Italy posted a current account surplus of €3.1 billion in December 2025, expanding from a €2.5 billion surplus in the corresponding month of the previous year. The goods account surplus increased to €6.0 billion from €5.3 billion last year, and the primary income surplus rose to €1.5 billion from €0.8 billion. These improvements more than offset wider deficits in services (€-2.0 billion vs €-1.3 billion in December 2025) and secondary income (€-2.5 billion vs €-2.3 billion). For the full year of 2025, Italy’s current account surplus widened to €27.4 billion from €23.8 billion in 2024.