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Euro Area Current Account to GDP Ratio

The Euro Area's current account to GDP ratio reached 2.7% in 2024. This is its highest level since 2021. The ratio was 1.7% in 2023. A larger surplus in goods which grew from €256 billion to €390 billion, drove this increase. A widening surplus in services, increasing from €123 billion to €162 billion, also contributed. A smaller deficit in secondary income further improved the overall balance. Euro Area's record low current account to GDP was -1.8% in 2008 and record high was 3.4% in 2017.

Yearly Historical Data (1999-2024)

(in %)
Year Current Account to GDP Ratio
2024 2.7%
2023 1.7%
2022 -0.1%
2021 2.8%
2020 1.8%
2019 2.4%
2018 3%
2017 3.4%
2016 3.3%
2015 2.9%
2014 2.3%
2013 2.1%
2012 1%
2011 -0.4%
2010 -0.3%
2009 -0.3%
2008 -1.8%
2007 0%
2006 -0.2%
2005 0.1%
2004 0.7%
2003 0.2%
2002 0.6%
2001 -0.4%
2000 -1.5%
1999 -0.5%
Euro Area Current Account to GDP Ratio : Definition
The euro area current account to GDP shows the euro area's net lending or borrowing as a percentage of its total economic output. It is calculated by dividing the current account balance which includes trade in goods and services, primary income and secondary income, by the GDP.
Indicator Last Value Prior Value Period
Debt to GDP Ratio 87.1% 87% Dec'24
Interest Rate 2.15% 2.15% Sep'25
Private Credit (% GDP) 77.8% 80.15% 2024