Welcome To Statistics Explained
Statistics Explained, your guide to European statistics. Statistics Explained is an official Eurostat website presenting statistical topics in an easily understandable way. Together, the articles make up an encyclopedia of European statistics for everyone, completed by a statistical glossary clarifying all terms used and by numerous links to further information and the latest data and metadata, a portal for occasional and regular users.
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The current account balance determines the exposure of an economy to the rest of the world, whereas the capital and financial account explains how it is financed. An article on foreign direct investment provides more information on one component of the financial account, while an article on international trade in services focuses on one component of the current account.
Main statistical findings
The current account surplus of the EU-28 was EUR 126.5 billion in 2014 (see Figure 1), corresponding to 0.9 % of gross domestic product (GDP). This can be contrasted with data for 2013, when the current account surplus was EUR 155.5 billion. The latest developments for the EU-28’s current account showed a slight discontinuation of the pattern established in 2008: while the current account deficit peaked in 2008 at 2.3 % of GDP, it gradually reduced and in 2012 turned into a surplus equivalent to 0.7 % of GDP; the surplus was equivalent to 1.2 % of GDP in 2013 and 0.9 % in 2014. The current account surplus for 2014 comprised a deficit for secondary income (-0.6 % of GDP) with surpluses in the current accounts for goods (0.3 % of GDP), services (1.1 %) and primary income (0.1 %) — see Table 2.More ...
- The winter season runs from November to April of the following year. For example, the 2014/2015 winter season ran from November 2014 to April 2015.