EU27 current account deficit 26.5bn euro
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- EU27 surplus in trade in services increased to 84 bn euro in 2007
- EU27 current account deficit €36.3 bn with €17.4 bn surplus on trade in services
- EU27 surplus in trade in goods with India of €3.2 bn - Surplus of €2.4 bn in trade in services
- Euro area external trade deficit 0.1 bn euro - 20.1 bn euro deficit for EU27
- International economic and financial transaction statistics
- Euro area external trade deficit 5.6 bn euro and 23.0 bn euro deficit for EU27
- Balance of payments deficit down €8.8 million
- Balance of payments deficit rises from €113.5 to €233.8 million
- Balance of Payments deficit rises to €169.2 million
- General Government Account registered a surplus of €84.7 million in 4th quarter last year
- ASEM partners account for a third of EU27 imports and 18% of exports
- Government, deficit, revenue and expenditure increases
- 2nd Quarter deficit €66.8 million - Government debt up €116.6 million to €3,528 million
- Euro area and EU27 GDP up by 0.7% in first quarter, Malta up by 1.7%
- Euro area GDP down by 0.2% and EU27 GDP stable +1.4% and +1.7% respectively
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According to the latest revisions, the EU27 external current account recorded a deficit of 26.5 billion euro in the first quarter of 2008, compared with a deficit of 30.4 bn in the first quarter of 2007 and a deficit of 7.3 bn in the fourth quarter of 2007.
In the first quarter of 2008, compared with the first quarter of 2007, the deficit of the goods account rose (-53.7 bn euro compared with -44.3 bn), while the surplus of the services account decreased slightly (+17.4 bn compared with +18.9 bn). The surplus of the income account more than doubled (+24.0 bn compared with +9.5 bn). The deficit of the current transfers account remained stable (-14.2 bn compared with -14.5 bn).
The surplus recorded in the services account (+17.4 bn euro) is mainly the result of surpluses in financial services (+8.6 bn), "other business services," which includes miscellaneous business, professional and technical services (+8.0 bn), computer & information services (+3.9 bn) and transportation (+3.8 bn), partially offset by deficits in travel (-6.8 bn) and royalties & license fees (-3.3 bn). In the first quarter of 2008, the EU27 external current account recorded a surplus with the USA (+23.2 bn euro), Switzerland (+11.4 bn), Canada (+4.5 bn) and Hong Kong (+2.1 bn), and a deficit with China (-33.7 bn), Russia (-14.4 bn) and Japan (-5.2 bn).
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