Enterprise-EuropeMalta > News
   
Find suitable business partners, access the technology database, insert technology offers, requests & search opportunities
Read More on Technology & Innovation
Find suitable business partners, information on tender opportunities and international networking.
Read More on International Competitiveness
Find calls, proposals, news related to Horizon 2020 and COSME
Read More on FP7 and CIP
28 July 2011
EU27 current account deficit 38.8 bn euro

CORDIS

According to the latest available data, the EU271 external current account2 recorded a deficit of 38.8 billion euro in the first quarter of 2011, compared with a deficit of 27.7 bn in the first quarter of 2010 and a deficit of 20.4 bn in the fourth quarter of 20103.

In the first quarter of 2011, compared with the first quarter of 2010, there was an increase in the deficit of the goods account (-46.5 bn euro compared with -32.6 bn) and of the current transfers account (-19.2 bn compared with -16.6 bn). The surplus of the services account rose (+16.9 bn compared with +11.5 bn), while the surplus of the income account remained stable (+9.9 bn compared with +10.0 bn).

The surplus recorded in the services account (+16.9 bn euro) is mainly the result of surpluses in "other business services", which includes miscellaneous business, professional and technical services (+7.1 bn), financial services (+6.7 bn), computer & information services (+5.8 bn), transportation (+3.1 bn), insurance services (+2.5 bn) and construction services (+1.8 bn), partially offset by deficits in travel (-3.2 bn) and royalties & license fees (-2.4 bn).

In the first quarter of 2011, the EU27 external current account recorded a surplus with the USA (+14.0 bn), Switzerland (+11.6 bn euro), Hong Kong (+5.5 bn), Brazil (+3.6 bn), Canada (+2.7 bn) and India (+1.0 bn), and a deficit with China (-32.9 bn), Russia (-18.9 bn) and Japan (-8.1 bn).

Click here to view the Maltese scenario

Latest EU Updates
10 November 2014
EEN Newsletter
EEN Newsletter for Nov/ Dec is now online READ MORE >
07/10/2014
SME Week 2014
For the sixth consecutive year, the European Commission will be organising the SME Week during which insight will be offered into what the EU and national institutions do to support micro, small and medium-sized businesses. READ MORE >
22/09/2014
European Waste Reduction Awards
Your participation at the EWWR can make you a winner! READ MORE >
22/09/2014
European Week for Waste Reduction 22-30 November 2014
The European Week for Waste Reduction is an initiative aiming to promote the implementation of awareness-raising actions about sustainable resource and waste management. READ MORE >
09/09/2014
The European Inventor Award 2015
Every year the European Inventor Award brings together some of the world's brightest innovators, as well as leading figures from business, politics, media and the sciences. The 10th annual European Inventor Award will take place in June 2015 in Paris READ MORE >
4 September, 2014
EU Cluster Portal
The Commission launches a new EU Cluster Portal on the DG ENTR webpages, which provides information on key European initiatives, actions and events for clusters and their SMEs READ MORE >
1 September 2014
EEN Newsletter - September 2014
EEN Newsletter September issue is now online READ MORE >
24 July, 2014
COSME: The European Commission and the European Investment Fund sign agreement which will boost funding opportunities for SMEs
SMEs in Europe will soon have access to up to € 25 bn of additional finance, as a result of an agreement signed today between the European Commission and the European Investment Fund (EIF) READ MORE >
15 July 2014
EU - Industry partnerships seek innovation boost with first €1 billion for projects
Research partnerships between the EU, the private sector and Member States presented their first calls for projects and partners under Horizon 2020 READ MORE >
1 July, 2014
Horizon 2020 & Enterprise Europe Network for SMEs - Information Session & Networking Event
Malta Enterprise and The Malta Council for Science & Technology would like to invite business and enterprise representatives to a “Horizon 2020 & Enterprise Europe Network for SMEs” Information Session & Networking Event READ MORE >
 
  
Privacy Statement | Terms Of Use © 2008 Malta Enterprise - Developed by Holistic | Register