The geography of the euro area current account balance

Michael Fidora and Martin Schmitz

Economic Bulletin Boxes, 2018, vol. 7

Abstract: The composition of the euro area current account balance in terms of its geographical counterparts has been fairly stable in recent years, with the euro area's most important trading partners accounting for the largest part of the bilateral surpluses and deficits. The bulk of the increase in the euro area's current account surplus since 2013 was accounted for by improvements vis-à-vis the euro area's three largest trading partners. The largest changes in the geographical breakdown of the euro area current account balances were recorded for trade in goods and primary income. JEL Classification: F32, F41

Keywords: Current account; income balance; trade (search for similar items in EconPapers)
Date: 2018-11
Note: 491968
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Persistent link: https://EconPapers.repec.org/RePEc:ecb:ecbbox:2018:0007:2

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