ANKARA: The current account surplus in the euro area grew to pound 32 million ($34.5 billion) in December 2023, according to official data released on Tuesday.
The figure was up from a pound 22 billion surplus in the previous month, the European Central Bank said in a statement.
“Surpluses were recorded for goods (pound 35 billion) and services (pound 16 billion), while deficits were recorded for secondary income (pound 13 billion) and primary income (pound 5 billion),” it said.
In 2023, the current account balance posted a surplus of pound 260 billion or 1.8% of euro area GDP, shifting from a pound 82 billion deficit or 0.6% of euro area GDP in 2022.
The improvement last year was led by a switch from a deficit of pound 81 billion to a surplus of pound 274 billion for goods, and, to a lesser extent, by a smaller deficit for secondary income (down from pound 172 billion to pound 160 billion).
Source: Anadolu Agency