Germany recorded a Current Account surplus of 21300 EUR Million in November of 2020. source: Deutsche Bundesbank

Current Account in Germany averaged 4335.74 EUR Million from 1956 until 2020, reaching an all time high of 32222.30 EUR Million in March of 2017 and a record low of -9353 EUR Million in August of 2000. This page provides - Germany Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Germany Current Account - data, historical chart, forecasts and calendar of releases - was last updated on January of 2021.

Current Account in Germany is expected to be 25200.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Germany to stand at 19100.00 in 12 months time. In the long-term, the Germany Current Account is projected to trend around 18500.00 EUR Million in 2022, according to our econometric models.

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Germany Current Account

Actual Previous Highest Lowest Dates Unit Frequency
21300.00 22500.00 32222.30 -9353.00 1956 - 2020 EUR Million Monthly

Calendar GMT Actual Previous Consensus TEForecast
2020-10-08 06:00 AM Aug €16.5B €21.0B €18.2B
2020-11-09 07:00 AM Sep €26.3B €16.5B €20.8B
2020-12-09 07:00 AM Oct €22.5B €25.2B €24.2B
2021-01-08 07:00 AM Nov €21.3B €22.9B €21B
2021-02-09 07:00 AM Dec
2021-03-09 07:00 AM Jan
2021-04-09 06:00 AM Feb
2021-05-07 06:00 AM Mar

News Stream
Germany Posts €22.5B Current Account Surplus in October
The German current account balance of payments showed a surplus of EUR 22.5 billion in October of 2020, slightly higher than EUR 19 billion a year earlier. The services deficit narrowed (EUR 0.2 billion vs EUR 0.9 billion) and the primary income gap increased (EUR 7.1 billion vs EUR 6.8 billion). In contrast, the goods surplus narrowed slightly (EUR 20 billion vs EUR 22.6 billion) and the secondary income deficit widened (EUR 4.3 billion vs EUR 3.2 billion).
Germany Current Account Surplus Edges Up in September
The current account surplus in Germany increased to EUR 26.3 billion in September of 2020 from EUR 23.5 billion a year earlier, mainly due to a wider goods surplus (EUR 23.2 billion vs EUR21.3 billion) and a smaller services deficit (EUR -0.8 billion vs EUR -2.8 billion). Meanwhile, the primary income surplus was slightly lower (EUR 7.4 billion vs EUR 8.5 billion) and the secondary deficit was little changed (EUR -3.4 billion vs EUR -3.5 billion).
German Current Account Surplus Widens in August
Germany's current account surplus increased to EUR 16.5 billion in August 2020 from EUR 15.9 billion in the same month the previous year. The goods surplus dropped to EUR 14.4 billion from EUR 16.9 billion the prior year, and the primary income surplus was down to EUR 8.2 billion from EUR 8.7 billion. Meantime, the services deficit narrowed to EUR 2.9 billion from EUR 5.5 billion a year earlier and the secondary income gap fell to EUR 3.2 billion from EUR 4.2 billion.
German Current Account Surplus Little-Changed in July
Germany's current account surplus was at EUR 20.0 billion in July 2020, compared with EUR 19.4 billion in the same month the previous year. The primary income surplus stood at EUR 7.1 billion, little-changed from EUR 7.3 billion a year earlier. At the same time, the deficit of services account narrowed to EUR 2.4 billion from EUR 4.7 billion, and that of secondary income fell to EUR 3.6 billion from EUR 4.6 billion. Meanwhile, the goods surplus dropped to EUR 18.8 billion from EUR 21.6 billion.

Germany Current Account
Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).