FX.co ★ France Current Account Gap Smallest Since 2019

France’s current account deficit narrowed to EUR 0.2 billion in April 2026, down from a downwardly revised EUR 0.9 billion in March. This was the smallest shortfall since April 2019, supported by an improvement in the goods balance and a stronger services surplus.

The goods trade deficit eased to EUR 3.9 billion from EUR 4.1 billion in the previous month. Within this category, the surplus excluding energy widened to EUR 0.6 billion after a balanced position in March, although the energy deficit increased to EUR 4.5 billion from EUR 4.2 billion.

The services surplus rose to EUR 4.5 billion in April from EUR 3.9 billion in March. At the same time, the primary income surplus edged slightly lower, to EUR 3.88 billion from EUR 3.9 billion, while the secondary income deficit remained at EUR 4.6 billion.

On a 12-month cumulative basis, France’s current account deficit widened to EUR 6.6 billion, compared with EUR 2.6 billion a year earlier.