ROMA (ITALPRESS) – In the twelve months ending in November 2025, the current account recorded a surplus of 27.0 billion euros, marking a net improvement compared to the 23.8 billion recorded in the same period of the previous year. The surplus is 1.2% of GDP. According to the data of the Bank of Italy, the improvement of the current balance is attributable exclusively to the dynamics of primary income, passed from a deficit of 9,0 billion to a surplus of 2.7 billion. This recovery has compensated for the slight deterioration recorded in the advance of goods (down to 51.0 billion from 55.5) and the increase of deficits in services (- 5.1 billion) and secondary income (-21.5 billion). At the end of September 2025, Italy’s net position on foreign markets was confirmed as a creditor for 298 billion euros, reaching 13.3 percent of GDP.
This is an increase of 59.6 billion compared to June 2025, mainly due to positive evaluation adjustments related to the revaluation of official gold reserves and, to a more limited extent, to the surplus of the current account and the capital account. As for the financial account, in November 2025 the foreign activities of residents in Italy increased by 5.8 billion, driven by direct investments (+2.3 billion) and other forms of investment (+5.3 billion), while the component of portfolio securities (-2.5 billion).
In the face of liabilities, an increase of 15.3 billion euros has been recorded. Towing this data was the influx of foreign capital towards the Italian portfolio titles, which recorded investments for 10.7 billion euros; of these, well 9,5 billion have covered public securities. In contrast, foreign direct investment in Italy, which in November suffered a contraction of 1.5 billion.
– photo IPA Agency –
(ITALPRESS).
