In the euro area, a surplus of 89.9 billion euros—equivalent to 2.3% of the Gross Domestic Product (GDP)—was recorded between April and June. This contrasts with the 125 billion euros surplus in the same quarter of 2024 (3.3% of GDP) and the 67.3 billion euros in the first three months of the year (1.7% of GDP).
The European Union’s positive current account balance of 81.0 billion euros (1.7% of GDP) decreased compared to 120.8 billion euros (2.7% of GDP) in the previous year and 113.8 billion euros (2.5% of GDP) in the first quarter of 2025, according to estimates from Eurostat, the EU’s statistical office.
In the second quarter, the EU recorded current account surpluses with the United Kingdom (69.5 billion euros), Switzerland (36.3 billion euros), Canada (10.9 billion euros), Hong Kong (9.4 billion euros), Brazil (7.7 billion euros), offshore financial centers (5.4 billion euros), Japan (1.1 billion euros), and Russia (800 million euros).
Deficits were noted with China (-47.3 billion euros), the United States (-13.1 billion euros), and India (-2.0 billion euros).
