Romania had the largest current account deficit in the EU in Q3 2021

By Andra Beltz
In the third quarter of last year, the European Union recorded, on the whole, a current account surplus of 72.1 billion euros, but among the member countries, the largest current account deficits were registered in Romania (minus 4, 9 billion euros), Poland (minus 3.5 billion euros), the Czech Republic (minus 3 billion euros) show data released by Eurostat on Tuesday.
17 EU Member States recorded current account surpluses in Q3 2021, nine countries (including Romania) had current account deficits and only one country (Lithuania) had a current account balance in the quarter the third of last year.
The largest current account surpluses were in Germany (€ 53.2 billion), Ireland (€ 23.3 billion), Italy (€ 20 billion) and the Netherlands (€ 19.1 billion). ).
In the third quarter of last year, the EU’s current account surplus fell to € 72.1 billion (2% of EU GDP) from a surplus of € 103.1 billion (€ 2.9%). GDP) in the second quarter. This was primarily due to a decrease in the surplus from trade in goods to 53.4 billion euros, from 76.2 billion euros in the second quarter, while the surplus from trade in services increased to 29.7 billion euros from 25.3 billion euros in the second quarter.