Germany's current account surplus narrowed to a six-month low of EUR 16.3 billion in February 2019 from EUR 19.5 billion in the same month of the previous year, as the primary income surplus declined to EUR 6.2 billion from EUR 6.5 billion while the goods surplus was unchanged at EUR 19.1 billion. In addition, the services deficit widened to EUR 1.1 billion from EUR 0.8 billion a year earlier and the secondary income gap increased to EUR 7.9 billion from EUR 5.3 billion. Considering January to February, the current account surplus narrowed to EUR 35.1 billion from EUR 40.6 billion in the same period of 2018. Current Account in Germany averaged 3911.96 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.