Italy recorded a Current Account deficit of 0 percent of the country's Gross Domestic Product in 2023. Current Account to GDP in Italy averaged -0.16 percent of GDP from 1980 until 2023, reaching an all time high of 3.80 percent of GDP in 2020 and a record low of -3.70 percent of GDP in 1981. source: EUROSTAT
Current Account to GDP in Italy is expected to reach 1.20 percent of GDP by the end of 2024, according to Trading Economics global macro models and analysts expectations. In the long-term, the Italy Current Account to GDP is projected to trend around 1.70 percent of GDP in 2025 and 1.80 percent of GDP in 2026, according to our econometric models.