Euro area current account surplus narrowed to €265 billion over four quarters
The ECB’s 2 October release put the euro area current account surplus at €265 billion, or 1.6% of GDP, over the four quarters to Q2 2026, down from €304 billion and 1.9% a year earlier. Net international investment assets stood at €1.94 trillion at Q2-end.
Event / data period: 2026-06
Published: · Updated:
The ECB reported a €265 billion euro area current account surplus over the four quarters to Q2 2026, equal to 1.6% of GDP. The comparable total a year earlier was €304 billion, or 1.9%. The goods surplus narrowed from €318 billion to €288 billion, while the secondary-income deficit widened from €172 billion to €199 billion; the services surplus remained €150 billion.
The ECB also estimated net international investment assets of €1.94 trillion at Q2-end, equivalent to 12.0% of GDP. By counterpart, the largest current account surplus was with the United Kingdom at €252 billion and the largest deficit with China at €184 billion. The release combines four-quarter moving sums and end-period stocks; these are not single-quarter flows and may be revised as data are updated.
Data
Euro area current account surplus narrowed to €265 billion over four quarters
Euro area balance of payments and investment position; four-quarter transaction sums and end-period stocks.
- Current account surplus, four-quarter sum
- 265 billion EUR
- 2026-06 · Observed
- Goods surplus
- 288 billion EUR
- 2026-06 · Observed
- Services surplus
- 150 billion EUR
- 2026-06 · Observed
- Current account surplus / GDP
- 1.6 percent
- 2026-06 · Observed
- Net international investment assets, end-period
- 1.94 trillion EUR
- 2026-06 · Observed
Methodology
Flow metrics are sums over the four quarters ending in Q2 2026; net position is a stock at end-June 2026. The published GDP ratio is a period share; the series may be revised.
Updated:
Subjects and places
Subject proposals
- EconomySuggested
- Preserved editorial category/topic; broad candidate onlywww.ecb.europa.eu ↗