Current Account in Italy

Italy Current Account (EUR bn) | Economic News & Forecasts

Italy - Current Account (billions of Euros)

Almost three months after elections, uncertainty continues to dominate the political landscape. On 28 May President Sergio Mattarella gave Carlo Cottarelli, a former IMF director, the task of forming a government. As Cottarelli is unlikely to secure a parliamentary majority, snap elections are probably on the horizon. One day before, the president had refused to appoint Paolo Savona as finance minister, which led to the collapse of the tenuous coalition agreement between the League and the Five Star Movement. So far this year, the economy has held up in the face of political uncertainty, as data shows that despite a weak external sector, growth held up relatively well in Q1. Significant employment gains and moderate inflation are seen having underpinned consumer spending, while expanding credit and upbeat business confidence likely supported business investment. Moreover, the stock of bad credit held by the banking sector continued to drop in March. Heading into Q2, deteriorating but still positive survey-based data and continued credit expansion in April indicated resilient albeit subdued growth.

Italy - Current Account (EUR bn) Data

2013  2014  2015  2016  2017  
Current Account Balance (EUR bn)16.0  31.1  25.0  43.5  47.8  

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Italy Current Account (EUR bn) Chart

Italy Current Account
Note: Current account balance as % of GDP.
Source: Bank of Italy.

Italy Facts

Bond Yield2.76-0.11 %Jun 14
Exchange Rate1.170.65 %Jun 14
Stock Market22,486-0.99 %Jun 14

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