Acasă » General Interest » Economics&Markets » Romania recorded the highest current account deficit in the EU in Q2

Romania recorded the highest current account deficit in the EU in Q2

7 October 2024
Economics&Markets
energynomics

The European Union recorded a current account surplus of €130.4 billion (2.9% of GDP) in the second quarter of 2024, after a surplus of 132.4 billion euro (3% of GDP) in the previous three months and a surplus of 78.1 billion euros (1.8% of GDP) in the second quarter (Q2) of 2023, according to data published by the European Statistical Office (Eurostat).

In the second quarter of this year, 15 EU member states registered a current account surplus, the first places being Germany (62.3 billion euros), Ireland (35.5 billion euros), the Netherlands (24.3 billion of euros), Denmark (13.7 billion euros), Sweden (13.4 billion euros), Spain (13 billion euros) and Italy (8.5 billion euros), while 11 other member countries, including Romania, recorded current account deficits, according to Agerpres.

The EU member countries with the highest current account deficit were Romania (minus 7.7 billion euros), France (minus 6.1 billion euros) and Greece (minus 4.5 billion euros).

In the second quarter of 2024, the EU recorded current account surpluses on the relationship with Great Britain (67.6 billion euros), offshore financial centers (38.3 billion euros), Switzerland (27.5 billion euros), Hong Kong (11 billion euros), Canada (10.1 billion euros), Brazil (8.7 billion euros), the USA (8.6 billion euros), Japan (2.7 billion euros) and Russia ( 1.4 billion euros).

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