EU27: Surplus of € 21.8bn in Last Quarter of 2012

BusinessEconomy ♦ Published: April 19, 2013; 11:25 ♦ (Vindobona)

Second estimate for the fourth quarter of 2012 EU27 current account surplus 31.4 bn euro 36.2 bn euro surplus for trade in services.

EU27: Surplus of € 21.8bn in Last Quarter of 2012 / Picture: © Vindobona.org

The EU27 external current account recorded a surplus of 31.4 billion euro (0.9% of GDP) in the fourth quarter of 2012, compared with a surplus of 21.8 bn (0.7% of GDP) in the fourth quarter of 2011, according to a second estimate released by Eurostat, the statistical office of the European Union.

In the fourth quarter of 2012, compared with the fourth quarter of 2011, the balance…