EU posts $82B current account surplus in Q3

ANKARA

The EU had a current account surplus of €72.1 billion ($82 billion) in the third quarter of 2021, down from a surplus of €88.1 billion in 2020, the bloc’s statistical office said on Tuesday.

The EU posted external current account surpluses with the UK at €59.7 billion, followed by US at €32.6 billion and Switzerland at €23.7 billion, according to estimates released by Eurostat.

Deficits were observed with China (-€36.5 billion), Russia (-€9.2 billion) and offshore financial centers (-€3.1 billion).

Meanwhile, based on non-seasonally adjusted data, direct investment assets of the EU rose in the third quarter of 2021 by €28.3 billion, while direct investment liabilities fell by €73.5 billion.

"As a result, the EU was a net direct investor to the rest of the world in the third quarter of 2021 by €101.8 billion," the data indicated.

Portfolio investment posted a net outflow of €12.8 billion and for other investment there was a net inflow of €210 billion, it said. 

ANKARA

The EU had a current account surplus of €72.1 billion ($82 billion) in the third quarter of 2021, down from a surplus of €88.1 billion in 2020, the bloc’s statistical office said on Tuesday.

The EU posted external current account surpluses with the UK at €59.7 billion, followed by US at €32.6 billion and Switzerland at €23.7 billion, according to estimates released by Eurostat.

Deficits were observed with China (-€36.5 billion), Russia (-€9.2 billion) and offshore financial centers (-€3.1 billion).

Meanwhile, based on non-seasonally adjusted data, direct investment assets of the EU rose in the third quarter of 2021 by €28.3 billion, while direct investment liabilities fell by €73.5 billion.

"As a result, the EU was a net direct investor to the rest of the world in the third quarter of 2021 by €101.8 billion," the data indicated.

Portfolio investment posted a net outflow of €12.8 billion and for other investment there was a net inflow of €210 billion, it said. 