France’s current account surplus widened sharply to EUR 2.1 billion in January 2026, up from EUR 0.1 billion in December, marking its highest level since December 2024. This improvement was largely underpinned by a stronger services balance, with the services surplus edging up to EUR 56.0 billion from EUR 55.7 billion in the previous month.
At the same time, the goods deficit narrowed markedly, shrinking to EUR 56.3 billion from EUR 60.2 billion, while the secondary income deficit eased slightly to EUR 4.5 billion from EUR 4.6 billion. In contrast, the primary income surplus slipped to EUR 3.8 billion from EUR 4.0 billion.
Compared with a current account deficit of EUR 1.8 billion in January of the previous year, these developments point to a significant strengthening in France’s external position.
