EU current account surplus €58.3 bn

In the first quarter of 2023, the EU seasonally adjusted current account of the balance of payments recorded a surplus of €58.3 billion (+1.4% of GDP), compared with a surplus of €23.5 billion (+0.6% of GDP) in the fourth quarter of 2022 and a surplus of €15.7 billion (+0.4% of GDP) in the first quarter of 2022, according to estimates released by Eurostat, the statistical office of the European Union.