Balance on Services by Country
Latest released Balance on Services value for every supported currency, with the previous reading, the change between releases, reference date, frequency, unit, and source.
/api/v1/announcements/{currency}/balance_on_services. Non-USD endpoints require an API key query parameter.| Country / Currency | Latest | Previous | Change | Reference | Frequency | Unit | Source |
|---|---|---|---|---|---|---|---|
|
Eurozone
EUR · Euro
|
14,116.82
01 Dec 2025
|
11,866.02
01 Nov 2025
|
▲ +2,250.797 | 01 Dec 2025 | Quarterly | EUR billions | ECB/Eurostat |
What is Balance on Services?
The balance on services covers cross-border services trade — tourism, transport, financial services, royalties, business services, and IT services. It is the services-only counterpart to the balance on goods.
Why it matters for FX
Services balances are structurally larger and more positive in advanced economies (notably the UK, US, France) than goods balances. They smooth the headline current account and can explain why countries with persistent goods deficits (UK, US) still attract structural capital inflows.
How to read this page
Read year-over-year change. Tourism is highly seasonal and post-2020 has been the dominant volatility source for many European balances. Financial-services exports drive the UK surplus.
What to watch for
- Tourism recovery / disruption cycles
- Financial services flows post-Brexit (UK)
- Digital services taxation effects
- Year-over-year vs sequential momentum
- Cross-check with balance_on_goods