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.