Current account balance of Italy surged by 12.12% from 47.6 billion US dollars in 2016 to 53.4 billion US dollars in 2017. Since the 32.86% slump in 2015, current account balance soared by 92.48% in 2017.
The description is composed by our digital data assistant.Current account is all transactions other than those in financial and capital items. The major classifications are goods and services, income and current transfers. The focus of the BOP is on transactions (between an economy and the rest of the world) in goods, services, and income.