Euro area monthly payments balance: November 2025

Euro Area Current Account Surplus Narrows in November 2025

In November 2025, the euro area’s current account surplus stood at €9 billion, a significant decrease compared to the €27 billion surplus recorded in October.

Over the twelve months leading up to November 2025, the current account surplus reached €267 billion, representing 1.7% of the euro area’s GDP. This marks a decline from the €414 billion surplus (2.7% of GDP) reported during the same period the previous year.

On the financial account side, euro area residents increased their holdings of portfolio investment securities issued outside the euro area by €844 billion in the twelve months to November 2025. Meanwhile, investors from outside the euro area acquired €830 billion worth of euro area portfolio investment securities during the same period.