France recorded a current account deficit of EUR 1.8 billion in February 2026, following an upwardly revised surplus of EUR 2.3 billion in January, which had marked an eighteen-month high. This was the largest deficit since July 2025 and was mainly driven by a reduction in the services surplus, which declined to EUR 50.8 billion from EUR 52.3 billion in the previous month. By contrast, the goods deficit narrowed to EUR 53 billion from EUR 54.2 billion.
The primary income surplus was unchanged at EUR 4.2 billion, while the secondary income account showed a deficit of EUR 4.6 billion. For comparison, the current account recorded a deficit of EUR 1.2 billion in February 2025, underscoring the widening of the external gap over the past year.
