account surplus in Q4 was €107.9B, or 2.5% of GDP, compared with a surplus of €86.2B in Q3 and a surplus of €24.3B in Q4 2022: Eurostat

LUXEMBOURG , April 9, 2024 (press release) –

€62.3 bn surplus for trade in services

Overview
In the fourth quarter of 2023, the EU seasonally adjusted current account of the balance of payments recorded a surplus of €107.9 billion (+2.5% of GDP), compared with a surplus of €86.2 billion (+2.0% of GDP) in the third quarter of 2023 and a surplus of €24.3 billion (+0.6% of GDP) in the fourth quarter of 2022, according to estimates released by Eurostat, the statistical office of the European Union.

EU current and capital accounts
In the fourth quarter of 2023 compared with the third quarter of 2023, based on seasonally adjusted data

• the surplus of the goods account decreased (+€63.9 bn compared to +€76.1 bn),
• the surplus of the services account increased (+€62.3 bn compared to +€24.4 bn),
• the surplus of the primary income account decreased (+€4.6 bn compared to +€8.6 bn) and
• the deficit of the secondary income account decreased (-€22.9 bn compared to -€23.0 bn).

In addition, during the same period, the deficit of the capital account increased (-€10.5 bn compared to -€0.3 bn).

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