Italy current account

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Italy current account: 2077.7 (-13.8%)
Last Update: May 31, 2024

Italy current account closed down 2077.7 as of May 31, 2024 from 2410.3 from the previous month and 1187.1 from last year.


Italy current account Analytics & Data




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Italy current account

DateValues
2024-05-31 2077.7
2024-04-30 2410.3
2024-03-31 1781.6
2024-02-29 3490.4
2024-01-31 -830.5
2023-12-31 3628.9
2023-11-30 630.4
2023-10-31 4240.5
2023-09-30 2192.8
2023-08-31 2090.7
2023-07-31 6686.8
2023-06-30 1368
2023-05-31 1187.1
2023-04-30 -2945.4
2023-03-31 -680.9
2023-02-28 -897.9
2023-01-31 -7221.9
2022-12-31 493.5
2022-11-30 -500.8
2022-10-31 -276.1
2022-09-30 -5553.1
2022-08-31 -6778.2
2022-07-31 795.5
2022-06-30 -937.9

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Italy current account Statistics


IndicatorSymbolActualPreviousM/M%Y/Y%TrendSlopePercentileUpdate
current accountit.currentaccount2077.72410.3-1475DownUP922024-05-31

Italy current account Factors

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Italy current account Historical Data

The MacroVar database offers free access to historical data for the Italy current account, dating back to 1950. This extensive dataset is readily available through MacroVar versatile platforms, including a user-friendly web interface, a robust Python API, and convenient Excel integration. By leveraging these tools, users can efficiently retrieve and analyze decades of Italy current account data, supporting a wide range of research, financial analysis, and decision-making processes.

What is the Italy current account

The current account of Italy refers to the sum of all transactions involving goods, services, income, and transfers with other countries. It is an important indicator of the country's international trade and financial relationships. A positive current account balance indicates that the country is exporting more than it is importing, leading to a surplus. This surplus can be used to invest in foreign assets or reduce debt. On the other hand, a negative current account balance means that the country is importing more than it is exporting, resulting in a deficit. This deficit may need to be financed by borrowing from abroad or selling domestic assets. Overall, the current account gives insight into Italy's economic performance and its position in the global economy.

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