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


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
EU-XCEL, a new virtual accelerator
EU-XCEL, a new virtual accelerator, is looking for talented entrepreneurs in the field of ICT to participate in a unique international entrepreneurship experience focused on creating and supporting European teams to become incubator-ready entrepreneursREAD MORE >
EEN B2B @ Expo Milano 2015
EXPO Milano 2015 is a platform for the exchange of ideas and shared solutions on the theme of food, stimulating each country’s creativity and promoting innovation for a sustainable future, EEN is organising a matchmaking service.at this EXPO READ MORE >
EEN Events 2015
Various EEN brokerage events READ MORE >
Access to EU Finance
The European Union supports entrepreneurs and businesses with a wide range of EU programmes providing financing through local financial institutions READ MORE >
"About Japan" Webinars
The purpose of “About Japan" webinar is to present the new “Japan Tax and Public Procurement Helpdesk” READ MORE >
10 November 2014
EEN Newsletter
EEN Newsletter for Nov/ Dec is now online READ MORE >
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 >
European Waste Reduction Awards
Your participation at the EWWR can make you a winner! READ MORE >
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 >
Privacy Statement | Terms Of Use © 2008 Malta Enterprise - Developed by Holistic | Register