Germany's current account surplus plunged to EUR 7.7 billion in April 2020 from EUR 20.6 billion in the same month the previous year. This was the smallest current account surplus since August 2010, as the goods surplus plummeted to EUR 2.8 billion from EUR 17.6 billion a year earlier. Meantime, the secondary income deficit widened to EUR 4.3 billion from EUR 3.7 billion. The primary income surplus increased to EUR 8.9 billion from EUR 7.5 billion, while the services account posted a surplus of EUR 0.3 billion, compared to a gap of EUR 0.7 billion the prior year.

Current Account in Germany averaged 4200.83 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 July of 2020. source: Deutsche Bundesbank

Current Account in Germany is expected to be 14000.00 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 25200.00 in 12 months time. In the long-term, the Germany Current Account is projected to trend around 19100.00 EUR Million in 2021 and 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
7700.00 25600.00 32222.30 -9353.00 1956 - 2020 EUR Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-03-09 07:00 AM Jan €16.6B €24.8B €20.1B €20.1B
2020-04-09 06:00 AM Feb €23.7B €16.8B €16.7B
2020-05-08 06:00 AM Mar €24.4B €23.7B €16.6B
2020-06-09 06:00 AM Apr €7.7B €25.6B €14.9B
2020-07-09 06:00 AM May €7.7B €14.9B
2020-08-07 06:00 AM Jun €14.0B
2020-09-08 06:00 AM Jul €22.9B
2020-10-08 06:00 AM Aug €18.2B
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
German Current Account Surplus Smallest Since 2010
Germany's current account surplus plunged to EUR 7.7 billion in April 2020 from EUR 20.6 billion in the same month the previous year. This was the smallest current account surplus since August 2010, as the goods surplus plummeted to EUR 2.8 billion from EUR 17.6 billion a year earlier. Meantime, the secondary income deficit widened to EUR 4.3 billion from EUR 3.7 billion. The primary income surplus increased to EUR 8.9 billion from EUR 7.5 billion, while the services account posted a surplus of EUR 0.3 billion, compared to a gap of EUR 0.7 billion the prior year.
2020-06-09
German Current Account Surplus Narrows in March
Germany's current account surplus narrowed to EUR 24.4 billion in March 2020 from EUR 30.9 billion in the corresponding month of the previous year, as the goods surplus declined to EUR 18.0 billion from EUR 24.7 billion and the primary income surplus dropped to EUR 9.5 billion from EUR 10.1 billion. At the same time, the services deficit was unchanged at EUR 0.3 billion while the secondary income gap fell to EUR 2.7 billion from EUR 3.6 billion a year earlier.
2020-05-08
German Current Account Surplus Widens in February
Germany's current account surplus widened to EUR 23.7 billion in February 2020 from EUR 15.8 billion in the corresponding month of the previous year, as the goods surplus increased to EUR 20.7 billion from EUR 17.8 billion and the primary income surplus rose to EUR 7.4 billion from EUR 6.5 billion. At the same time, the services deficit narrowed to EUR 0.2 billion from EUR 0.4 billion a year earlier and the secondary income gap fell to EUR 4.2 billion from EUR 8.0 billion.
2020-04-09
German Current Account Surplus Smallest in 8 Months
Germany's current account surplus narrowed to EUR 16.6 billion in January 2020 from EUR 17.6 billion in the corresponding month of the previous year, below market expectations of EUR 20.1 billion. This was the smallest current account surplus since May last year, with the goods surplus being little-changed at EUR 14.2 billion, compared to 14.3 billion a year earlier, while the secondary income gap widened to EUR 7.1 billion from EUR 5.0 billion. Meanwhile, the primary income surplus increased to EUR 9.9 billion from EUR 9.3 billion a year ago, while the services gap narrowed to EUR 0.4 billion from EUR 1.0 billion.
2020-03-09

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).