EU current account deficit down in fourth quarter of 2009

08:46, April 23, 2010      

Email | Print | Subscribe | Comments | Forum 

The European Union's current account deficit fell dramatically in the final quarter of 2009 compared to the previous three months, a second official estimate released by the EU statistical bureau Eurostat showed Thursday.

The EU's external current account recorded a deficit of 9.2 billion euros (12.3 billion U.S. dollars) in the fourth quarter of 2009, much lower than the 23.1 billion euros (30.9 billion dollars) in the third quarter of the year.

The figure also dropped significantly compared with a deficit of 54.8 billion euros (73.9 billion dollars) in the fourth quarter of 2008.

Compared with the same period in 2008, the deficit of the goods account decreased from 41.9 billion euros(56.0 billion dollars) to 9.5 billion euros (12.7 billion dollars), as did the deficit of the income account, from 17.5 billion euros (23.4 billion dollars) to 0.1 billion euros (0.13 billion dollars).

According to the first estimate of Eurostat in March, the EU's current account deficit in the fourth quarter was 27 billion euros (about 36.4 billion dollars).

Source: Xinhua


  • Do you have anything to say?


Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • On Sept. 26, a resident passes by a flower terrace decorated for the coming National Day. (Xinhua/Hang Xingwei)
  • The photo, taken on Sept. 26, shows the SWAT team ready for the joint exercise. (Xinhua/Wangkai)
  • Two metro trains in Shanghai collided Tuesday afternoon, and an identified number of passengers were injured in the accident, the Shanghai-based reported. Equipment failures were believed to have caused the crash on the Line 10 subway, Xinhua quoted local subway operator as saying.
  • An employee at a gold store in Yiwu, located in east China's Zhejiang province, shows gold jewelry on Monday.(Xinhua/Zhang Jiancheng)
  • Tourists ride camels near China's largest desert lake Hongjiannao in Yulin, north China's Shaanx Province, Sept. 24, 2011. Hongjiannao is shrinking as a result of climate change and human activities, and may vanish in a few decades. Its lake area, which measured more than 6,700 hectares in 1996, has shrunk to 4,180 hectares. Its water level is declining by 20-30 centimeters annually and its water PH value has risen to 9.0-9.42 from 7.4-7.8. (Xinhua/Liu Yu)
  • Actors perform royal dance at the Gyeongbok Palace in Seoul, Sept. 27, 2011. A ceremony commemorating the 38th South Korea Sightseeing Day was held in Gyeongbok Palace on Tuesday. (Xinhua/He Lulu)
Hot Forum Discussion