Current account surplus reaches €31.6 billion in March 2026
In the twelve months ending in March 2026, Italy's current account recorded a surplus of EUR 31.6 billion, equivalent to 1.4 percent of GDP. The financial account showed net acquisitions of foreign assets amounting to EUR 34.7 billion.
Income and Goods Drive Surplus Growth
In the twelve months ending in March 2026, Italy's current account surplus significantly improved to EUR 31.6 billion, representing 1.4 percent of GDP, up from 19.0 billion in the previous year.
This notable improvement was primarily fueled by a positive shift in the primary income balance, which moved from a deficit of EUR 4.4 billion to a surplus of 3.7 billion.
The goods balance also contributed substantially, rising to 53.0 billion from 48.6 billion.
Marginally, the secondary income balance saw a slight improvement, reducing its deficit from 19.2 billion to 18.8 billion.
The only component that experienced a slight deterioration was the services balance, which worsened from a deficit of 6.1 billion to 6.4 billion.
Foreign Asset Acquisitions Continue
Over the same twelve-month period ending in March 2026, the financial account recorded net acquisitions of foreign assets totaling EUR 34.7 billion.
This figure is a decrease from the 40.7 billion recorded in the corresponding period of the previous year.
The positive balances in 'other investment' (27.3 billion), official reserves (3.5 billion), and especially direct investment (34.4 billion) were partially offset by negative balances.
Portfolio investment showed a deficit of 28.9 billion, while financial derivatives also contributed negatively with a deficit of 1.6 billion.
Monthly flows for March 2026 showed foreign assets increasing by EUR 25.3 billion, driven by portfolio and direct investment abroad.