Germany's current account surplus narrowed sharply to EUR 14.8 billion in September 2022 from EUR 23.5 billion in the same month last year, as the goods surplus shrank to EUR 12.6 billion from EUR 17.7 billion and the primary income surplus declined to EUR 11.7 billion from EUR 12.5 billion. At the same time, the services deficit widened to EUR 5.3 billion from EUR 1.6 billion, while the secondary income gap was little changed at EUR 4.2 billion. Considering January to September, the current account surplus dropped to EUR 100.8 billion from EUR 204.0 billion in the same period of 2021. source: Deutsche Bundesbank

Current Account in Germany averaged 4964.88 EUR Million from 1956 until 2022, reaching an all time high of 34716.39 EUR Million in March of 2021 and a record low of -13042.72 EUR Million in January of 1997. 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 November of 2022.

Current Account in Germany is expected to be 12500.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Germany Current Account is projected to trend around 16900.00 EUR Million in 2023 and 17200.00 EUR Million in 2024, according to our econometric models.

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Germany Current Account



Calendar GMT Actual Previous Consensus TEForecast
2022-10-13 01:15 PM Aug €0.6B €5.4B €9.5B
2022-11-11 01:45 PM Sep €14.8B €0.9B €11.6B
2022-12-13 01:45 PM Oct €14.8B €15.1B


Related Last Previous Unit Reference
Balance of Trade 8978.39 300.23 EUR Million Sep 2022
Current Account 14811.33 880.37 EUR Million Sep 2022
External Debt 6174461.00 6158976.00 EUR Million Jun 2022
Foreign Direct Investment -6468.06 39787.49 EUR Million Sep 2022
Capital Flows -8108.90 29531.00 EUR Million Sep 2022
Remittances 532.77 532.77 EUR Million Sep 2022

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).
Actual Previous Highest Lowest Dates Unit Frequency
14811.33 880.37 34716.39 -13042.72 1956 - 2022 EUR Million Monthly
NSA

News Stream
German Current Account Surplus Narrows in September
Germany's current account surplus narrowed sharply to EUR 14.8 billion in September 2022 from EUR 23.5 billion in the same month last year, as the goods surplus shrank to EUR 12.6 billion from EUR 17.7 billion and the primary income surplus declined to EUR 11.7 billion from EUR 12.5 billion. At the same time, the services deficit widened to EUR 5.3 billion from EUR 1.6 billion, while the secondary income gap was little changed at EUR 4.2 billion. Considering January to September, the current account surplus dropped to EUR 100.8 billion from EUR 204.0 billion in the same period of 2021.
2022-11-11
German Current Account Surplus Shrinks in August
Germany's current account surplus narrowed sharply to EUR 0.6 billion in August 2022 from EUR 17.0 billion in the same month last year, as the goods surplus decreased to EUR 3.5 billion from EUR 12.9 billion. In addition, the services deficit widened to EUR 8.8 billion from EUR 3.5 billion and the secondary income gap rose to EUR 5.6 billion from EUR 4.2 billion. The primary income surplus was little changed at EUR 11.6 billion, compared with EUR 11.9 billion a year ago. Considering January to August, the current account surplus shrank to EUR 81.3 billion from EUR 176.6 billion in the same period of 2021.
2022-10-13
Germany Current Account Surplus Narrows in July
Germany's current account surplus narrowed to EUR 5 billion in July of 2022 from EUR 20.7 billion in the corresponding month of the previous year. The goods surplus shrank to EUR 8.3 billion from EUR 18.6 billion in July of 2021 and the services deficit widened to EUR 7.4 billion from EUR 2.5 billion. In addition, the secondary income shortfall rose to EUR 6.7 billion from EUR 5.4 billion while the primary income surplus increased to EUR 10.7 billion from EUR 9.9 billion.
2022-09-12