EU registers surplus of €69.4 billion

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The EU 28 have registered a surplus of €69.4 billion. The EU 28 seasonally adjusted current account of the balance of payments, recorded this surplus for the third quarter 2019, up from a surplus of €43.5 billion in the second quarter of 2019 and a surplus of €42 billion in the third quarter of 2018.

The highest surpluses were registered in Germany (+€63.2 bn), Netherlands (+€19.3 bn), Italy (+€17.3 bn), Ireland (+€11.2bn) and Denmark (+€8.3 bn). The largest deficits were registered in the UK (-€23.9bn), France (-€4.1bn) and Romania (-€3.6 bn).

This information was released by Eurostats, the EU’s statistical office.

The EU registered surpluses in its balance-of-payments accounts with the USA, Switzerland, Canada, Hong Kong, Brazil and Japan and some offshore financial centres. Deficits were registered China, Russia and India.

The direct investment assets of the EU 28, increased in the third quarter of 2019 by €139.4 billion, while direct investment liabilities grew by €127.8 billion. As a result, the EU 28 member states were a collective net direct investor to the rest of the world in Q3 2019 by €11.6 billion.