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Euro area monthly balance of payments: December 2019
In December 2019 the current account of the euro area recorded a surplus of €33 billion, compared with a surplus of €32 billion in November 2019. According to preliminary results for 2019 as a whole, the current account recorded a surplus of €362 billion (3.1% of euro area GDP), compared with a surplus of €359 billion (3.1% of euro area GDP) in 2018. In the financial account, euro area residents made net acquisitions of foreign portfolio investment securities totalling €343 billion in 2019 (up from €202 billion in 2018). Over the same period, non-residents made net acquisitions of euro area portfolio ... (full story)