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    Home » Eurozone Account Surplus Widens in 2021 Even With December Contraction
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    Eurozone Account Surplus Widens in 2021 Even With December Contraction

    February 18, 20221 Min Read
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    The eurozone current account surplus narrowed slightly in December 2021 amid a deficit in secondary income during the month.

     

    • The current account surplus stood at €23 billion in December, down from the €24 billion recorded in November and the €33 billion recorded in the comparable period of 2020.

     

    • Secondary income recorded a €14-billion deficit, while services recorded an €18-billion surplus, goods with an €11-billion surplus, and primary income with a €7-billion surplus.

     

    • The latest figures brought the full-year 2021 current account balance to a €310-billion surplus, wider than the €213-billion surplus the previous year. Credit was recorded at €4.382-trillion, and debit at €4.073 trillion.

     

    • Surpluses were recorded in goods with €296 billion, services with €123 billion, and primary income with €53 billion. Secondary income posted the sole deficit for the full year, with -€163 billion.

     

    Euro area residents’ net acquisitions of non-euro portfolio investments for the year stood at €752 billion, while those of non-residents’ were €240 billion.

     

    EZU closed down 1.66%, while VGK was down 0.77% after hours.

    Source: European Central Bank

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