Compared to the last quarter of last year, it has increased slightly, with the European Union’s current account balance declining sharply compared to the previous year, according to Eurostat, “the EU Statistical Office said Friday.
In the first three months of the year, the EU-28 closed its balance of payments by € 40.5 billion, equivalent to 1 percent of GDP, to € 40.2 billion in the previous quarter and € 58.3 billion a year earlier.
Of the most important partners, the EU28 balance of payments in the first quarter of 2019 was 53.5 billion euros against the United States, 20.6 billion euros against Switzerland, 6 billion euros against Hong Kong, 2.5 billion against Brazil, and 0.3 billion euros against Japan.
Deficiency was recorded against China (€ 30.6 billion), Russia (€ 13.2 billion) and India (€ 1.9 billion).
Net foreign direct investment by the EU in the first quarter amounted to EUR 111.5 billion.