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.
Current Account in Germany averaged 4263.53 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 October of 2020. source: Deutsche Bundesbank
Current Account in Germany is expected to be 17400.00 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 2021 and 18500.00 EUR Million in 2022, according to our econometric models.