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. source: Deutsche Bundesbank

Current Account in Germany averaged 4760.28 EUR Million from 1956 until 2022, reaching an all time high of 33800.81 EUR Million in March of 2021 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 September of 2022.

Current Account in Germany is expected to be 23600.00 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
2022-08-11 02:00 PM Jun €16.2B €-0.4B €4.8B
2022-09-12 01:30 PM Jul €5B €14.3B €13.3B
2022-10-13 02:00 PM Aug €5B


Related Last Previous Unit Reference
Balance of Trade 4886.63 7696.81 EUR Million Jul 2022
Current Account 4997.72 14323.95 EUR Million Jul 2022
External Debt 6132897.00 5926223.00 EUR Million Dec 2021
Foreign Direct Investment -14127.10 7749.33 EUR Million Jul 2022
Capital Flows -23156.45 45524.09 EUR Million Jul 2022
Remittances 532.77 532.77 EUR Million Jun 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
4997.72 14323.95 33800.81 -9365.22 1956 - 2022 EUR Million Monthly
NSA

News Stream
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
Germany Current Account Surplus Shrinks in June
Germany's current account surplus narrowed to EUR 16.2 billion in June of 2022 from EUR 25.1 billion in the corresponding month of the previous year. The goods surplus shrank to EUR 13.9 billion from EUR 16.8 billion and the services account switched to a deficit of EUR 3.4 billion, compared with a surplus of EUR 1 billion in June of 2021. In addition, the primary income surplus fell to EUR 2.2 billion from EUR 10.2 billion and the secondary income shortfall widened to EUR 5.9 billion from EUR 2.8 billion.
2022-08-11
Germany Posts Smallest Current Account Surplus Since 2003
Germany's current account surplus narrowed sharply to EUR 2.5 billion in May of 2022, from EUR 16 billion in the corresponding month of the previous year. It was the smallest current account surplus since August of 2003 when a shortfall of EUR 1.1 billion was recorded, mainly reflecting a steep drop in the goods surplus to EUR 6.2 billion from EUR 14.5 billion a year earlier. Moreover, the services account switched to a deficit of EUR 2.7 billion, compared with a surplus of EUR 2.3 billion in May of 2021. At the same time, the secondary income gap rose to EUR 3.2 billion from EUR 1.7 billion while the primary income surplus widened significantly to EUR 2.2 billion from EUR 0.6 billion.
2022-07-13