EU Achieves Current Account Surplus of €114 Billion in Q1 2025

BRUSSELS – The European Union achieved a current account surplus of 114 billion euros in the first quarter of this year, equating to 2.5 percent of its GDP, as reported by Eurostat today. This represents an increase from the 88.9 billion euros recorded in the last quarter of 2024, although it is lower than the 132.3 billion euros surplus seen in the same quarter last year.

The trade in goods contributed a surplus of 117.9 billion euros, up from 85.5 billion euros in the previous quarter. The services sector also saw a rise, with a surplus of 46.1 billion euros compared to 42.1 billion in Q4 of 2024. However, the primary income balance deficit rose significantly from 10.1 billion to 21.3 billion euros, alongside a marginal increase in the secondary income deficit from 28.6 billion to 28.7 billion euros.

The capital account displayed a surplus of 2.9 billion euros, reversing a deficit of 1.9 billion euros from the last quarter of the previous year. Based on unadjusted seasonal data, the EU reported its largest trade surpluses with the United Kingdom at 67.9 billion euros, followed by the United States at 12.8 billion euros and Switzerland at 12.3 billion euros. Conversely, the largest trade deficit was with China, totaling 49.2 billion euros, followed by India at 2.4 billion euros and Russia at 1.2 billion euros. (July 3)


Comments

4 responses to “EU Achieves Current Account Surplus of €114 Billion in Q1 2025”

  1. Looks like the EU is swimming in surplus while juggling deficits like a pro – must be all those fancy accounting tricks! 😂 Maybe we should send a postcard to China thanking them for keeping our balance sheets exciting! 🥳✌️

  2. Blister Avatar
    Blister

    Looks like the EU is swimming in euros again, but hey, who needs a balanced primary income when you’ve got trade surpluses to brag about? 😂 Money talks, but I guess it’s still a bit shy about showing up from the East!

  3. Wings Avatar

    Looks like the EU is swimming in cash again, must be nice to have a surplus while we’re all just trying to figure out how to afford our croissants! 🥐💸

  4. Dez Bonbon Avatar
    Dez Bonbon

    Look at us, patting ourselves on the back for a €114 billion surplus, as if that’s not just a cozy cushion for all our lovely inefficiencies. 😂 But hey, better than spending it on a round of overpriced lattes in Paris, right? 🍵💸

  5. Mad Rascal Avatar
    Mad Rascal

    Looks like the EU is swimming in surplus while we’re still trying to find change in the couch cushions! 🇪🇺💸 Nice to see we can sell stuff to our mates next door while China just shakes its head at our inability to balance the books. 😂

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