Annex 1. Detailed current and capital accounts data
(EUR billions, unless otherwise indicated; transactions)

Current account
Capital account
Total
Credit

Debit

2022

5,491.6

5,520.0

2023

5,730.4

2024

5,926.5

2025

Goods
Balance

Credit

Debit

-28.3

2,880.0

2,944.3

5,472.9

257.5

2,829.3

5,510.7

415.9

2,818.6

6,011.9

5,736.0

275.9

2025 Q1

1,484.1

1,423.3

Q2

1,525.7

1,473.1

Q3

1,462.8

Q4

1,539.4

2025 Feb

Services
Balance

Credit

Debit

-64.3

1,347.9

1,176.8

2,577.2

252.2

1,404.6

2,473.3

345.3

1,525.5

2,901.0

2,539.0

362.0

60.8

740.2

635.2

52.6

715.2

635.5

1,390.0

72.8

713.9

1,449.7

89.7

731.7

476.9

458.8

18.1

Mar

527.8

489.8

Apr

500.5

479.7

May

503.2

Jun
Jul

Primary Income
Balance

Secondary Income

Credit

Debit

Balance

Credit

Debit

Balance

Credit

Debit

Balance

171.1

1,091.6

1,054.3

37.3

172.2

344.6

-172.5

235.0

82.7

152.3

1,261.6

143.0

1,315.4

1,287.3

28.1

181.1

346.8

-165.8

169.4

120.2

49.2

1,339.5

186.0

1,392.3

1,338.3

54.0

190.1

359.6

-169.4

107.6

83.2

24.4

1,560.1

1,416.0

144.1

1,362.0

1,406.2

-44.2

188.8

374.8

-186.0

119.1

91.3

27.8

105.0

367.1

349.6

17.5

331.6

346.7

-15.1

45.1

91.8

-46.7

32.4

29.1

3.3

79.7

391.7

340.4

51.3

367.4

406.6

-39.2

51.5

90.7

-39.2

20.0

19.8

0.2

626.1

87.8

399.7

353.5

46.2

306.7

320.6

-13.9

42.5

89.7

-47.2

24.6

22.2

2.3

642.2

89.5

401.6

372.5

29.1

356.3

332.3

24.0

49.7

102.6

-52.9

42.1

20.1

21.9

239.0

202.6

36.4

118.9

114.3

4.7

104.1

111.7

-7.7

14.9

30.3

-15.4

7.8

7.4

0.5

38.0

271.5

221.7

49.8

124.1

116.5

7.6

116.3

120.3

-3.9

15.9

31.3

-15.5

11.5

9.0

2.5

20.8

240.1

214.3

25.8

124.3

113.2

11.1

120.6

122.5

-1.9

15.6

29.7

-14.1

5.7

6.2

-0.5

510.4

-7.2

239.2

209.1

30.1

127.9

110.9

17.0

118.1

161.2

-43.1

18.0

29.2

-11.2

7.1

6.3

0.7

522.0

483.0

39.0

235.9

212.1

23.7

139.6

116.3

23.3

128.7

122.8

5.9

17.9

31.8

-13.9

7.3

7.3

0.0

504.7

477.1

27.6

251.4

219.3

32.0

136.9

122.0

14.9

102.0

105.6

-3.6

14.4

30.1

-15.7

9.3

5.9

3.4

Aug

446.8

433.3

13.4

208.7

188.7

20.0

128.8

114.7

14.1

96.0

101.3

-5.3

13.2

28.6

-15.4

5.9

6.7

-0.7

Sep

511.3

479.6

31.7

253.9

218.1

35.7

133.9

116.8

17.1

108.7

113.7

-5.0

14.8

30.9

-16.1

9.3

9.6

-0.3

Oct

516.1

481.5

34.7

258.2

221.2

37.0

131.8

121.9

9.9

111.0

106.3

4.7

15.1

32.0

-16.9

9.0

4.9

4.2

Nov

490.6

473.8

16.8

238.5

211.8

26.7

126.0

118.3

7.7

110.1

109.9

0.1

16.0

33.7

-17.8

11.1

5.0

6.1

Dec

532.7

494.4

38.3

235.0

209.2

25.8

143.8

132.3

11.5

135.2

116.1

19.1

18.6

36.8

-18.2

22.0

10.3

11.7

2026 Jan

470.5

455.1

15.3

215.0

198.0

17.0

129.0

118.7

10.4

110.6

106.2

4.4

15.8

32.2

-16.5

15.4

13.3

2.1

Feb

475.3

454.2

21.1

232.1

203.1

29.1

122.6

113.9

8.6

104.4

104.4

0.0

16.3

32.8

