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Surplus above EUR 50 bn for the second time since 1998 EU-15 current account preliminary results for 2003
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The EU-15 current account balance for 2003 showed a surplus of EUR 53.6 bn, slightly below the EUR 56.2 bn surplus registered in 2002. It is the second consecutive year with a positive balance on the EU-15 current account since 1998. Surpluses were recorded in the goods, services and income balances while the current transfers balance was in deficit. The slight reduction on the current account surplus was the result of a lower goods surplus which was less than offset by higher surpluses in services and income and the small decrease on the current transfers structural deficit. The euro-zone surplus in services increased by EUR 6.0 bn to reach EUR 19.0 bn in 2003. EU-15 current account balances with the USA, EFTA and Japan recovered a little bit between 2002 and 2003, while the surplus with Canada was slightly lower.
Luis Biedma, Maribel Lázaro - Personal Name
NONE
Economics
English
2003
1-4
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