Germany's current account surplus was little changed at EUR 22.6 billion in April 2019, compared to EUR 22.7 billion in the same month of the previous year. The goods surplus decreased to EUR 19.2 billion from EUR 20.3 billion a year earlier while the primary income surplus increased to EUR 7.6 billion from EUR 5.0 billion. On the other hand, the services account posted a deficit EUR 0.7 billion, compared to a EUR 0.1 billion surplus a year ago while the secondary income gap rose to EUR 3.6 billion from EUR 2.6 billion. Considering January to April, the current account surplus narrowed to EUR 89.8 billion from EUR 92.7 billion in the same period of 2018. Current Account in Germany averaged 3973.16 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 20800.00 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 27800.00 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.