-16.6

10.5

7.8

2.7

12-month cumulated transactions
2025 Feb

5,975.5

5,599.8

375.7

2,836.6

2,496.4

340.2

1,540.9

1,363.6

177.4

1,407.6

1,374.4

33.2

190.3

365.3

-175.0

119.1

88.9

30.3

2026 Feb

6,001.5

5,712.0

289.5

2,879.5

2,526.7

352.8

1,568.7

1,415.5

153.2

1,361.7

1,390.4

-28.6

191.6

379.4

-187.8

124.0

92.3

31.7

12-month cumulated transactions as a percentage of GDP
2025 Feb

38.8

36.3

2.4

18.4

16.2

2.2

10.0

8.8

1.2

9.1

8.9

0.2

1.2

2.4

-1.1

0.8

0.6

0.2

2026 Feb

36.9

35.1

1.8

17.7

15.5

2.2

9.6

8.7

0.9

8.4

8.5

-0.2

1.2

2.3

-1.2

0.8

0.6

0.2

Seasonally adjusted
2025 Q1

1,556.5

1,481.5

74.9

755.9

646.0

109.8

395.2

364.5

30.7

358.2

381.8

-23.6

47.3

89.3

-42.0

Q2

1,501.5

1,420.9

80.6

718.2

632.2

86.0

389.6

352.2

37.5

345.9

342.1

3.8

47.7

94.5

-46.7

Q3

1,478.3

1,426.0

52.3

722.3

631.4

90.8

386.4

357.6

28.8

322.6

341.3

-18.7

47.1

95.7

-48.7

Q4

1,486.3

1,424.5

61.8

711.3

635.3

76.0

390.8

344.9

45.9

337.3

345.7

-8.4

46.8

98.6

-51.7

2025 Feb

519.6

500.7

18.9

249.3

216.9

32.4

134.8

123.7

11.1

119.7

131.1

-11.4

15.7

29.0

-13.2

Mar

523.5

494.5

29.0

261.7

220.1

41.6

128.8

120.0

8.8

116.9

124.3

-7.4

16.1

30.1

-14.0

Apr

501.3

479.2

22.1

240.6

211.8

28.8

128.6

118.3

10.3

116.1

117.4

-1.3

15.9

31.7

-15.7

May

501.1

475.2

25.9

239.8

206.6

33.2

129.8

117.8

12.0

115.9

119.6

-3.7

15.6

31.2

-15.6

Jun

499.1

466.5

32.6

237.8

213.8

24.0

131.3

116.1

15.2

113.9

105.1

8.8

16.2

31.6

-15.4

Jul

493.2

473.1

20.1

240.5

211.3

29.1

127.8

119.6

8.2

109.4

110.8

-1.4

15.4

31.4

-16.0

Aug

489.9

474.3

15.5

238.3

209.3

29.1

129.1

118.5

10.6

106.9

114.8

-7.8

15.5

31.8

-16.3

Sep

495.2

478.6

16.7

243.5

210.8

32.6

129.4

119.5

9.9

106.2

115.7

-9.5

16.1

32.5

-16.4

Oct

498.3

467.9

30.4

237.0

204.2

32.8

130.0

114.2

15.8

116.0

116.5

-0.5

15.3

33.0

-17.7

Nov

495.7

482.0

13.7

235.0

211.5

23.5

131.9

116.9

15.0

112.4

120.0

-7.6

16.5

33.7

-17.2

Dec

492.3

474.5

17.7

239.4

219.6

19.7

128.9

113.8

15.1

108.9

109.2

-0.3

15.1

31.9

-16.9

2026 Jan

514.0

473.6

40.4

237.9

202.6

35.4

138.3

121.8

16.5

120.7

117.0

3.7

17.1

32.2

-15.2

Feb

519.6

494.7

24.9

243.4

218.1

25.3

139.0

123.4

15.5

120.0

121.7

-1.7

17.2

31.4

-14.3

12-month cumulated transactions
2025 Feb

5,986.6

5,615.2

371.4

2,844.2

2,501.7

342.5

1,542.3

1,365.4

176.9

1,409.3

1,380.4

28.9

190.7

367.7

-177.0

2026 Feb

6,023.2

5,734.2

289.0

2,894.9

2,539.8

355.1

1,572.9

1,419.8

153.1

1,363.4

1,392.0

-28.6

191.9

382.5

-190.6

12-month cumulated transactions as a percentage of GDP
2025 Feb

38.8

36.4

2.4

18.4

16.2

2.2

10.0

8.9

1.1

9.1

8.9

0.2

1.2

2.4

-1.1

2026 Feb

37.4

35.6

1.8

18.0

15.8

2.2

9.8

8.8

1.0

8.5

8.6

-0.2

1.2

2.4

-1.2