Germany's current account surplus decreased to EUR 20.6 billion in June 2019 from EUR 24.8 billion in the same month of the previous year. The goods surplus declined to EUR 18.1 billion from EUR 20.7 billion a year earlier, while the secondary income gap rose to EUR 3.3 billion from EUR 2.8 billion and the services gap went up to EUR 2.9 billion from EUR 1.5 billion. Meanwhile, the primary income surplus rose to EUR 8.8 billion from EUR 8.4 billion. Considering January to June, the current account surplus narrowed to EUR 126.4 billion from EUR 130.6 billion in the same period of 2018. Current Account in Germany averaged 4010.49 EUR Million from 1956 until 2019, reaching an all time high of 32686.70 EUR Million in March of 2017 and a record low of -9353 EUR Million in August of 2000.
Current Account in Germany is expected to be 19500.00 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 22500.00 in 12 months time. In the long-term, the Germany Current Account is projected to trend around 19100.00 EUR Million in 2020, according to our econometric models.