EU Economy - According to the preliminary results for 2016 as a whole, the current account recorded a surplus of €364.7 billion (3.4% of euro area GDP), compared with one of €319.3 billion (3.1% of euro area GDP) in 2015.. - ECB

Press Release -  Euro area monthly balance of payments 
(December 2016)

In December 2016 the current account of the euro area recorded a surplus of €31.0 billion.[1]

In the financial account, combined direct and portfolio investment recorded net acquisitions of assets of €22 billion and net reductions of liabilities of €101 billion.

Current account

The current account of the euro area recorded a surplus of €31.0 billion in December 2016 (see Table 1). This reflected surpluses for goods (€31.7 billion), primary income (€5.3 billion) and services (€4.6 billion), which were partly offset by a deficit for secondary income (€10.6 billion).

According to the preliminary results for 2016 as a whole, the current account recorded a surplus of €364.7 billion (3.4% of euro area GDP), compared with one of €319.3 billion (3.1% of euro area GDP) in 2015 (see Table 1 and Chart 1). All the components of the current account increased. There were increases in the surpluses for goods (from €348.2 billion to €372.2 billion), services (from €58.9 billion to €69.1 billion) and primary income (from €42.1 billion to €52.4 billion), as well as a slight decrease in the deficit for secondary income (from €129.9 billion to €129.0 billion).

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