23.0 bn euro surplus on trade in services

The EU27 external current account recorded a deficit of 21.0 billion euro in the fourth quarter of 2008, compared with a deficit of 14.2 bn in the fourth quarter of 2007 and a deficit of 60.8 bn in the third quarter of 2008.

In the fouth quarter of 2008, the EU27 external balance of trade in services recorded a surplus of 23.0 bn euro, compared with a surplus of 19.7 bn in the fourth quarter of 2007 and a surplus of 19.3 bn in the third quarter of 2008.

With this News Release from Eurostat, the Statistical Office of the European Communities, a revised methodology has been applied. As a result, the figures for the current account have been revised from the first quarter of 2004.

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