The German current account balance of payments showed a surplus of EUR 18.8 billion in February of 2021, smaller than EUR 21.6 billion in the same month a year earlier. The goods surplus fell to EUR 18.6 billion from EUR 20.2 billion in February of 2020 while the services account shifted to a surplus of EUR 1.2 billion compared to a deficit of EUR 1.3 billion. At the same time, the primary income surplus widened to EUR 7.7 billion from EUR 7 billion while the secondary income deficit rose to EUR 8.8 billion from EUR 4.3 billion. In the first two months of the year, the country posted a current account surplus of EUR 36.4 billion, smaller than EUR 37.5 billion a year ago. source: Deutsche Bundesbank

Current Account in Germany averaged 4448.08 EUR Million from 1956 until 2021, reaching an all time high of 32388.97 EUR Million in March of 2019 and a record low of -9365.22 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 May of 2021.

Current Account in Germany is expected to be 18900.00 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 24900.00 in 12 months time. In the long-term, the Germany Current Account is projected to trend around 18500.00 EUR Million in 2022 and 16900.00 EUR Million in 2023, according to our econometric models.

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Germany Current Account

Actual Previous Highest Lowest Dates Unit Frequency
18800.00 17600.00 32388.97 -9365.22 1956 - 2021 EUR Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-01-08 07:00 AM Nov €21.3B €22.9B €21B
2021-02-09 07:00 AM Dec €28.2B €21.2B €23.4B
2021-03-09 07:00 AM Jan €16.9B €25.9B €22.9B
2021-04-09 06:00 AM Feb €18.8B €17.6B €22.5B
2021-05-07 06:00 AM Mar €18.8B €25.2B
2021-06-09 06:00 AM Apr
2021-07-08 06:00 AM May
2021-08-09 06:00 AM Jun


News Stream
Germany Current Account Surplus Narrows in February
The German current account balance of payments showed a surplus of EUR 18.8 billion in February of 2021, smaller than EUR 21.6 billion in the same month a year earlier. The goods surplus fell to EUR 18.6 billion from EUR 20.2 billion in February of 2020 while the services account shifted to a surplus of EUR 1.2 billion compared to a deficit of EUR 1.3 billion. At the same time, the primary income surplus widened to EUR 7.7 billion from EUR 7 billion while the secondary income deficit rose to EUR 8.8 billion from EUR 4.3 billion. In the first two months of the year, the country posted a current account surplus of EUR 36.4 billion, smaller than EUR 37.5 billion a year ago.
2021-04-09
Germany Current Account Surplus Little Changed to Start 2021
The German current account surplus was little changed at €16.9 billion in January of 2021 from €16.6 billion a year earlier. The trade surplus increased (€14.3 billion vs €13.7 billion) and the services account switched to a €1 billion surplus from a €1.1 billion gap. Also, the secondary income gap remained around €7.3 billion while the primary income surplus narrowed (€9.7 billion vs €10.2 billion).
2021-03-09
German Current Account Surplus Largest in 21 Months
The German current account balance of payments showed a surplus of EUR 28.2 billion in December of 2020, higher than EUR 25.3 billion a year earlier. It was the largest current account surplus since March 2019, as the goods surplus widened sharply (EUR 17.3 billion vs EUR 12.8 billion), amid the gradually improved in global demand. Also, the primary income surplus increased slightly (EUR 14.2 billion vs EUR 14.0 billion). Meantime, the services surplus narrowed (EUR 2.5 billion vs EUR 2.7 billion), while the secondary income deficit increased (EUR 5.8 billion vs EUR 4.2 billion). Considering 2020 full year, the current account surplus narrowed to EUR 236.2 billion from EUR 244.8 billion in 2019.
2021-02-09
Germany Posts €22.5B Current Account Surplus in October
The German current account balance of payments showed a surplus of EUR 22.5 billion in October of 2020, slightly higher than EUR 19 billion a year earlier. The services deficit narrowed (EUR 0.2 billion vs EUR 0.9 billion) and the primary income gap increased (EUR 7.1 billion vs EUR 6.8 billion). In contrast, the goods surplus narrowed slightly (EUR 20 billion vs EUR 22.6 billion) and the secondary income deficit widened (EUR 4.3 billion vs EUR 3.2 billion).
2020-12-09

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).