Throughout 2012, net exports were the major contributor to GDP growth. Euro area trade in goods with the rest of the world recorded a sizeable surplus, as exports to most of the region’s major tradi...
ng partners expanded while demand for imports from these countries was either anemic or shrinking (Figure A1.8).
The euro area current account, reflecting also services, incomes, and transfers, recorded a surplus of 1.2% of GDP in 2012, up from 0.1% in 2011.
- Note: Extra eurozone trade.
Source: Eurostat. http://epp.eurostat.ec.europa.eu (accessed 24 March 2013).
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