Germany's current account surplus increased to EUR 16.9 billion in August 2019 from EUR 15.2 billion in the same month the preceding year, as the goods surplus widened to EUR 17.0 billion from EUR 15.9 billion and the primary income surplus rose to EUR 9.1 billion from EUR 8.6 billion. Meanwhile, the secondary income gap increased to EUR 4.2 billion from EUR 3.6 billion a year ago, while the services deficit went down to EUR 5.0 billion from EUR 5.7 billion. Considering January to August, the current account surplus increased to EUR 164.9 billion from EUR 159.6 billion in the same period of 2018. Current Account in Germany averaged 4051.05 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 18400.00 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 20800.00 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.